Crypto traders are eagerly watching the altcoin market, anticipating a potential surge. According to trader Daan Crypto Trades, a euphoric altcoin season could kick off once the TOTAL3 market cap—excluding Bitcoin and Ether—exceeds its 2021 high of $1.13 trillion. Currently, TOTAL3 stands at $962.78 billion, up 91.45% since the start of the year.

Market volatility persists, with some analysts attributing it to traders' short-term strategies. Meanwhile, altcoins like Bitget Token, Virtuals Protocol, and Pudgy Penguins have seen significant gains, prompting traders to consider shifting focus from Bitcoin to altcoins for better risk-reward opportunities.