Analyst Predicts Major Altcoin Surge After Bitcoin’s Post-Halving Cycle

Crypto analyst Kevin Svenson is predicting that the most explosive phase for altcoins in this market cycle is yet to come.

Svenson noted that historical trends suggest a potential breakout for the TOTAL3 chart, which tracks the market cap of all cryptocurrencies excluding Bitcoin, Ethereum, and stablecoins.

Svenson pointed out that during the 2021 cycle, as Bitcoin’s price stabilized, the TOTAL3 market saw significant gains. He expects a similar shift in the current cycle, particularly around the 40th week after the halving event in April 2024. This would place the expected surge in altcoin prices around late January 2025.

According to Svenson, while the altcoin market has yet to break its all-time highs, it’s poised for substantial growth.

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He suggests the TOTAL3 market cap could climb to as high as $2 trillion, up from the current $982.2 billion, driven by a strong altcoin rally. He also believes Bitcoin’s dominance will begin to decrease after the 40th week, with altcoins gaining traction and market share. He forecasts that Bitcoin’s dominance, currently sitting at 42%, could drop further in the coming months.

Alexander Stefanov

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.