The CoinMarketCap Altcoin Season Index currently stands at 17, indicating a diminished performance of altcoins when compared to Bitcoin. This value is the lowest since the index’s inception.

The total market capitalization of altcoins has decreased by 38%, amounting to a loss of approximately 600 billion USD from its all-time high, signaling challenging conditions for investors.

Despite the downturn, analysts remain optimistic about a potential rally. Some believe the altcoin market cap could soar to 5 trillion USD by 2025, reminiscent of previous cycles.