An expert analyst is sharing a potential timeline for the altcoin markets to reach new all-time highs.
During a recent strategy session, trader Jason Pizzino, with a significant following of 329,000 YouTube subscribers, discussed his close observation of the TOTAL3 chart. This chart monitors the market capitalization of all cryptocurrencies except for Bitcoin (BTC), Ethereum (ETH), and stablecoins.
Pizzino pointed out that TOTAL3 went through a 26-month accumulation phase in the previous cycle, from late 2018 to early 2021, before experiencing a sharp parabolic increase. He believes that TOTAL3 might be following a similar pattern in the current cycle and could be just a few months away from starting a significant upward trend.
“By my calculations, this could happen around February, in the first quarter of 2025. If we look at the last quarter of 2024 to the first quarter of 2025, I anticipate significant movement towards a new record high price… All the concerns about the market downturn will likely be forgotten by the end of the fourth quarter. I’m taking a risk by putting this prediction out there.”
Upon analyzing the trader’s chart, it appears that he predicts the total altcoin market capitalization could drop to the 50% Fibonacci level, reaching around $400 billion, before recovering and surging to a new all-time high surpassing $1 trillion early next year.
As of the time of writing, TOTAL3 is currently around $597 billion.
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