The altcoin landscape continues to show signs of weakness. According to CoinMarketCap data, the Altcoin Season Index was at 17 on December 26, indicating a slight retreat from the 18 points recorded the previous day.
This indicator, which measures the relative performance of the top 100 altcoins against Bitcoin over the past 90 days, remains far from its all-time highs. The index peaked at 78 on September 20, demonstrating how much ground the sector has lost in recent weeks.
With the index at such low levels, only 17 projects in the altcoin market have managed to outperform Bitcoin in the same reference period. This data reflects the difficulty the segment faces in gaining traction against the dominant asset, highlighting the challenge for altcoin developers and operators to differentiate themselves and attract investor interest in the current market environment.
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Altcoin Season Remains Weak: Index Marks 17 at the End of December
The altcoin landscape continues to show signs of weakness. According to CoinMarketCap data, the Altcoin Season Index was at 17 on December 26, indicating a slight retreat from the 18 points recorded the previous day.
This indicator, which measures the relative performance of the top 100 altcoins against Bitcoin over the past 90 days, remains far from its all-time highs. The index peaked at 78 on September 20, demonstrating how much ground the sector has lost in recent weeks.
With the index at such low levels, only 17 projects in the altcoin market have managed to outperform Bitcoin in the same reference period. This data reflects the difficulty the segment faces in gaining traction against the dominant asset, highlighting the challenge for altcoin developers and operators to differentiate themselves and attract investor interest in the current market environment.