As Bitcoin experiences a slight decline ahead of the U.S. presidential election, the altcoin market also sees a widespread drop, leaving many investors feeling anxious. However, don't rush to dismiss altcoins – top experts predict that this market may be on the brink of a strong explosion. Is this the moment when the strong rally of altcoins is about to begin?
1. Historical cycles show the resilience of Altcoins
According to renowned analyst Benjamin Cowen, founder of ITC Crypto, the bear market for altcoins may be nearing its end, and the 'grand finale' phase he predicts could occur in early 2025. Cowen points out that this cycle is quite similar to the 2018-2019 phase, when altcoin prices plummeted before bouncing back and hitting historical highs in 2021. If this pattern repeats, patient investors could reap significant rewards. Could this be the final downturn before the market transitions to a new growth cycle?
2. Three-year bull cycle theory – Is it time to explode?
Analyst Ardizor has studied market cycles and found that significant price surges of altcoins seem to occur in three-year cycles. According to his observations, 2018 and 2021 were years when altcoins experienced explosive growth. If this cycle continues, 2024 could be the year altcoins begin a new growth cycle, offering great opportunities for those who maintain their faith during this challenging phase. Ardizor believes that despite current market volatility and the potential for additional declines, it will ultimately pave the way for a strong growth phase.
3. Countdown to the biggest Altcoin season ever?
Sensei, another well-known cryptocurrency analyst, has attracted attention by predicting that the biggest altcoin season ever may be about to begin, possibly within just a few weeks. Sensei believes that with supporting factors, a significant price increase could propel altcoins to new price peaks, opening up attractive investment opportunities. If this prediction comes true, it could be the moment many investors have long awaited.
4. Key points for Altcoin investors
Here are important notes from experts for those looking to invest in altcoins in the near future:
Price drops before a strong rise: Many experts warn that the altcoin market may still experience some slight declines as it nears the end of the current cycle. This 'shakeout' or 'final shake' phase may help eliminate impatient investors, paving the way for a strong growth trend.
Timing of the price surge: Historical patterns suggest that late 2024 to early 2025 could be a critical time for the altcoin market to break out. As this phase approaches, investors should be prepared for high market volatility and cautious in each decision.
Great growth potential: Analysts expect that the next price surge could outperform the altcoin booms of 2018 and 2021. Those who persevere through the current tough phase will have the opportunity to reap substantial profits when the market recovers and grows strongly.
5. Conclusion – Positioning yourself to ride the upcoming growth wave
Currently, the altcoin market shows many signs that a strong growth phase may be imminent. Upcoming short-term declines, while challenging, could present good buying opportunities for smart investors. To prepare, keep a close eye on the market, continuously update information, and be ready to seize the opportunity when signs of strong growth emerge.
The biggest altcoin season in history may be just within reach. So are you ready to capitalize when the market shifts? Prepare for a journey full of opportunities and challenges.