The altcoin season may have officially begun, as indicated by a significant surge in altcoin trading volume on Centralised Exchanges, surpassing Bitcoin’s volume by 2.71x. However, the CryptoQuant CEO cautions that not all altcoins will benefit from this rally, which is expected to be selective, favoring those with strong utility and community support. Additionally, a crypto analyst predicts a final market decline before a potential rise in the altcoin season index, with the altcoin market cap currently at $280.5 billion, showing signs of a bullish reversal.
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