There is debate about whether an "altcoin season," a period of rising altcoin prices, is imminent in the cryptocurrency market. The Altcoin Season Index currently registers a score of 39 out of 100, indicating that altcoin season is not yet in effect. Tracy Jin, COO of MEXC, believes that the market shows no signs of an imminent altcoin season and that liquidity is shifting towards Bitcoin. However, some market observers believe that the SEC's review of ETFs for coins like XRP, DOGE, SOL, and LTC, as well as Nasdaq's proposed rule change, may indicate a potential altcoin season.



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