#AltcoinSeasonLoading Currently, the cryptocurrency market is showing signs that Altcoin Season may be approaching. Here are some notable indicators and trends:

📊 Market Indicators and Trends

• Altcoin Season Index: This index has risen from 23 to 36 in early May, indicating a shift of capital from Bitcoin to altcoins. However, to confirm a true Altcoin Season, this index needs to surpass 75.

• Increase of major altcoins: Ethereum (ETH) has risen nearly 13% in the past 24 hours, while Solana (SOL), Dogecoin (DOGE), and Cardano (ADA) have all increased by more than 6%.

• Bitcoin dominance rate decreases: The Bitcoin dominance rate has dropped from over 65% to 63.89%, indicating a shift of capital towards altcoins.