As of 9:30 AM Korea time, the 'Altcoin Season Index' was recorded at 47, according to CoinMarketCap. This represents a 1 point increase from the previous day. The Altcoin Season Index is a measure of the relative performance of altcoins (cryptocurrencies other than Bitcoin) compared to Bitcoin. It is determined by comparing the price fluctuations between the top 100 coins (excluding stablecoins and wrapped coins) by market capitalization and Bitcoin. If 75% of the top 100 coins have a higher rate of increase than Bitcoin over the past 90 days, it is considered Altcoin Season; otherwise, it is considered Bitcoin Season. The closer to 100, the more it is considered Altcoin Season. The rise in the Altcoin Season Index suggests that altcoins are outperforming Bitcoin, indicating that investors may be rotating their assets into altcoins. This could be due to a number of factors, such as the increasing adoption of altcoins, the development of new and innovative altcoin projects, and the belief that altcoins have more room for growth than Bitcoin.