The year 2024 was undoubtedly a turning point for the crypto market. After hitting a deep trough, the sector rebounded impressively and reached new all-time highs (ATHs), including Bitcoin (BTC).
The market capitalization of altcoins, excluding Bitcoin and Ethereum (ETH), also peaked at $1.1 trillion in November. This was the highest level since 2021 and marked the end of a three-year downward trend.
With the new year in sight, the question arises: can we surpass the performance of 2024? Many experts predict so, especially for altcoins that could see huge increases.
Analysts remain optimistic
According to Dutch analysts Crypto Jelle and Michaël van de Poppe, the future looks bright. Crypto Jelle points out striking similarities between the current market situation and BTC’s first major correction in 2021. He emphasizes that the market has “completely reset” and appears ready for an upward trend. Van de Poppe shares this view and states that the correction is almost behind us, making room for a new growth phase for both Bitcoin and altcoins.
Titan of Crypto even expects a “grand finale” for altcoins. He bases his analysis on a two-year “cup and handle” pattern, a common bullish signal. According to him, the market capitalization of altcoins could rise to $1.4 trillion, a 200% increase from current levels. January 2025 could mark the start of a prolonged rally, similar to the 2021 bull market, according to Titan.
Correction not an end to the bull market
Despite some panic after a temporary correction that saw BTC fall below $91,000, analysts remain optimistic. They see the correction as a temporary phenomenon that does not endanger the upward trend. The macroeconomic situation remains favorable for further growth of both Bitcoin and altcoins for the time being. So the bull market seems far from over, unless there are unexpected changes in inflation or economic growth.
With these prospects in hand, 2025 promises to be another exciting year for the crypto market.
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Source: https://newsbit.nl/analist-voorspelt-grand-finale-voor-altcoins-begin-2025/
