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alts season index dropped to 16
According to BlockBeats news on May 31, data from Coinmarketcap shows that the Altcoin Season Index is currently at 16, having previously risen to 43 on May 10. This index indicates that over the past 90 days, about 16 projects among the top 100 crypto assets by market capitalization have outperformed Bitcoin in terms of rise. Note: The CMC crypto assets alt season index is a real-time indicator used to determine whether the current cryptocurrency market is in an altcoin-dominated season. This index is based on the performance of the top 100 alts relative to Bitcoin over the past 90 days.