The Altcoin Season Index by CoinMarketCap has dropped to its lowest level since its creation, indicating a significant decline in the number of altcoins outperforming Bitcoin. Altcoin market capitalization has fallen by 38% from its all-time high, with $600 billion leaving the market. Despite this, some analysts remain optimistic. The index currently stands at 17, the lowest point since its introduction. A separate Altcoin Season Index by Blockchain Center is at 29, with declining indices correlating with the drop in altcoin market capitalization. Some analysts, such as Master of Crypto and Coinvo, believe that this downturn signifies a promising future and that altcoin market cap could reach $5 trillion in 2025. Ki Young Ju, CEO of CryptoQuant, suggests that the new Altcoin Season will direct capital into stablecoins or widely accepted altcoins rather than smaller speculative tokens.



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