Real Vision analyst Jamie Coutts suggested the possibility of a final rally for altcoins, highlighting the significance of network activity and asset quality.
Rise of Altcoins: Expectations and Realities
In a recent livestream with Real Vision's co-founder, Jamie Coutts mentioned that altcoins may experience another rise this year. He believes that key drivers for a revival will be high-utility assets that will see increased demand as adoption grows. He anticipates that by June, altcoins should start experiencing significant upward movement.
Impact of Volume on Altcoin Season
The first quarter of this year was marked by optimism for an altcoin season, yet altcoins declined alongside bitcoin's price drop. Analysts, including Coutts, emphasize that trading volumes will define the next altcoin season rather than just price increases.
Market Prospects for Cryptocurrencies
Coutts also mentioned that altcoins could benefit from a future rally in bitcoin expected in mid-2025. In 2023, the cryptocurrency market faced challenges, with bitcoin's price down over 22% from its all-time high of $111,000. Nevertheless, some altcoins might post 50% gains, but traders advise caution amid volatility.
Analysts continue to monitor the cryptocurrency market, forecasting that upcoming changes in trading volumes and network activity could be catalysts for altcoins.
