In a week that set off dizzying highs for the cryptocurrency market, as the overall values went up by 5.9%, and trading saw an incredible 65.4% rise from the previous week. Now, all eyes are on altcoins. Experts foresee promising times ahead for altcoins.
According to data by Santiment, moving into altcoins during periods of price gains—especially upticks—is often classified as greed. This sentiment was further echoed by analysts such as Stockmoney Lizards, who took to the X platform to share insights into potential alternative cryptocurrency trajectories based on historical patterns and Fibonacci trends.
Stockmoney Lizards pointed out that in the previous cycles, the last peak coincided with the 3.618 Fibonacci trend, and the valuation reached a mind-boggling $1.7 trillion. By drawing comparisons to historical cycles, the analyst forecasted the new peak to rise up to 6.8 trillion, signaling a very sharp increase in alt-coin valuations. This is expected to trigger another altcoin season, which will get its momentum from Bitcoin’s halving—a development that has been historically seen in 2012 and 2016.
Altcoin Breakouts and Investment Strategy
These views are supported by other leading influential voices in the crypto space, such as the enigmatic analyst Mags, who a few days ago took to X to announce that the breakout of the Altcoin MarketCap from the Massive Wyckoff Accumulation phase was already on the way. With prices consolidating above the breakout point, Mags foresees an imminent explosive move in the market.
Mags confidently admitted that he had adjusted his investment strategy to get more exposure in mid-cap to low-cap altcoins and is confident regarding the bullish trend. Mags highlighted that the potential for a huge upside over the next 12-18 months should at least get an investor to consider taking some exposure to alternative cryptocurrencies while keeping a generous holding of Bitcoin.
However, even amid all the hype about altcoins, analysts warn that the success of such projects will not be uniform. While some alternative cryptocurrencies can grow into multiples of their earlier price, others can underperform, and that’s where smart investment decisions can make or break one’s portfolio.
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