🚀 Altcoins Soar as Crypto Market Heats Up 🔥

The Total3 index, which tracks altcoins excluding Bitcoin and Ethereum, has surged to a staggering $788 billion market cap, hinting at an imminent "mania phase" for these digital assets! 📈

Key points:

- Total3 index is just 6.5% away from its April 2022 peak of $837.5 billion

- Ethereum's influence on altcoins is waning, but on-chain metrics remain bullish

- Layer-1 ecosystems like Tron, Solana, and Avalanche are outperforming the broader market

With Bitcoin rallying and altcoins poised for growth, the crypto market is brimming with optimism. What do you think is next for the crypto space? Share your thoughts in the comments! 👇