The altseason index has surged to its highest level this year, with Blockchain Center and CoinGlass reporting a score of 76 out of 100, while CoinMarketCap's indicator stands at 67. This marks the highest levels since December, indicating a potential altseason where altcoins outperform Bitcoin. The Blockchain Center defines altseason as a period when 75% of the top 50 crypto assets surpass Bitcoin's performance over 90 days. Crypto trader "Daan Crypto Trades" noted that the total altcoin market capitalization is nearing its 2021 all-time high, suggesting a possible price discovery phase that could attract new market participants. The current altcoin market cap, excluding Bitcoin and stablecoins, is $1.63 trillion, close to its previous peaks. Top performers in the altcoin market include Dogecoin, which rose over 5% to exceed $0.25, and Avalanche, which surged nearly 11% to $29.