Not all altcoins will partake in the impending rally, with only those possessing genuine utility and vigorous network activity likely to witness an upswing in their prices, says crypto analyst.
“I anticipate one more significant surge from altcoins. However, whether this rally will persist for six to twelve months remains uncertain,” expressed chief crypto analyst at Real Vision, Jamie Coutts, during a livestream on April 3rd.
For Coutts, network activity will serve as the guiding light, or “north star,” in crypto trading decisions. He remains optimistic that altcoins with a resurgence in activity will undoubtedly see a price recovery.
As reported by Cointelegraph in January, there were more than 36 million altcoins in existence. Despite the numbers, Ethereum continues to dominate the total value locked (TVL) with 55.56%, followed by Solana (6.89%), Bitcoin (5.77%), BNB Smart Chain (5.68%), and Tron (5.54%), according to CoinGecko.
Coutts advised traders to monitor areas where network activity is concentrated and use this as their trading compass. He predicts an altcoin market resurgence within the next two months, hinging on Bitcoin reclaiming its all-time highs.
Despite a recent downturn in the crypto market, reflected in sharp declines in blockchain network activity across the board, Coutts remains optimistic. He believes Bitcoin could reach all-time highs by the end of Q2, irrespective of the uncertainty surrounding US President Donald Trump’s tariffs and potential recession worries.
Several critical indicators used by the crypto industry to forecast an impending altcoin season suggest it’s far from imminent. Capriole Investments’ Altcoin Speculation Index dropped to 12%, a 53% decrease since Dec. 25, during which Ether fell 49% from $3,490, as per CoinMarketCap.
CoinMarketCap’s Altcoin Season Index, which gauges the top 100 cryptocurrencies against Bitcoin’s performance over the past 90 days, is currently at 14 out of 100, indicating a more Bitcoin-focused market.
Although Bitcoin dominance stands at 62.84%, often viewed as a retracement signal for an altcoin season, some analysts assert it’s no longer a reliable indicator for altcoin season. CryptoQuant CEO Ki Young Yu recently stated that Bitcoin Dominance “no longer defines altseason — trading volume does.”
This article does not offer investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
