The CMC Shanzhai Coin Seasonal Index reached 18, indicating that the market is still dominated by Bitcoin
Odaily Planet Daily reported that the CMC Altcoin Season Index reached 18, indicating a slight market recovery, but still significantly down from the March average of 32 and February average of 43, suggesting that the market is still dominated by Bitcoin.
The CMC Altcoin Season Index is a tool that helps determine whether the market is in altcoin season or Bitcoin season by tracking the performance of the top 100 cryptocurrencies over the past 90 days. The market is considered to be in altcoin season when 75% or more of altcoins outperform Bitcoin.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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