📌CZ recently shared a simple way to determine Altcoin Season based on the Altcoin Season index from CoinMarketCap. According to him, if this index reaches 50 or above, it could be a positive signal for the altcoin market.
However, the response from the Binance community has been quite mixed. Some people agree with this assessment and believe it is a simple way to track market cycles. Meanwhile, others express skepticism, arguing that this index is just a reference and does not reflect the entire trend.
Currently, the Altcoin Season index on CoinMarketCap is at 14/100. So, in your opinion, is this an effective way to determine altcoin season?
#CZ #crypto #altcoinseason
However, the response from the Binance community has been quite mixed. Some people agree with this assessment and believe it is a simple way to track market cycles. Meanwhile, others express skepticism, arguing that this index is just a reference and does not reflect the entire trend.
Currently, the Altcoin Season index on CoinMarketCap is at 14/100. So, in your opinion, is this an effective way to determine altcoin season?
#CZ #crypto #altcoinseason
