Billionaire Binance Founder Says ‘FOMO Season Soon’ as Altcoin Index Starts Ticking Up

Key Points

1. CZ highlighted the Altcoin Season Index's upward trend, currently at 51 (up from 16 a month ago), but it needs to reach 75+ to confirm an 'Altcoin Season.'

2. The index tracks whether altcoins outperform Bitcoin over 90 days; recent momentum shows altcoins like Ethereum (+110%), BONK (+148.7%), and FLOKI (+119.1%) surging.

3. Some lower-cap altcoins (e.g., PENGU, M) have gained over 500% in 90 days, but Bitcoin dominance remains high at 61%.

4. Market observers note that key bull market indicators (e.g., Puell, MVRV Z-Score) haven't triggered yet, suggesting the altcoin season may not have fully begun.

5. The total crypto market cap has grown from $3 trillion to $3.8 trillion, reflecting increased liquidity and interest.