CZ Hints at “Altcoin Season” as ASI Exceeds 75
Key Points:
- Binance’s CZ hints at Altcoin Season with cryptic “Alt key” post as index reaches 81.
- Over 75% of top 100 altcoins outperform Bitcoin, with PNUT leading at 2,309% growth.
CZ’s cryptic “Alt” key post hints at Altcoin Season, with ASI at 81 showing altcoin dominance. Top performers include PNUT (2,309%), HBAR (601%), and XLM (490%).
Changpeng Zhao (CZ), Binance’s founder, recently shared a cryptic post, “Which key is available on Windows and Linux, but not on Mac?” accompanied by an image of the “Alt” key.
The playful post seems to hint at the arrival of Altcoin Season, a period where altcoins outperform Bitcoin. Coincidentally, the Altcoin Season Index currently stands at 81, firmly signalling altcoin dominance in the cryptocurrency market.
Fast Check
On this day last year, CZ also hinted at Altcoin Season, coinciding with Jim Cramer’s bearish outlook on altcoins. As in 2023, CZ’s timing and playful remarks have sparked widespread attention in the crypto community.
Although the previous Altcoin seasons depended on Bitcoin-to-altcoin movements, this year has changed. According to CryptoQuant CEO Ki Young Ju, trading volumes between altcoins and stablecoins/fiat now better indicate market direction. For example, XRP and Solana approach record highs despite low Bitcoin trading pairs, backed by increased stablecoin activity.
While altcoins perform well, they need more capital to reach previous market value highs. Stablecoins have emerged as key drivers of altcoin trends, reflecting a more mature market with stable trading patterns.
Altcoin Season Index Highlights
The Altcoin Season Index (ASI) measures market performance, with scores above 75 indicating an Altcoin Season. Here’s the progression:
- Current Index: 81 (Dec 3, 2024)
- Yesterday’s Index: 77
- One Week Ago: 52
- One Month Ago: 28
The surge in the ASI reflects investors’ growing preference for altcoins, with over 75% of the top 100 altcoins outperforming Bitcoin in the past 90 days. Notably, the index has neared its yearly high of 83, recorded earlier today.
Read more: Bitcoin Bull Run Stalls Below $100K as Markets Rebalance
Top Performers: 90-Day Analysis
Top 10 Coins Performance Over 90 Days, as per CoinMarketCap data.
| Rank | Cryptocurrency | 90-Day Growth (%) | Latest Price (USD) |
|---|---|---|---|
| 1 | PNUT | 2,309.82% | $1.27 |
| 2 | HBAR (Hedera) | 601.16% | $0.34 |
| 3 | XLM (Stellar Lumens) | 490.24% | $0.53 |
| 4 | XRP (Ripple) | 369.56% | $0.84 |
| 5 | ALGO (Algorand) | 354.12% | $0.27 |
| 6 | SUI | 342.73% | $3.54 |
| 7 | DOGE (Dogecoin) | 331.96% | $0.42 |
| 8 | IOTA | 295.39% | $0.17 |
| 9 | ADA (Cardano) | 293.05% | $1.27 |
| 10 | ENA | 283.38% | $0.8284 |
| DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
Author
Key Points:
- Binance’s CZ hints at Altcoin Season with cryptic “Alt key” post as index reaches 81.
- Over 75% of top 100 altcoins outperform Bitcoin, with PNUT leading at 2,309% growth.
CZ’s cryptic “Alt” key post hints at Altcoin Season, with ASI at 81 showing altcoin dominance. Top performers include PNUT (2,309%), HBAR (601%), and XLM (490%).
Changpeng Zhao (CZ), Binance’s founder, recently shared a cryptic post, “Which key is available on Windows and Linux, but not on Mac?” accompanied by an image of the “Alt” key.
The playful post seems to hint at the arrival of Altcoin Season, a period where altcoins outperform Bitcoin. Coincidentally, the Altcoin Season Index currently stands at 81, firmly signalling altcoin dominance in the cryptocurrency market.
Fast Check
On this day last year, CZ also hinted at Altcoin Season, coinciding with Jim Cramer’s bearish outlook on altcoins. As in 2023, CZ’s timing and playful remarks have sparked widespread attention in the crypto community.
Although the previous Altcoin seasons depended on Bitcoin-to-altcoin movements, this year has changed. According to CryptoQuant CEO Ki Young Ju, trading volumes between altcoins and stablecoins/fiat now better indicate market direction. For example, XRP and Solana approach record highs despite low Bitcoin trading pairs, backed by increased stablecoin activity.
While altcoins perform well, they need more capital to reach previous market value highs. Stablecoins have emerged as key drivers of altcoin trends, reflecting a more mature market with stable trading patterns.
Altcoin Season Index Highlights
The Altcoin Season Index (ASI) measures market performance, with scores above 75 indicating an Altcoin Season. Here’s the progression:
- Current Index: 81 (Dec 3, 2024)
- Yesterday’s Index: 77
- One Week Ago: 52
- One Month Ago: 28
The surge in the ASI reflects investors’ growing preference for altcoins, with over 75% of the top 100 altcoins outperforming Bitcoin in the past 90 days. Notably, the index has neared its yearly high of 83, recorded earlier today.
Read more: Bitcoin Bull Run Stalls Below $100K as Markets Rebalance
Top Performers: 90-Day Analysis
Top 10 Coins Performance Over 90 Days, as per CoinMarketCap data.
| Rank | Cryptocurrency | 90-Day Growth (%) | Latest Price (USD) |
|---|---|---|---|
| 1 | PNUT | 2,309.82% | $1.27 |
| 2 | HBAR (Hedera) | 601.16% | $0.34 |
| 3 | XLM (Stellar Lumens) | 490.24% | $0.53 |
| 4 | XRP (Ripple) | 369.56% | $0.84 |
| 5 | ALGO (Algorand) | 354.12% | $0.27 |
| 6 | SUI | 342.73% | $3.54 |
| 7 | DOGE (Dogecoin) | 331.96% | $0.42 |
| 8 | IOTA | 295.39% | $0.17 |
| 9 | ADA (Cardano) | 293.05% | $1.27 |
| 10 | ENA | 283.38% | $0.8284 |
| DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
Other Posts
Related Posts
Latest
BlockDAG Unveils New Purchase Bonuses & Mystery Surprises! Spotlight on Aptos Growth & XRP Strategy
Fast-Track Your Profits: Best Meme Coins to Join for Short Term with BTFD Coin’s Presale, Popcat’s Potential, and Neiro’s Charm
Press Release
BlockDAG Unveils New Purchase Bonuses & Mystery Surprises! Spotlight on Aptos Growth & XRP Strategy
Fast-Track Your Profits: Best Meme Coins to Join for Short Term with BTFD Coin’s Presale, Popcat’s Potential, and Neiro’s Charm
