Is Altcoin Season Here? Market Signals Point To Potential Shift

Bitcoin’s price continues to hold strong, with recent gains bringing the asset close to $105,415. Ethereum has also seen a surge, currently trading at around $2,610. The question remains: Is this the start of an altcoin season? Blockchaincenter.net suggests that despite recent performance, the Altcoin Season Index remains relatively low. 75% is needed to signal a true altcoin season. However, some optimistic signs are emerging, particularly with Bitcoin’s dominance declining. This could be driving investor interest towards alternative cryptocurrencies.