Altcoin Season Index at 46...Down 1 Point from Previous Day
JOON HYOUNG LEE
- It was reported that the Altcoin Season Index fell by 1 point from the previous day to record 46.
- This means that the rate of increase for 75% of the top 100 coins is lower than that of Bitcoin, indicating a higher possibility of a Bitcoin season.
- Investors are advised to consider it an altcoin season when the Altcoin Season Index is close to 100.
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Image=CoinMarketCap Capture
The Altcoin Season Index recorded a value of 46.
According to the cryptocurrency market status broadcasting site CoinMarketCap, the Altcoin Season Index was recorded at 46 as of 9:50 AM on the 26th. This is a decrease of 1 point compared to the previous day (47).
The Altcoin Season Index is calculated by comparing the price fluctuation rates between the top 100 coins by market capitalization (excluding stable and wrapped coins) and Bitcoin. If 75% of the top 100 coins have a higher rate of increase than Bitcoin over the past 90 days, it is considered an altcoin season; otherwise, it is considered a Bitcoin season. The closer the index is to 100, the more it is judged to be an altcoin season.
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto JournalistPiCK News
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