#AltcoinSeasonLoading

🔍 Strong indicators of the beginning of the altcoin season

1. Decline in Bitcoin Dominance:

• Bitcoin's dominance percentage decreased from 55.3% on May 1 to 53.8% on May 10, indicating a shift of investors towards altcoins.

2. Rise in Altcoin Season Index:

• The Altcoin Season Index rose from 23 to 36 in early May, reflecting an increase in the performance of altcoins compared to Bitcoin.

3. Strong performance of major altcoins:

• Ethereum (ETH) recorded a 13% increase, while Solana (SOL) rose by 12% during the same period.

4. Increase in trading volumes:

• Ethereum experienced a 108% increase in trading volume, reaching $38.4 billion, reflecting increased activity in the market.