Altcoins are set for one last big rally, but just a few will benefit — Analyst
Altcoins may experience one final rally, but only those with genuine utility and strong network activity are expected to see price increases. Analyst Jamie Coutts suggests that network activity will guide trading strategies, predicting a potential upswing in altcoins within two months, particularly if Bitcoin reaches all-time highs by June. Despite over 36 million altcoins existing, Ethereum dominates with 55.56% of total value locked. Recent declines in blockchain activity have been noted, with Solana's active addresses dropping nearly 40% since November 2024. Key indicators for an altcoin season show low levels, with the Altcoin Speculation Index at 12% and the Altcoin Season Index at 14, indicating a Bitcoin-dominated market. Bitcoin dominance is currently at 62.84%, but some analysts argue that trading volume is a more relevant indicator for altcoin trends.
