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.”
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.
Don’t miss a beat – subscribe to get email alerts delivered straight to your inbox
Check Price Action
follow us XFacebook, Telegram
Daily Hodl Mix Surfing
 
Disclaimer: Opinions expressed on The Daily Hodl do not constitute investment advice. Investors should do their due diligence before making high-risk investments in Bitcoin, cryptocurrencies, or digital assets. Please note that your transfers and transactions are entirely at your own risk and that you will be responsible for any losses you may incur. The Daily Hodl does not recommend the purchase or sale of any cryptocurrency or digital asset, and The Daily Hodl is not investment advice. The Daily Hodl engages in affiliate marketing.
Image created: DALLE3