Crypto traders are watching closely as Ethereum and a wave of altcoins outperform Bitcoin this week, sparking talk of a potential “Altcoin Season.” As of May 13, the crypto market cap has climbed to $3.33 trillion. Bitcoin remains strong near $103,000, but Ethereum’s 44.8% weekly surge, alongside massive gains from WIF (108.8%), PI (95.2%), PEPE (79.4%), and ENA (49.5%), has shifted the spotlight.
Social media is ablaze with excitement, with users predicting that altcoins may soon take over. However, the Altcoin Season Index still reads just 24—far from the 75 mark needed to officially call it a season. History suggests momentum like this can build quickly, but the market isn't fully there yet.
Conclusion:
Altcoins are heating up, but according to the data, full-blown “Altcoin Season” isn’t confirmed—yet.
Takeaways:
Ethereum and memecoins lead weekly gains.
Bitcoin remains strong but stagnant near its peak.
Altcoin Season Index still below threshold.
Source: Bitcoin.com
