The Altcoin Season Index has reached a 2-month high of 45, indicating a potential altcoin rally. However, it needs to hit 75 to confirm an altcoin season.

Key Points:

- Altcoins have seen considerable growth alongside Bitcoin.

- Ethereum (ETH) has underperformed against Bitcoin, but Solana (SOL) has outperformed.

- DeFi and NFT industries have witnessed significant growth.

- Total Value Locked (TVL) in DeFi increased by $10 billion in 2 weeks.

- NFT sales volumes increased by 40%.

- Bitcoin's dominance remains high at 54%.

For an altcoin season to be confirmed, altcoins need to extend their gains and the index needs to reach 75.