A widely followed crypto analyst, known for accurately predicting last year’s pre-halving Bitcoin correction, suggests that altcoins are poised for significant rallies and may soon outperform Bitcoin.
The pseudonymous analyst Rekt Capital believes the current lack of attention on altcoins signals a potential turning point.
Rekt Capital argues that the prevailing bearish sentiment is creating ideal conditions for altcoins to surge, catching many traders off guard.
Reflecting on past trends, the analyst notes that February has been a strong month for altcoins in the past two years, speculating that 2025 could follow the same pattern.
They suggest that altcoins are currently in their “lowest hype” phase, offering prime opportunities for entry before potential peaks in April.
Focusing on Solana, Rekt Capital highlights its recent momentum, noting that SOL has reclaimed a key re-accumulation range and is now testing its ability to turn resistance at $250 into support. According to the analyst, a weekly close above $250, followed by a successful retest, could confirm a breakout and signal further upside for the asset.
Ethereum’s blockchain underwent a significant shift on September 15, 2022, moving from a proof-of-work (PoW) security model to proof-of-stake (PoS).
Changpeng Zhao, the founder of Binance, recently sparked a wave of speculation in the crypto community after hinting at the possibility of burning all the altcoins in his public wallet.
Nasdaq has filed a request with the U.S. Securities and Exchange Commission (SEC) to obtain approval for the listing of Grayscale Investments’ Avalanche exchange-traded fund (ETF).
Crypto analyst and trader Ali Martinez has expressed a bearish outlook on Solana (SOL), which is currently trading about 53% below its peak value from January.