Altcoins have taken a bigger hit than Bitcoin in the recent market pullback, with Ethereum, XRP, and BNB all slipping into the red.
However, analysts suggest this could be the final phase of correction before a major rally kicks off in January 2025, potentially pushing the altcoin market cap toward $2.75 trillion.
Renowned analyst Michaël van de Poppe believes Bitcoin and altcoins are nearing a bullish breakout, pointing to $90,000 as a prime Bitcoin entry. Bitcoin briefly dipped to around $91,300, then recovered above $94,000. Meanwhile, the Altcoin Season Index plummeted from 88 to 49 before showing some recovery, fueling hopes for a robust altseason next year.
Ethereum has underperformed Bitcoin this year, yet experts expect ETH to rebound in early 2025—possibly hitting a brief low under $3,000 first—and then making a strong run toward new highs. If the ETH/BTC ratio follows its previous breakout pattern, Ethereum’s value could surge between $10,600 and $32,000, depending on Bitcoin’s price trajectory.
A broader altseason may also bring gains for tokens like XRP, BNB, Solana, and Dogecoin. Analyst DeFiTracer cites a “golden cross” signal that could propel the total altcoin market cap to $2.75 trillion. If these predictions hold, January 2025 might mark the start of a major altcoin rally.
Pi Coin (Pi) has gone down by 43% in the past month and currently stands at 43% as selling pressure keeps mounting. Pi’s supply has been expanding ever since the token the mainnet was launched as users are now able to migrate their tokens and sell them via centralized exchanges (CEXs). This month alone, 200 […]
SharpLink Gaming has taken an aggressive leap into the crypto world by converting a significant portion of its capital reserves into Ethereum.
The amount of Solana (SOL) held on centralized exchanges has jumped to a two-week high, signaling increased selling pressure as the broader crypto market continues to lose steam.
Ethereum saw a sharp price drop today, falling by over 10% as fears of wider conflict in the Middle East unsettled global markets.