Shitcoin Season Index Drops to 47

BlockBeats News, July 22nd, according to Coinmarketcap data, the Altcoin Season Index has dropped to 47, after briefly reaching 55 on July 21st. This index indicates that out of the top 100 cryptocurrencies by market capitalization, around 47 projects have outperformed Bitcoin in price appreciation over the last 90 days.

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