Altcoin Season Index Hits 28 as 28 Top Altcoins Outperform Bitcoin, per CoinMarketCap

COINOTAG News reports on November 8 that CoinMarketCap data shows the Altcoin Season Index rising to 28. Over the trailing 90 days, roughly 28 of the top 100 cryptocurrencies by market capitalization outpaced Bitcoin on price performance.

The Altcoin Season Index is a real-time indicator of market leadership, signaling whether sentiment favors altcoins. It measures the relative performance of the top 100 altcoins versus Bitcoin over the past 90 days.

For traders, a reading of 28 points to improving market breadth among altcoins and may guide allocation decisions while reinforcing risk management and portfolio diversification within the crypto space.