Altcoin Market May Be on the Verge of Major Rally, Analyst Suggests

A well-followed crypto analyst known for his accurate Bitcoin predictions is now turning his focus to the broader altcoin sector, signaling that a significant move could be brewing beneath the surface.

In his latest market analysis, Kevin Svenson directed attention to the “OTHERS” chart—a lesser-known metric that tracks the total market capitalization of all cryptocurrencies outside the top 10 and excluding stablecoins. Traders often use this chart to assess momentum across low- and mid-cap altcoins, and Svenson believes its current structure could be hinting at a repeat of a previous breakout pattern.

Looking at historical behavior, the OTHERS chart underwent a period of decline in 2024 before staging a sharp recovery. According to Svenson’s analysis, the current market structure bears a strong resemblance to that setup, suggesting a similar parabolic rise might be on the horizon.

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The previous surge, he notes, was largely driven by a synchronized breakout in both Bitcoin and the S&P 500, which helped ignite a flood of capital into smaller-cap tokens. Bitcoin has recently achieved a new all-time high, but the S&P 500 has yet to follow. If both break out together, Svenson believes it would recreate the perfect conditions for a powerful altcoin rally—potentially pushing the combined valuation of the altcoin segment to around $570 billion.

For now, the analyst is watching closely to see whether traditional markets align with crypto. If they do, he anticipates a strong upward move in the altcoin space, similar to the surge seen late last year.

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.