Crypto Analyst Predicts Altcoin Market Cap Breakout
A well-known crypto analyst believes that the altcoin market is on the verge of a significant breakout. The pseudonymous trader, Rekt Capital, shared his prediction with his followers on Twitter, stating that the altcoin market cap is about to explode. He suggests that Ethereum’s recent surge could be a catalyst for a broader altcoin rally.
Ethereum’s Potential Impact
According to Rekt Capital, Ethereum’s current breakout may fuel the next phase of altcoin rallies. As of now, Ethereum is valued at $2,432, experiencing a 3.7% increase in the past 24 hours. The analyst further speculates that Ethereum will likely push back up to a range high in the future.
Specific Altcoins to Watch
Rekt Capital also highlights two specific altcoins: Chainlink (LINK) and Solana (SOL). He notes that while LINK is dipping in value, SOL is surging. However, both coins have shown signs of top performance in the altcoin market historically, indicating the potential for upcoming rallies.
The Current Prices
At present, SOL is valued at $102, while LINK is trading at $18.76.
Hot Take: Altcoin Market Primed for Historic Breakout
A crypto analyst predicts that the altcoin market cap is poised for a historic breakout. With Ethereum leading the way and potential rallies in other altcoins like Chainlink and Solana, investors should keep a close eye on these markets. If the analyst’s predictions hold true, it could be an opportune time for traders to capitalize on potential gains in the altcoin space.
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