Altcoins Lose Strength: Seasonality Index Shows Retreat to 17 in Latest Reading

robot
Abstract generation in progress

The Altcoin Season Index showed a new decline at the end of December, marking 17 points according to CoinMarketCap data. This drop represented a deterioration compared to the previous day, when the indicator was at 18, signaling a weakening in the performance of altcoins against Bitcoin.

What the Index Reveals

This indicator tracks the behavior of the top 100 traded altcoins, comparing their performance with Bitcoin over a 90-day period. The metric provides a clear view of when the altcoin market is in (altcoin season) or in a downturn, serving as a compass for traders and investors to monitor market cycles.

Historical Context and Perspective

To gauge the current situation, it is important to note that the Altcoin Season Index reached its peak of 78 on September 20, demonstrating a significant decrease since that period. In this reading on December 26, only about 17 projects in the altcoin portfolio managed to outperform Bitcoin in the same timeframe, highlighting a challenging scenario for the segment.

The index’s trajectory reflects the volatile dynamics of crypto markets at the year’s end, with altcoins facing greater pressure compared to major assets.

BTC-0,24%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)