• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Opportunities for Altcoin Growth in 2024

user avatar

by Giorgi Kostiuk

4 months ago


Analyst Kevin Svenson shares his predictions about the future of altcoins, highlighting potential market growth following the Bitcoin halving in 2024.

Big Opportunities Await for Altcoins

Kevin Svenson warns that the most profitable period for altcoins has not yet begun. He predicts significant upward movement on the TOTAL3 chart, which tracks the market capitalization of all cryptocurrencies excluding Bitcoin, Ethereum, and stablecoins. In the last cycle, TOTAL3 soared by 170% after breaking its all-time high. Svenson believes the market cap could reach up to $2 trillion this cycle, compared to the current $98 billion.

Decline in Bitcoin’s Dominance

Svenson anticipates a decline in Bitcoin's market dominance, suggesting that altcoins will take over market leadership. He explains that about 40 weeks after the Bitcoin block reward halving, Bitcoin's market dominance begins to decrease rapidly, allowing altcoins to seize the lead.

Prospects for Altcoin Growth

The analyst predicts a potential drop in BTC.D to 42% within the next six months. Svenson believes this could shift more investor interest towards altcoins, making the market more lucrative. He emphasizes the importance of monitoring the TOTAL3 chart, which he thinks will indicate significant market movements with the rise of altcoins.

Svenson's analysis offers a fresh perspective on the future potential of altcoins, but these predictions should be considered as informative insights.

0

Share

Other news

U.S. Financial Stability Risks: Fed Report Highlights Trade Tensions and Policy Issues

The Fed's report outlines main risks to financial stability, including trade tensions and policy uncertainties in the U.S.

user avatarGiorgi Kostiuk

a few seconds ago

Haven1: From Success to Drop – Token $H1 Situation Analysis

The launch of Haven1 led to a token price drop. Analysis of causes and future predictions.

user avatarGiorgi Kostiuk

18 minutes ago

BTC Bull Token and Solaxy - A Press Release on Promising Projects

BTC Bull Token and Solaxy stand out in the presale market, showcasing significant potential through innovative ideas and investor support.

user avatarGiorgi Kostiuk

20 minutes ago

Peter Schiff Changes His Mind on Bitcoin and Requests Donations

Economist Peter Schiff, known for criticizing Bitcoin, is now asking his followers for cryptocurrency donations.

user avatarGiorgi Kostiuk

20 minutes ago

Dinner with Trump and the Impact of Memecoin on the Crypto Market

The Trump memecoin becomes a focal point after the announcement of a dinner with the main token holders.

user avatarGiorgi Kostiuk

21 minutes ago

BTC Bull Token and Solaxy: New Projects in the Crypto Market

BTC Bull Token and Solaxy capture investor attention, showcasing potential and significant achievements during the presale stage.

user avatarGiorgi Kostiuk

38 minutes ago

dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.