A crypto strategist, known as Rekt Capital, who accurately predicted the Bitcoin correction before the halving, believes that altcoins are about to take center stage in the crypto market. Rekt Capital, who has a large following on X, a social media platform, is closely monitoring the OTHERS chart, which tracks the altcoin market by measuring the total market cap of cryptocurrencies excluding the top 10 digital assets and stablecoins. Rekt Capital suggests that the altcoin market could see gains of approximately 42% from its current level of $297.5 billion, based on a script he outlined in February. He predicts that the OTHERS chart will rally to its weekly resistance at $425 billion. However, Rekt Capital believes that the surge in altcoins will occur once Ethereum takes a break from its rally. He states that when Ethereum consolidates after its recent breakout move fueled by ETFs, altcoins will benefit from the influx of money. Rekt Capital also notes that Ethereum itself is in a strong position to surpass $4,000, as it recently closed above the $3,300 resistance area. He expects a weekly close above this level to confirm that ETH bulls have regained momentum. At the time of writing, Ethereum is trading at $3,888.
