Altcoin Season Index: This index measures the dominance between Bitcoin and altcoins. When the index is above 50, at least 75% of the top altcoins outperform Bitcoin.
Market trends: With a score of 58, the dominance of altcoins continues to prevail, thanks to the increased utility of altcoins like Ethereum and Solana.
Short-term outlook: Although the index shows a slight decline, the market may be waiting for stronger stimuli from Bitcoin price movements.
Rise of altcoins: Metrics such as the trading volume of altcoin pairs are increasing, indicating growing interest from investors.
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