Crypto analysts predict that the altcoin rally is still in its early stages and that price increases will continue.
The crypto market continues to see bullish momentum. After the impressive gains of XLM and XRP, all eyes are on major altcoins. VeChain (VET), IOTA (IOTA), Hedera (HBAR), and Ondo (ONDO) have all gained over 40% in the past 24 hours.
The potential selling points of altcoins, which have been rising since November, pose a significant question mark for investors. However, crypto analysts state that this bullish cycle has not yet reached its peak.
MN Consultancy founder Michael van de Poppe excited his followers with a post he made on X. Poppe stated that he found the "Bitcoin Bull-Bear Market Cycle" chart great. Crypto analyst Mikybull Crypto also made a remarkable post about the altcoin bull.
Analysts who predict that the altcoin bull will continue are expecting more increases in this process. Michael van de Poppe shared CryptoQuant’s “Bitcoin Bull-Bear Market Cycle” indicator, emphasizing that this indicator points to a potential rally. Poppe stated that the bull cycle that started with Bitcoin has entered a new phase and that XRP’s impressive rally has carried the bull market to altcoins. “We’ve only just begun,” Poppe said, adding:
"This bull market is far from over. It started recently and ignited the XRP bull trend. I expect similar uptrends to occur in altcoins."
The analyst also predicted that the crypto market could increase in value by 10 times in the coming year.
The chart shared by Mikybull Crypto attracted great attention. It was seen in the chart that altcoins started to stand out and the crypto market exceeded 75 points, which means "Altcoin Season". The analyst stated that the rally will continue.