The "Altcoin Season Index" by CoinMarketCap, a leading digital asset information platform, reached 62 as of 9:30 AM KST. This represents an impressive increase of 11 points from the previous day. The Altcoin Season Index measures the relative performance of the top 100 altcoins (excluding stablecoins and wrapped coins) against Bitcoin. When 75% of these altcoins exhibit a higher percentage price change than Bitcoin over a 90-day period, it's considered an "altcoin season." Conversely, when Bitcoin outperforms most altcoins, it's known as a "Bitcoin season." As the Altcoin Season Index approaches 100, it indicates a stronger trend towards altcoin dominance in the market. This recent surge suggests that altcoins are gaining momentum and attracting investor interest. It's worth noting that altcoin season can provide opportunities for higher returns, but it also carries increased risk due to the volatility of these assets.

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