Binance CZ Weighs in as Altcoin Season Index Stays Low at 14/100
- CoinMarketCap’s altcoin season index sits at 14/100, indicating Bitcoin’s dominance.
- CZ says a score of 50 would signal a strong altcoin season.
- President Trump signs an executive order to create a U.S. Bitcoin Strategic Reserve.
Altcoins are still behind Bitcoin, according to CoinMarketCap’s altcoin season index, which is currently at 14/100. The index calculates how many of the top 100 altcoins have done better than Bitcoin over the last 90 days.
A score above 50 usually means an altcoin season, but the current reading suggests Bitcoin is still on top.
Former Binance CEO Changpeng “CZ” Zhao weighed in on the metric, saying, “I think this is a tough ranking system. 50 is probably a really good score.” His comment highlights how few altcoins have managed to outperform Bitcoin in recent months.
Related: Altcoin Season Watch: Bitcoin Dominance Holds, But Breakout Signals Flash
Altcoin Performance: Under Pressure
Data from Coinmarket show that Bitcoin has jumped 10.97% in the past three months, while many major altcoins have had a hard time keeping up.
Looking at the underperformers, HBAR has dropped by 24.33%, BNB by 19.01%, XDC by 19…
The post Binance CZ Weighs in as Altcoin Season Index Stays Low at 14/100 appeared first on Coin Edition.
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Binance CZ Weighs in as Altcoin Season Index Stays Low at 14/100
- CoinMarketCap’s altcoin season index sits at 14/100, indicating Bitcoin’s dominance.
- CZ says a score of 50 would signal a strong altcoin season.
- President Trump signs an executive order to create a U.S. Bitcoin Strategic Reserve.
Altcoins are still behind Bitcoin, according to CoinMarketCap’s altcoin season index, which is currently at 14/100. The index calculates how many of the top 100 altcoins have done better than Bitcoin over the last 90 days.
A score above 50 usually means an altcoin season, but the current reading suggests Bitcoin is still on top.
Former Binance CEO Changpeng “CZ” Zhao weighed in on the metric, saying, “I think this is a tough ranking system. 50 is probably a really good score.” His comment highlights how few altcoins have managed to outperform Bitcoin in recent months.
Related: Altcoin Season Watch: Bitcoin Dominance Holds, But Breakout Signals Flash
Altcoin Performance: Under Pressure
Data from Coinmarket show that Bitcoin has jumped 10.97% in the past three months, while many major altcoins have had a hard time keeping up.
Looking at the underperformers, HBAR has dropped by 24.33%, BNB by 19.01%, XDC by 19…
The post Binance CZ Weighs in as Altcoin Season Index Stays Low at 14/100 appeared first on Coin Edition.
Read More
Massive Crypto Unlocks This Week: TRUMP, ZKJ, SAROS Lead $400M+ Release