According to Real Vision, Altcoins might rise one last time during this market cycle, but only a few Altcoins will benefit from this outcome. This will be the final Altcoin surge resulting in the upcoming bull phase. A top crypto expert at Real Vision, Jamie Coutts, said on a live stream on X that the Altcoins, which have real value and active networks, are the ones worth watching.
Only Altcoins With Real Use Will Survive
In a live stream with Real Vision co-founder Raoul Pal, on April 3, Coutts said that there may be one more rise in Altcoin prices, but this rise will not help every coin. It will be the final Altcoin surge in the current crypto market cycle.
He said that when investors choose to purchase Altcoins, they must look at which network is active and how many people are using that network. Altcoins might start to rise again if Bitcoin grows to a new record before June. The final altcoin surge may benefit the market and appreciate investor’s support.
The Market Looks Weak Right Now
Currently, the Altcoin market is not doing well; in fact, according to CoinMarketCap, in the past month, the whole crypto market has gone down by about 8%.
Solana, which is one of the top Altcoins, had lost its active users. It had 15.6 million active addresses in November 2024, but in February, the numbers dropped to 9.5 million. Which is a decrease of almost 40%, according to Cointelegraph
Also, there are major signs that show that we’re still in Bitcoin Season. The Altcoin Season Index, which is used to track how well Altcoins are doing in comparison with Bitcoin, is really showing low at just 14 out of 100.
The Altcoin Speculation Index, which is from Capriole Investment, has dropped to 12%, which shows that, currently, there is not much hype or interest in Altcoins.
Even people on Reddit are feeling the same way, one of the users on r/CryptoCurrency said that it’s not Altcoins season with these numbers. He said that it feels more like a ghost town there.
Is Bitcoin Still the Key to Altcoin Season?
Currently, the market dominance of Bitcoin is about 62.84%, which usually means that Altcoins might not have much space for their growth. However, not everyone thinks that this number is as important as it must be.
The CEO of CryptoQuant, Ki Young Ju, said on X that we must not focus on how big Bitcoin is in comparison with other coins. Instead, we must look at trading volume, like how much people purchase and sell Altcoins. It is a better sign of whether the prices will go up.
Conclusion
Jamie Coutts thinks that the final Altcoins surge of this market period might still have a chance to rise, but only for those that have real usage and growing network activities. He suggested that investors must closely watch network activity; the coin has better chances of going up if more people are using it. The remaining Altcoins might fall behind. As crypto users say, if people don’t use their favorite Altcoin, then its prices are probably not going to rise.
FAQs
1. Which crypto analyst specified the final altcoin surge of this market cycle?
The crypto analyst Jamie Coutts specified the final altcoin surge of this market cycle
2. What did the analyst say in a live stream with Real Vision?
The analyst said altcoin prices might go up, but will benefit only a few coins.
3. By what percentage did the crypto market decline in March?
It declined by 8%
4. What is the current Bitcoin Dominance?
The current Bitcoin dominance is about 62.84%.
5. Which coins might go up in the final altcoin surge
In the final altcoin surge only real value coins and active networks might go up.
Glossary
Altcoin: All other cryptocurrencies except Bitcoin.
Altcoin Season: A period when altcoins see a price rise
Altcoin Season Index: A tool that shows altcoins performing better than Bitcoin.
Real Vision: A media company which interviews experts
Bitcoin Season: A period when Bitcoin outperforms most altcoins
Sources
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