Altcoin Season Index: This index measures the dominance between Bitcoin and altcoins. When the index is above 50, at least 75% of the top altcoins outperform Bitcoin.

Market trends: With a score of 58, the dominance of altcoins continues to prevail, thanks to the increased utility of altcoins like Ethereum and Solana.

Short-term outlook: Although the index shows a slight decline, the market may be waiting for stronger stimuli from Bitcoin price movements.

Rise of altcoins: Metrics such as the trading volume of altcoin pairs are increasing, indicating growing interest from investors.