Altcoin Season Index drops to 29, down 1 point

CoinMarketCap's Altcoin Season Index is currently at 29, down one point from yesterday. The index is calculated by comparing the price performance of the top 100 coins by market capitalization, excluding stablecoins and wrapped tokens, against Bitcoin. An 'altcoin season' is declared when 75% of these coins outperform Bitcoin over the preceding 90 days, while the opposite is considered a 'Bitcoin season.' A reading closer to 100 suggests conditions are favorable for an altcoin season.