[Analysis] "Altcoins, the Last Rally of This Cycle is Coming... Focus on Active Networks"
Summary
- Jamie Coutts predicted that there will be the last strong move in the altcoin market in this cycle.
- He advised that altcoins with active network activity will show a recovery trend and that such activity should be used as a basis for trading.
- Coutts forecasted that altcoins will start to rise in earnest from June, with the premise that Bitcoin hits an all-time high.
An analysis has emerged that altcoins are left with the last rally of this cycle.
According to Cointelegraph on the 4th (local time), Jamie Coutts, the chief cryptocurrency analyst at Real Vision, said in an X live streaming with Real Vision co-founder Raoul Pal the previous day, "I see one more strong move in the altcoin market in this cycle," adding, "However, I am not yet sure if the rally can last for 6 to 12 months."
Coutts advised, "Altcoins accompanied by network activity will clearly show a recovery trend. You should observe where the network activity is concentrated and use it as a basis for trading."
He predicted a rebound in the altcoin market within the next two months. Jamie Coutts added, "I expect altcoins to start a full-fledged upward trend around June," stating, "The premise is that Bitcoin (BTC) hits an all-time high again."
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
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