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You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/qcp-capital-predicts-altcoin-season-with-rising-interest-in-solana/" data-wpel-link="internal">QCP Capital Predicts Altcoin Season with Rising Interest in Solana</a> 
While Bitcoin (BTC) and Ethereum (ETH) experienced a stable weekend, Solana (<a href="https://en.coin-turk.com/solana-based-crypto-exchange-backpack-secures-17-million-in-series-a-funding/" data-wpel-link="internal">SOL</a>) attracted attention with a nearly 17% rise from its low levels seen last Friday. QCP Capital highlighted that Solana and other <a href="https://en.coin-turk.com/immutable-prepares-to-release-32-47-million-imx-tokens/" data-wpel-link="internal">altcoins</a> have gained interest due to the pro-crypto policies of the Donald Trump administration. Analysts believe this trend strengthens expectations for an “<a href="https://en.coin-turk.com/toncoin-gains-attention-despite-cryptocurrency-fluctuations/" data-wpel-link="internal">altcoin</a> season.” 
<h2 style="text-align: justify" id="strong-qcp-capital-signals-of-altcoin-season-emerge-strong">QCP Capital: Signals of Altcoin Season Emerge</h2> 
Historical data shows that after major cryptocurrencies consolidate, altcoins often perform better. Bitcoin’s dominance in the market hovers around 60%. According to QCP Capital, if this rate drops below 58%, it may signal the beginning of the altcoin season. Nevertheless, investors appear cautious about transitioning to altcoins, believing Bitcoin still has room to move towards its $100,000 target. 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-408065" src="https://coin-turk.com/wp-content/uploads/2024/11/Altcoin-Sezonu.jpg" alt="" width="2538" height="1878"> 
Furthermore, investors and analysts are anticipating pro-crypto policies from the Trump administration. The expectation of continued interest rate cuts supports this outlook. QCP Capital analysts believe these developments could pave the way for a full-blown altcoin season in the coming months. 
<h2 style="text-align: justify" id="strong-institutional-interest-and-bitcoin-commentary-strong">Institutional Interest and Bitcoin Commentary</h2> 
Despite net ETF outflows last week, Bitcoin managed to find strong support. The announcement from Japan-based Metaplanet about plans to purchase BTC with funds raised from bond sales garnered attention. This move indicates that Metaplanet is following in the footsteps of major companies like MicroStrategy. 
Increasing institutional interest is making predictions of Bitcoin reaching its $100,000 target seem more realistic. Analysts foresee the combination of political and institutional factors driving Bitcoin to higher levels. According to QCP Capital analysts, the start of an altcoin season could be inevitable in this upward trend for Bitcoin; however, investors are currently focused primarily on Bitcoin. 
Analysts agree that for altcoins to gain more momentum, Bitcoin needs to remain stable for some time, especially as investors closely monitor both political and financial developments. 
The post <a href="https://en.coin-turk.com/qcp-capital-predicts-altcoin-season-with-rising-interest-in-solana/" data-wpel-link="internal">QCP Capital Predicts Altcoin Season with Rising Interest in Solana</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.

QCP Capital Predicts Altcoin Season with Rising Interest in Solana

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