Altcoin Seasonal Index falls back to 47

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On July 22, according to Coinmarketcap data, the Altcoin Season Index dropped to 47, having risen to 55 on July 21. The index indicates that approximately 47 projects among the top 100 cryptocurrencies by market capitalization outperformed Bitcoin in the past 90 days.

Note: The CMC Altcoin Season Index is a real-time indicator used to determine whether the current cryptocurrency market is in an Altcoin-dominated season. The index is based on the performance of the top 100 Altcoins relative to Bitcoin over the past 90 days.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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