Altcoins often demonstrate strength during bull cycles; however, the current market situation raises doubts among many traders. Analysts from CryptoQuant believe that there is still hope for profits from altcoins.
Altcoins and Bitcoin Market
Unlike previous cycles, where Bitcoin's rise was accompanied by a decrease in mid-to-long-term holding volumes, this cycle has seen a consistent increase in these volumes with every new BTC peak. This indicates that short-term corrections in Bitcoin adversely impact altcoins.
Hope for Altcoin Rally
Despite the current bull cycle nearing its end, some analysts like Crypto Dan insist that altcoins' positions may change. He emphasized that since previous altcoin rallies coincided with sharp increases in BTC, the next Bitcoin move should be closely observed.
Potential of Altcoins in the Future
There are opinions that the upcoming altseason could surpass all previous ones, including that of 2021. However, it is necessary to recognize that not all assets will rise; only selected tokens will attract significant liquidity and thus, profit.
Based on analysts' predictions, it can be concluded that the altcoin market still holds potential. However, investors should be cautious and monitor market dynamics, especially regarding Bitcoin's movements.
