COINOTAG News reports that as of March 10th, data provided by CoinMarketCap reveals that a mere 17 tokens among the top 100 by market capitalization have surpassed Bitcoin (BTC) in performance over the last 90 days. Notable outperformers include BERA, which skyrocketed by 499%, followed by IP at 81%, and BGB at 78%. In contrast, Bitcoin experienced a decline of -15% during the same interval.
In response to the shifts in market dynamics, CoinMarketCap has launched the Altcoin Season Index. This innovative metric assesses the percentage of altcoins in the top 100 that are outpacing Bitcoin. A reading above 75 indicates a prevailing Altcoin Season, whereas a score below 25 suggests a market dominated by Bitcoin. Notably, the index has remained below 25 for 12 consecutive days since February 27th, indicating a sustained Bitcoin-centric market environment.
Source: https://en.coinotag.com/breakingnews/bitcoin-underperforms-only-17-tokens-outpace-btc-with-new-altcoin-season-index-insights/