Is an Altcoin Season Imminent? CMC’s Index Hints at a Market Shift

Crypto enthusiasts are abuzz with anticipation as the CMC Altcoin Season Index surges to 41/100, marking a potential transition from Bitcoin’s dominance. The index’s upward trend, fueled by Bitcoin’s declining influence and growing investor fear of missing out (FOMO), suggests an altcoin season might be brewing. Analysis from CryptoPulse (@CryptoPulse_CRU) on X highlights this shift. 59% of market value currently belongs to Bitcoin, while the index tracks performance of the top 100 coins in a 90-day timeframe. This indicates rising altcoin market capitalization since late July, driven by Bitcoin’s decline and increasing investor FOMO.