Altcoin Market Gains Momentum as Index reaches Critical Level
The Altcoin Season Index has jumped to 72, edging close to the 75 mark that typically triggers a full-blown altseason. This surge has stirred enthusiasm among traders.
Recently, Solana (SOL) has been dominating, with a 17% rise over the past week. Its market cap has now surpassed that of Binance Coin (BNB), marking a meaningful shift. Other notable players include MYX and MemeCore, which have seen impressive gains.
- Ethereum (ETH) crossed $4,600
- Ripple (XRP) broke the $3 barrier
- Dogecoin (DOGE) rose above $0.28
- Cardano (ADA) exceeded $0.90
This bullish trend was further fueled by Galaxy Digitalâs acquisition of $6.5 million worth of SOL. Still, not everyone is as bullish. Maartunn, a CryptoQuant analyst, warned about ancient parallels to the market correction in early 2025.
In December 2024, altcoin speculation spiked while Bitcoinâs open interest remained stagnant, foreshadowing a 30% correction. Now, a similar divergence is emerging. Maartunn advises investors to prepare for potential risk.
âItâs like musical chairs,â he said. âWhen the music stops, not everyone will find a seat.â Markets are facing macroeconomic pressures and regulatory uncertainties.
While top altcoins display strength, the rally could be fragile. Investor caution is advised as the marketâs direction remains uncertain.
