According to Coin World:
The surge in AI tokens has increased the market capitalization of AI tokens to approximately $28.1 billion.
Although some altcoins have seen price increases, the altcoin season index remains at 33%, indicating that a widespread altcoin rebound is unlikely in the near future.
The cryptocurrency market has experienced an upward trend over the past week, with the price of Bitcoin [BTC] returning to the $60,000 level.
This bullish momentum has led to significant spikes in several altcoins, particularly in the artificial intelligence (AI) token sector.
These developments have sparked discussions about a potential rebound for altcoins in the cryptocurrency market over the coming week.
AI tokens are leading the cryptocurrency market in the upcoming week, with capitalization analysis revealing a sustained upward trend for the upcoming crypto week.
AI tokens such as Internet Computer (ICP), Artificial Superintelligence Alliance, and Injective [INJ] have witnessed substantial growth over the past seven days.
As of the time of writing, the market capitalization of AI tokens is approximately $28.1 billion, showing a clear upward trend.
If these tokens maintain their current momentum, we may see further growth in market capitalization over the coming week.
However, it remains uncertain whether this will be sufficient to trigger the long-awaited altcoin rebound.
Is an altcoin rebound on the horizon?
By analyzing key price data, some altcoins have shown significant growth over the past 90 days.
Bitcoin Tensor [TAO] has increased by 87.1%, while Sui has risen by 75.7%.
Additionally, Aave has climbed by 72.4%, and Ripple [XRP] has grown by 19.6%.
These impressive gains suggest that these altcoins may continue to maintain their positive trends in the upcoming cryptocurrency week.
Despite these encouraging signs, the likelihood of an altcoin rebound in the near future remains low.
Data from Blockchain Center indicates that the current altcoin season index stands at 33%. For an altcoin season to be declared, 75% of the top 50 coins must outperform Bitcoin over the past 90 days.
As of the time of publication, only about 16 tokens have shown positive trends over the past 90 days, including those mentioned above.
This indicates that while individual altcoins are performing well, the broader market may not yet be prepared for a comprehensive cryptocurrency rebound in the upcoming week.
Conclusion
The cryptocurrency market in the coming week holds the potential for sustained growth in AI tokens and selected altcoins. However, market indicators suggest that a general altcoin rebound may not yet be underway.
Investors should closely monitor market trends and conduct due diligence before making investment decisions next week.
