Altcoin Rally Coming in August? History Says 10x Gains Are Possible
Main Idea
The crypto market is experiencing a slight dip, but analysts anticipate a potential breakout, with Ethereum and altcoins expected to outperform Bitcoin soon, possibly leading into an altcoin season.
Key Points
1. Bitcoin's price has slipped below $119,000, and Ethereum is hovering just under $3,800, indicating a cooling market.
2. Analysts suggest this dip may precede a significant breakout, with Ethereum and altcoins holding the most explosive upside potential.
3. Historically, 80% of returns occur in the final 20% of the cycle, and Ethereum is seen as catching up after Bitcoin's rally.
4. A potential altcoin season could be triggered if Bitcoin reaches $140K to $160K, with Ethereum and other altcoins benefiting.
5. Low-cap altcoins, particularly those in the Ethereum and Solana ecosystems, meme coins, and reflexive tokens, are expected to perform well, possibly mirroring the 200x to 250x gains seen in 2021.
Description
The post Altcoin Rally Coming in August? History Says 10x Gains Are Possible appeared first on Coinpedia Fintech News The crypto market is cooling off slightly today , with the Bitcoin price slipping below $119,000 and Ethereum hovering just under $3,800. Despite this dip, analysts believe this may just be the calm before the next big breakout, and a potential altcoin season could be right around the corner. Ethereum and Altcoins Could Outperform Soon Top crypto analyst Miles Deutscher says this...
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