2024

Bitcoin

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/analyst-foresees-altcoin-price-surge" data-wpel-link="internal" rel="noopener noreferrer nofollow">Analyst Foresees Altcoin Price Surge</a><br></p>
<p style="text-align: justify">Jamie Coutts, a chief <a href="https://en.bitcoinhaber.net/top-altcoins-surge-on-binance-amidst-bitcoins-struggle-below-43k" data-wpel-link="internal" rel="noopener noreferrer nofollow">crypto analyst</a> at Real Vision, has projected significant price increases for high-quality altcoin projects. Coutts suggests that strong market signals indicate a potential market bottom, sparking optimism among investors.</p>
<h2 id="what-factors-could-hamper-altcoin-performance">What Factors Could Hamper Altcoin Performance?</h2>
<p style="text-align: justify">Coutts bases his latest prediction on the relationship between the top 200 equal-weighted index and the market cap ratio. This index measures the performance of the 200 largest cryptocurrencies by market cap in comparison to Bitcoin (BTC). Historical data supports this metric, suggesting that some altcoins may be nearing the end of their corrections and could soon begin to rise.</p>
<p style="text-align: justify">The analyst highlighted that small-cap altcoins are currently underperforming significantly. He noted that small-cap altcoins are likely to struggle until Bitcoin surpasses its all-time high. For the overall market to recover and experience an “altcoin season,” the ratio needs to trend upwards.</p>
<h2 id="when-could-the-altcoin-market-recover">When Could the Altcoin Market Recover?</h2>
<p style="text-align: justify">Coutts also predicts that the recovery of the altcoin market may not occur until late 2024 or early 2025. He foresees that most altcoins will continue to underperform relative to BTC, and the recovery process could extend over several months.</p>
<p style="text-align: justify">According to his analysis, the current <a href="https://finance.coin-turk.com/" rel="noopener noreferrer nofollow" target="_blank" data-wpel-link="exclude">market conditions</a> resemble the sudden drops witnessed in 2020. However, he anticipates this time the market will enter a prolonged recovery phase instead of experiencing another crash similar to late 2022.</p>
<h2 id="key-takeaways-for-investors">Key Takeaways for Investors</h2>
<p style="text-align: justify">– Small-cap altcoins will likely continue to struggle until Bitcoin reaches new heights.<br> – Long-term patience may be essential for altcoin investors.<br> – Market signals suggest a bottom is near, presenting potential <a href="https://newslinker.co/what-are-the-future-technologies/" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="exclude">future</a> gains.</p>
<p style="text-align: justify">Coutts advised altcoin investors to be patient, describing the current market cycle as a historic opportunity. He added that while the altcoin recovery will take time, the market might be nearing a bottom, offering significant future gains.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/analyst-foresees-altcoin-price-surge" data-wpel-link="internal" rel="noopener noreferrer nofollow">Analyst Foresees Altcoin Price Surge</a></h5>

Analyst Foresees Altcoin Price Surge

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