A number of altcoins have shown growth of over 20%: the altseason index is approaching a key level

A noticeable growth of several altcoins has been recorded in the crypto market, according to CoinGecko data. Over the week, assets such as DOGE, WLD, PUMP, MNT, HYPE, AVAX have shown growth of 18% and above. Analysts associate the upward trend with expectations of an “altseason” and increased activity from institutional players.

As of the time of publication, the growth on the weekly chart is as follows:

• DOGE — +21.7%
• BONK — +29.3%
• WLD — +95.8%
• PUMP — +36%
• MNT — +35.1%
• HYPE — +23.9%
• AVAX — +18.4%
• PENGU — +30.1%
• ENA — +19.2%
• ONDO — +18.4%

The total market capitalization of altcoins reached $1.66 trillion. Over the week, the figure increased by 7.6%, and over the month — by 3%.

It is noteworthy that the growth is not only driven by large assets like Solana or XRP. The dominance indicator of altcoins, excluding the top 10 largest projects, increased by 5.5% over the week and 6.9% over the month.

The altseason index from CoinMarketCap reached a value of 66 points. Although this indicator has not yet exceeded the threshold value of 75, the growth of 13 points over the week and 31 points over the month indicates an accelerating dynamic and strengthens expectations of an “altseason”.