As multiple indicators suggest that the long-awaited altcoin season is approaching, the altcoin market is experiencing significant volatility. The total market capitalization of cryptocurrencies has surpassed $4 trillion for the first time.
With capital flowing into altcoins, and increasing interest from institutional investors in spot ETFs and on-chain asset investments, the "peak season" for altcoins may finally have arrived.
The explosive performance of altcoins like ETH, SOL, and meme coins is a clear sign of a significant shift. Ethereum has surpassed $3,600, rising 20% in the past week. Other altcoins such as Sui, uni, link, bonk, pepe, sol, and xrp have also increased by 15% to 45% during the same period.
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