Changpeng Zhao highlights the Altcoin Season Index's rise, suggesting a potential FOMO-driven rally as Bitcoin's dominance declines.
Binance founder Changpeng Zhao has noted that the Altcoin Season Index has climbed to 51, up from 16 last month, signaling a potential altcoin rally. Ethereum and meme coins are leading gains, reflecting historical patterns where altcoins outperform Bitcoin. Bitcoin's dominance has dropped to under 61%, indicating a shift in trader focus toward altcoins.