Altcoin Season Index Rebounds 21% After Recent Low

The Altcoin Season Index, a metric used to gauge the performance of altcoins relative to Bitcoin, has shown signs of recovery after hitting a recent low. On April 13, the index rose from 14 to 17, marking a slight rebound. However, this figure is still significantly lower than the averages recorded in March and February, which were 32 and 43, respectively. This decline has been ongoing since the index reached its yearly high of 87 on December 4, 2024.

Among the top 100 cryptocurrencies by market capitalization, only 15 tokens have outperformed Bitcoin over the past 90 days. The top-performing altcoins during this period include AB, XCN, FORM, OM, and IP. These tokens have managed to buck the broader trend of underperformance, which has been characterized by a general decline in the Altcoin Season Index.

This rebound in the Altcoin Season Index suggests a potential shift in market sentiment, as investors may be starting to explore opportunities beyond Bitcoin. However, the index remains well below its recent highs, indicating that the overall market for altcoins is still in a state of recovery. The performance of the top-performing altcoins highlights the potential for individual tokens to outperform the broader market, even during periods of overall decline.