Altcoin Rally : Analyst Predicts Major Alt-Season in Q4 Reaching $1.4 Trillion Market Cap
The post Altcoin Rally : Analyst Predicts Major Alt-Season in Q4 Reaching $1.4 Trillion Market Cap appeared first on Coinpedia Fintech News
The excitement surrounding altcoins is reaching new heights, with just six months until the next Bitcoin halving, a potential catalyst for a crypto bull run. After enduring the worst of bear market incidents, including the collapse of FTX and Alameda Research and the SEC’s ruling against Ripple, crypto investors are now looking forward to the success of the most promising altcoin projects in the years ahead.
This optimism is further fueled by the growing mainstream adoption of blockchain technology and digital assets, driven by institutional investors seeking refuge from the high inflation rates in traditional fiat currency markets.
HODLERS Never Surrender
#Bitcoin has likely bottomed, but not out of the Woods yet. We're in the Accumulation phase, and it demands Patience and Courage.
Most of the #Altcoins on the Higher timeframe chart are poised for a breakthrough. I believe Q4 will Bullish for alts.… pic.twitter.com/GVFYSqm283
— Captain Faibik (@CryptoFaibik) September 20, 2023
Captain Faibik, a respected crypto technical analyst, has provided a timeline for what he dubs “Altseason.” According to analyst, holders of altcoins can expect a handsome reward in the coming months. He believes that after a year of horizontal consolidation, the altcoin market is poised for a bullish breakout. At the same time, Bitcoin’s price remains trapped in a similar consolidation phase following an impressive first-half-of-the-year rally.
His analysis extends to the total altcoin market capitalization, excluding Ethereum (ETH), which he predicts could surge from approximately $327 billion to an astonishing $1.4 trillion. With this optimistic outlook, He advises investors to accumulate their holdings wisely and exercise patience, as the breakout may occur as soon as the fourth quarter of 2023.
As we approach the end of the most bearish month leading up to the Bitcoin halving, the crypto community anticipates the onset of what is affectionately known as “Uptober,” a generally bullish period. Additionally, the future trend in Bitcoin dominance is expected to play a pivotal role in shaping the dynamics of the upcoming altcoin season.
