The cryptocurrency market is showing strong growth, particularly in the altcoin sector, indicating an approaching altcoin season. Tokens PUMP, M, and WLFI have emerged as key leaders in this growth.
Market Performance and Capitalization Growth
In the last 24 hours, PUMP jumped 29%, M increased by 10%, and WLFI rose by 8%. This strengthened the overall altcoin growth, which has surged more than 55% in the past month to a total of $1.71 trillion.
CoinMarketCap Altcoin Season Index
The CoinMarketCap Altcoin Season Index reached 70, approaching the 75 level that confirms an official altcoin season. Despite a slight pullback, the index is still up 17 points from last week.
Expert Opinions on Market Trends
Renowned trader and analyst Michaël van de Poppe remarked that 'the uptrend on altcoins has started for the first time in 3 years.' He predicted that this trend will continue for at least three months.
The growth of altcoins and positive forecasts from experts may indicate an impending increase in investor interest in this segment of the cryptocurrency market.
