Final Altcoin Surge? Analysts Weigh In on Ether, XRP, SOL, ADA, and More!
altcoin Market Poised for a Potential Surge: Insights from Jamie Coutts
Anticipating a Final altcoin Rally
Jamie Coutts, Chief Crypto Analyst at Real Vision, has forecasted a significant rally for altcoins as the market navigates through recent downturns. Following a dip that erased previous gains, Coutts emphasizes the potential for a recovery in the coming months, supported by various metrics indicating a rebound for altcoins despite current challenges.
High-Utility Altcoins Expected to Dominate
In a recent discussion with Real Vision’s co-founder, Coutts underscored the likelihood of a resurgence in altcoins this year. He believes that a final surge is on the horizon, led by high-utility assets that are witnessing increased network activity. As adoption rates rise, these coins are expected to take the lead.
Coutts noted that decentralized finance (DeFi) is contributing to higher trading volumes across the board. While numerous altcoins exist, Ethereum commands a significant share, representing 55% of the total value locked in altcoins. Other notable players include Solana, BNB, and Tron, accounting for 6.89%, 5.69%, and 5.2%, respectively.
“I anticipate one more significant push from altcoins. The key question remains whether this rally will be sustained over the next six to twelve months. At this moment, I’m uncertain, but I am optimistic about quality altcoins where renewed activity can drive prices upward. I expect to see altcoins gaining traction by June,” Coutts remarked.
He also pointed out that altcoins could benefit from a similar upward trend in Bitcoin expected around mid-2025. The current year has posed challenges for the crypto market, with Bitcoin’s price down over 22% from its peak of $111,000. A market recovery could enable several altcoins to achieve gains of up to 50%. However, traders are advised to remain cautious given the prevailing volatility.
Volume as the Key Indicator for altcoin Season
The first quarter of this year sparked optimism for an altcoin season, characterized by a decline in Bitcoin’s dominance. Despite rising expectations, altcoins have faced declines alongside Bitcoin, dampening overall sentiment. Analysts, including Coutts, have highlighted that trading volumes will be a more critical factor in determining the next altcoin season than mere price increases.
Ki Young Ju, CEO of CryptoQuant, noted that the altcoin season has commenced with select assets benefiting from new liquidity. He emphasized that digital assets with institutional interest and robust trading volumes are likely to see significant gains, while some may continue to trade sideways for the time being.
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