Altcoins are poised to have another substantial rally, but only a select few will reap the benefits, according to expert analysis. Real Vision’s chief crypto analyst, Jamie Coutts, indicates this may be the last notable upswing for some time. He believes certain altcoins with distinct utility and strong network activity could see profits from this rally.
Coutts has suggested network activity will guide traders’ decisions. Even though it remains uncertain how persistent the rally will be, he noted that high-quality altcoins with a resurgence of activity could see price recovery. Ethereum continues to hold the most substantial portion of total value locked (TVL), with a 55.56% share, followed by Solana, Bitcoin, BNB Smart Chain, and Tron.
The prediction is that a potential altcoin market rise will happen within the coming two months. Coutts stated that the resurgence would happen “by June”, assuming Bitcoin hits another peak by then. Coutts posited that Bitcoin’s value could spike before the second quarter ends, irrespective of possible ramifications related to US trade tariffs and recession fears.
Recently, blockchain network activity has seen dips amid a wider crypto market downturn, disrupting networks such as Solana. However, various indicators used to predict “altcoin season” suggest it’s not yet on the horizon. For instance, Capriole Investments’ Altcoin Speculation Index has plunged to 12%, and CoinMarketCap’s Altcoin Season Index also registers a low score of 14 out of 100, suggesting a Bitcoin-dominated market.
Notably, the concept of an altcoin season guided by Bitcoin’s market dominance may be outdated. As CryptoQuant CEO Ki Young Yu posits, trading volumes rather than Bitcoin dominance now define the commencement of an altcoin season.