## The Cryptocurrency Market Signals a Possible Altseason: Altseason Index Reaches Yearly High

A wave of optimism has swept crypto traders worldwide. The key indicator—the altseason index—has soared to its highest level since the beginning of 2024. According to Blockchain Center and CoinGlass, this index reached 76 points out of 100, while the more conservative CoinMarketCap metric shows 67 points. Such levels have not been seen since December of the previous year, creating a sense of an approaching period where altcoins outperform Bitcoin.

What does the altseason index mean for market participants? It is a key metric that characterizes a situation where three-quarters of the top 50 crypto assets outperform Bitcoin over a quarter. Essentially, we are in a period of asset revaluation, where investors' primary focus shifts from the dominant cryptocurrency to riskier alternatives.

Crypto analyst known as "Daan Crypto Trades" pointed out an interesting trend to the community: the total market cap of altcoins (excluding Bitcoin and stablecoins) has already reached $1.63 trillion and is approaching the all-time high set in 2021. This fact could indicate an active price formation phase, attracting new participants to the market.

Practical examples of this altseason movement are already visible in the movements of individual tokens. Dogecoin has shown active price movement and is currently trading at $0.14, reflecting the volatility of meme coins in the current market cycle. Meanwhile, Avalanche demonstrates significant activity with a current price of $13.70, showing interest in layer-two platforms and alternative blockchain solutions.

This market configuration indicates a classic pattern where capital begins to flow from the largest asset into a broad spectrum of crypto projects, creating opportunities for specialized traders and long-term investors who monitor changes in the altseason index.