Binance CEO: 95% of Crypto Projects Are Unlikely to “Pump” This Cycle

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Crypto altcoins have ignored Bitcoin’s inability to rally over recent weeks. Take the chart below, which shows that BTC has strongly underperformed some of the leading cryptocurrencies since the start of June. Bitcoin vs. altcoins (Chainlink, Cardano, Dogecoin, Ethereum) since the start of June. Chart from TradingView.com With the recent outperformance of altcoins, a select group of traders is expecting an “altseason.” The head technical analyst at crypto research firm Blockfyre commented: “There are people that don’t believe it’s #altseason. Look at $DOGE. Look at $BTC Dominance. 3 year trend broken + Macro LH and LL for the first time in 900+ Days. Look at retail on Robin Hood and Tik Tok. Get ready. 2017 rehash is on it’s way. More and more interest is coming.” An altcoin season is when altcoins across the industry rally by hundreds of percent to strong outperform Bitcoin. The last such altseason was in…

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