According to the analyst, Altcoins may have the last rally in this cycle, but only those with actual utilities and powerful network activities will increase prices.
Crypto analyst Jamie Coutts of Real Vision said to Raoul PAL, co -founder of Real Vision in April 3 x LiveStream, “There will be a wide thrust in Altcoins.
Network activities will be ‘North Star’ in how to trade encryption.
Coutts said, “I am not sure at this stage, but I think that the price of altcoin is returned to the price.
Cointelegraph reported that more than 36 million Altcoin exists in January. However, according to Coingecko data, Ethereum still has a market share of 55.56%of the total value lock (TVL), followed by Solana (6.89%), Bitcoin (5.77%), BNB Smart Chain (5.68%) and TRON (5.54%).
Coutts added that the Altcoin market rises in the next two months by using it as a “North Star” on how the network activity watches the “gravity” and trades with encryption.
“I expect Altcoins to actually start again by June. I assumed that Bitcoin has returned to an all -time high until that time.”
On March 28, Coutts told Cointelegraph that Bitcoin could reach a record high before the end of the second quarter, regardless of whether there is a more clear clarity on US President Donald Trump’s tariffs and potential recession issues.
The total market cap has decreased by about 8% over the last 30 days. source: Coinmarketcap
Overall, blockchain network activities have recently experienced a sharp decline in a wider cryptographic market. On February 21, COINTELEGRAPH fell to 9.5 million active addresses in Solana (SOL) networks in February, and in November 2024, it decreased almost 40% from 15.6 million active addresses.
Altcoin indicator blinks in red
On the other hand, some of the main indicators used to determine the Altcoin season, where the encryption industry comes in, is still noticeable.
According to CoinmarketCAP data, Altcoin Presulation Index of Capriole Investments has been 12%, down 53% since December 25, and Ether has fallen from $ 3,490 to 49%.
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CoinmarketCap’s Altcoin Season Index, which measures the top 100 cryptocurrencies for Bitcoin’s performance over the past 90 days, is referred to as “Bitcoin Season” by reading 14 out of 100 and leaning against Bitcoin’s dominant market.
Altcoin Season Index Chart is sitting at the age of 14 at the time of publication. source: Coinmarketcap
However, Bitcoin dominion, which is a level of recovery to announce the Altcoin season, has reached 62.84%, but some analysts argue that it is no longer related to the signal of the Altcoin season.
Cryptoquant CEO KI YOUNG YU recently said that Bitcoin’s dominance is “no longer defined Altseason -trading volume is so.”
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This article does not include investment advice or recommendation. All investment and trading measures include risks, and the reader must do his own research when making a decision.