Analyst Predicts Q1 Surge in Altcoin Markets Fueled by Strong Performance of Ethereum-Based Counterparts
A prominent crypto strategist suggests that the altcoin markets are poised for a robust surge in the coming weeks.
Rekt Capital, a pseudonymous analyst with a sizable following, points out that the recent rallies of Solana (SOL) and Chainlink (LINK), both influential in the Q4 2023 altcoin hype cycle. May indicate a revival of strong performance in the current quarter. Highlighting their historical impact. Rekt Capital observes the potential initiation of a Q1 altcoin hype cycle as both SOL and LINK showcase renewed upward momentum.
Other analysts, including Trader Inmortal and Kevin Svenson. Share similar sentiments, emphasizing Chainlink’s historical influence on crypto market rallies. As of now, LINK is trading at $17.91, reflecting a more than 20% increase since the beginning of the year. While SOL stands at $98.46, up over 24% from its January low of $79.
Clever Robot News Desk 5th February 2024