Based on the historical performance after each Bitcoin (BTC) halving, the cryptocurrency market has officially entered a macro bull run that will last until mid-2025.

After the impressive rally in the first quarter of 2024, when the market capitalization of the altcoin industry increased from $750 billion to about $1.2 trillion, more enthusiasts began to adjust their portfolios for the next phase. In addition, most altcoins have completed their respective market corrections and are ready to retest their all-time highs (ATHs), led by Ethereum (ETH).

According to a prominent cryptocurrency analyst, the next altcoin season will begin once ETH/BTC rebounds from multi-year lows. The weakening uptrend in Bitcoin dominance has driven Ethereum’s price rebound relative to Bitcoin. Additionally, demand for altcoins remains high amid high anticipation for a spot Ethereum ETF.

Notably, Hong Kong recently approved spot Bitcoin and Ethereum ETFs, which are expected to begin trading by the end of this month.

Top altcoins to watch

While the memecoin industry, led by DOGE and SHIB, remains the most popular altcoins, new crypto narratives have emerged with higher potential tokens. Some crypto narratives to keep an eye on include DePIN’s corresponding token and the RWA token.

(Personal opinion, not a recommendation)

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