Altcoin Boom: Expert Predicts $1.4 Trillion Market Cap With Bitcoin At $130,000
As the cryptocurrency market rises, altcoins have taken center stage as Bitcoin (BTC) consolidates below its recent record high of $99,540.
The move has caused capital rotation into altcoins like Cardano (ADA) and XRP, which have outperformed several of the top 10 cryptocurrencies in the previous month.
These whales have collected $1.6 billion in Bitcoin in the previous three to five weeks, according to his study. Retail traders are hoarding USDT as they panic-sell without reason.
Doctor Profit also noticed that Ethereum (ETH) is “undervalued” and rising on its market value to realized value (MVRV) chart.
Ethereum ETFs exceeded Bitcoin ETFs for the first time this month with 245,000 ETH in inflows, signifying a shift in institutional interest.
Bitwise and Canaray Capital have filed S-1s for index funds to invest in Solana, Litecoin, XRP, and Hedera, suggesting the market is pricing in a 2025 altcoin-focused ETF debut.
Bitcoin To Reach $130,000 2025
Doctor Profit said the market is entering “altcoin season” after stagnation. He expects the XRP ETF, said to be established by BlackRock and JPMorgan, to boost altcoin interest.
Doctor Profit stresses the Bitcoin-altcoin market cap ratio while analyzing market dynamics. A dip in this ratio has predicted Bitcoin market corrections in the past.
Bitcoin had a market size of $1.2 trillion in April 2021, while altcoins were worth $984 billion, a healthier 50% ratio. Bitcoin suffered significant corrections when this ratio dropped to 20% and then 18%.
The altcoin market is 95% undervalued compared to Bitcoin. Doctor Profit thinks Bitcoin is overvaluing the altcoin market, which is good for both sectors.
The analyst expects altcoin ETFs will boost the market value to $1.4 trillion by Q1 2025, while Bitcoin might hit $130,000.
XRP, the third biggest digital asset on the market, is trading at $2.73, approaching $152 billion in market value
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