Altcoin investors are watching the markets closely as several analysts predict a significant reversal is imminent.
Altcoin Market Reacts to Geopolitical Situation
The recent correction in the crypto market has been attributed to rising geopolitical tensions, particularly the Iran-Israel conflict. Analysts like Atlas compare the current scenario to the market crash of March 2020 amid the COVID-19 pandemic. Atlas asserts that the market is in a full-resetting phase, similar to the short but violent sell-off of 2020.
July 1: Historical Date for Altseason
Analyst DefiWimar emphasizes that July 1 has been a significant date for altcoin market ignition in both 2017 and 2021. He notes that the current market structure is poised to replicate these cycles, with the 2025 altseason possibly starting in less than two weeks. Wimar's analysis suggests that the altcoin market cap could reach $15 trillion during this cycle.
Expectations for Altseason III After Accumulation Phase
Analyst Shahnawaz offers a macro view of altcoin history, predicting a third altseason. He highlights that the current market condition is shifting from an accumulation phase to possible significant price surges. Shahnawaz connects this potential rise to the resolution of the ongoing conflict, arguing that the existing volatile conditions will create one of the largest bases for future growth.
If historical patterns repeat, investors may be on the brink of a new altcoin surge, with analysts predicting that it may begin in the coming weeks.