Altcoin Season Index Hits High Point, Traders Eye Next Steps

The altcoin market is experiencing a surge of excitement as the ‘altseason’ index has reached its highest point this year. Social media buzz is fueling the trend, and traders are predicting further gains. Blockchain data shows that the Blockchain Center’s altseason index has hit 76 out of 100, indicating a strong performance from altcoins compared to Bitcoin in recent months. While CoinGlass’ index stands slightly lower at 67, both share a similar trend towards high levels not seen since December.