Altcoin Rally Soon? Analyst Predicts $7 Trillion Market Cap Post USA Elections
The post Altcoin Rally Soon? Analyst Predicts $7 Trillion Market Cap Post USA Elections appeared on BitcoinEthereumNews.com.
The altcoin market has faced considerable upheaval in 2024. After rising to over $1.27 trillion in March, it has recently dropped to $889 billion. This decline follows a consistent pattern of lower highs and lower lows, indicating a clear downward trend. With these fluctuations, one pressing question remains: Is the bull run for altcoins truly over? Prepare for the Altcoin Bull Run! Despite the recent downturn, well-known analyst Ethernasyonal believes that the fourth quarter of 2024 could signal the start of a significant bull run for altcoins. He suggests that historical trends may closely align with the upcoming U.S. presidential elections, which could reshape the altcoin market. The 4th quarter of 2024 will be the beginning of the bull run in #altcoins 📈 📌701 days between December 2018 local bottom and November 2020! 📌701 days between November 2022 local bottom and October 2024! -The bull run was started after the US presidential elections on… pic.twitter.com/ggZpfgfuSz — EᴛʜᴇʀNᴀꜱʏᴏɴᴀL 📈 (@EtherNasyonaL) October 4, 2024 Ethernasyonal highlights an interesting trend in the cryptocurrency market. He points out that there were 701 days between the local bottom in December 2018 and the peak in November 2020. A similar gap of 701 days also appears between the local bottom in November 2022 and the expected events in October 2024. This consistent timing suggests that a bullish phase might be just around the corner. Learning from the Past Looking back, the last bull run began shortly after the U.S. presidential elections on November 3, 2020. Ethernasyonal believes we might see a repeat of this pattern following the elections on November 5, 2024. If history is any guide, the crypto market could experience a resurgence similar to what we saw in previous cycles. Bold Predictions! Ethernasyonal’s predictions extend beyond just timing. He forecasts that the total market…
Filed under: News - @ October 5, 2024 11:22 am