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Home»ALTCOIN NEWS»According to trader Jason Pizzino, here’s when altcoin market caps will hit all-time highs:
ALTCOIN NEWS

According to trader Jason Pizzino, here’s when altcoin market caps will hit all-time highs:

By Crypto FlexsJune 19, 20242 Mins Read
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According to trader Jason Pizzino, here’s when altcoin market caps will hit all-time highs:
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A widely respected analyst is revealing a timeline for when the altcoin market could hit new all-time highs.

In a new strategy session, trader Jason Pizzino told his 329,000 YouTube subscribers that he’s taking a closer look at the TOTAL3 chart, which tracks the market capitalization of all cryptocurrency assets except Bitcoin (BTC), Ethereum (ETH) and stablecoins.

According to Pizzino, TOTAL3 witnessed a 26-month accumulation period during its last cycle from late 2018 to early 2021 before starting a parabolic surge.

Pizzino says TOTAL3 could reflect the same pattern this cycle and it could take several months to trigger a sharp uptrend.

“That would be around February, the first quarter (2025). If you’re looking at Q4 2024 – Q1 2025, I think there will probably be some pretty good movement toward new, fresh higher prices…

All these fears of a market decline will be forgotten by the fourth quarter. I’m going to throw my neck into the line here.”

Source: Jason Pizzino/YouTube

Looking at the trader’s charts, he appears to be predicting that the overall altcoin market cap will fall to a 50% Fibonacci level of around $400 billion before sparking a recovery and hitting an all-time high of over $1 trillion early next year.

As of this writing, TOTAL3 is worth $597 billion.

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