Responding sarcastically to CNBC host Jim Cramer’s bearish outlook on altcoins, known for his anti-crypto views, former CEO of Binance Changpeng Zhao took to social media to declare that an “altcoin season” had begun.
This statement appears to have been made as a post mocking Cramer’s latest advice for investors. While Cramer warned against altcoins, he also shared a post recommending purchasing Bitcoin.
According to CoinGecko data, many altcoins continue to lag behind Bitcoin’s recent gains. Ethereum (ETH), the second-largest cryptocurrency by market cap, traded at $2,248, recording a 4.6% increase last week.
BNB, Binance’s native token, remained almost stable at its current price of $229.63. Other major altcoins such as XRP, Solana (SOL), and Cardano (ADA) also posted slight gains, but none came close to Bitcoin’s 5.7% gain in the same time frame.
Dogecoin (DOGE) was the only asset that managed to outperform BTC in the last 24 hours.
The “Mad Money” host has frequently been at odds with the crypto community, especially recently with his advice to avoid altcoins in favor of Bitcoin. This stance drew ridicule from some crypto enthusiasts, and some even chose to countertrade based on his predictions.
However, Cramer had previously Binance It is important to recognize that he warned of potential problems with
As Koinfinans.com reported, CZ resigned as CEO of Binance, the world’s largest cryptocurrency exchange, due to accusations related to US anti-money laundering regulations.