Economist and investor Raoul Pal, founder of the Real Vision platform, has provided an optimistic forecast for cryptocurrencies, highlighting an indicator of altcoin capitalization.
Raoul Pal's Forecast for Altcoins
TOTAL3, a metric for cryptocurrency market capitalization excluding Bitcoin (BTC) and Ethereum (ETH), shows a bullish pattern. Raoul Pal stated in a tweet that the breakout can be massive and that "the big game is yet to be played."
Ethereum and Its Records
On August 22, 2025, Ethereum (ETH), the largest altcoin, set a new all-time high of $4,889. This may signal the start of an altcoin season, with ETH's price close to historical highs.
Current State of the Altcoin Market
As of now, Ethereum's price has slightly retraced to $4,721 with a trading volume of $73 billion. The altcoin market may be on the verge of a growth season, as both BNB and Solana (SOL) are gearing up for new records.
Raoul Pal's forecasts and those of other analysts indicate a possible breakout in altcoin capitalization, which could significantly affect the market in the coming months.
