🧨CMC Altcoin Season Index: 30/100
Although the market has experienced strong growth over the past week, the Altcoin Season Index of #CoinMarketCap is still at 30/100, indicating that Altcoins have not truly gained dominance. This suggests that the superiority of #Altcoin is still not strong enough to stimulate strong participation from new investors (F0) and cause #FOMO to explode.
🧨Coinglass Altcoin Season Index: 24/100
The Altcoin Season Index #coinglass is 24/100, similar to CMC, indicating that Altcoins have not really exploded. History shows that when this index reaches above 75, that is when the peak of Altcoin Season occurs.
🐳Conclusion:
Despite the recent growth in altcoins, the Altcoin Season has not yet reached a strong "FOMO" level. Current indicators suggest that Altcoins still need more time to build momentum and attract attention from retail investors. We might see strong developments in the near future.
