A Crypto Analyst Anticipates the Next Altcoin Cycle
A well-known crypto analyst, Nicholas Merten, predicts that the next altcoin cycle is on the horizon. However, he notes that there might be a pullback before the cycle begins. Merten, who hosts DataDash on YouTube with over 511,000 subscribers, suggests that the best-performing sector in the crypto market cap is TOTAL3. This index excludes Bitcoin and Ethereum and comprises a wide range of altcoins. Merten believes that small-cap altcoins, particularly those related to Bitcoin infrastructure and meme coins, hold significant potential for growth.
Pullback Expected in TOTAL3
Merten anticipates a pullback in TOTAL3 if it fails to maintain its 21-day moving average. Nevertheless, he remains optimistic about the coming months, expecting “seismic” activity in the altcoin market. He suggests that this period may mark the final blowoff top for the next few months.
Current Market Cap of TOTAL3
As of now, the market cap of TOTAL3 stands at $448.5 billion with a slight decrease in the last 24 hours.
Hot Take: Altcoin Cycle Imminent
According to crypto analyst Nicholas Merten, an altcoin cycle appears to be just around the corner. While a pullback is expected in the short term, Merten believes that small-cap altcoins, especially those related to Bitcoin infrastructure and meme coins, hold significant potential for growth. The best-performing sector within the crypto market cap is TOTAL3, which excludes Bitcoin and Ethereum. However, if TOTAL3 fails to maintain its 21-day moving average, a pullback is likely. Despite this, Merten remains optimistic about upcoming months and expects “seismic” activity in the altcoin market. This period may mark the final blowoff top for the next few months.
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