Altcoin Season at risk as an alarming chart pattern emerges
The Altcoin Season Index continued its downward trend this week as Bitcoin dominance accelerated.
The index, which tracks the performance of altcoins against Bitcoin (
$BTC ), declined to 15, the lowest level this year. This decline continued as most altcoins remained in the red.
Data compiled by shows that only a handful of cryptocurrencies have risen in the last 90 days. Pippin token jumped by over 2,300%, making it the best-performing major tokens. The other notable gainers were names like
$ZEC , Dash, Monero, and Merlin Chain.
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