ChainCatcher Message, Coinmarketcap data shows that the Altcoin Season Index is currently at 89, up 3 points from the previous day, setting a new high for the year. The rise in this index indicates that, within the top 100 cryptocurrencies by market capitalization, 89 projects have outperformed Bitcoin over the past 90 days.

The CMC Altcoin Season Index is a real-time indicator used to determine whether the market is in a season dominated by altcoins. This index provides insights into market trends by analyzing the performance of the top 100 altcoins relative to Bitcoin. The high level of this index indicates strong performance of altcoins in the current market, making it worthy of close attention from investors.