#CryptoMarketWatch CZ: The Altcoin Season Has Not Yet Started

Changpeng Zhao (CZ), co-founder of Binance, recently commented on the state of the crypto market, particularly the prospects of the "altcoin season" – the period when altcoins grow stronger than Bitcoin. Although many investors are hopeful for a resurgence of altcoins, CZ believes that this phase has not truly begun, despite the growth of certain cryptocurrencies.

The Altcoin Index Has Not Yet Reached Threshold

In a conversation on the X platform, CZ responded to a question about when the altcoin season would emerge. He cited data from CoinMarketCap (CMC) to emphasize that the market has not yet reached this phase. Notably, CMC recently introduced the "Altcoin Season Index" to measure the performance of altcoins compared to Bitcoin over a 90-day period.