Bitcoin's dominance continues to decline, suggesting an altcoin season could be on the horizon as Ethereum and Ripple lead the cryptocurrency market surge
In the world of cryptocurrency, there's an exciting prediction making waves among analysts: the upcoming altseason. A seasoned analyst has shared their insights, suggesting that altcoins could soon see a significant surge in value.
Despite the FUD and heavy correction sentiments shared by some analysts, this particular analyst remains bullish on altcoins for the coming months. They believe that Bitcoin will correct and bounce back, allowing altcoins to recover faster.
The analyst's predictions suggest that Ethereum (ETH) and Ripple's XRP may lead the altseason peak phase. According to their analysis, when Bitcoin drops, Ethereum does not drop as much, a characteristic of the altseason phase.
The analyst's observations indicate that Ethereum has been steadily outperforming Bitcoin for weeks. In fact, they expect a nice Ethereum price bounce in the next day or the day after, and possibly predict that ETH could enter the $5,000 ATH price discovery range before Q4.
Several analysts also predict that Cardano (ADA) may join ETH and XRP in leading the altseason peak phase. Ethereum's price is predicted to possibly reach around $4,465 in September 2025 and could fluctuate between approximately $3,875 and $7,949 in October 2025 before the fourth quarter begins.
The analyst believes holding a strong altcoin in the large-cap category could yield promising gains. They suggest that altcoins will start to be exciting once again when Bitcoin breaks its parallel high around the $120,000 price range.
Interestingly, Bitcoin Dominance, the measure of Bitcoin's market dominance compared to the rest of the cryptocurrency market, has been in a weekly downtrend for the past 12 weeks. The trigger for the altseason may be when Bitcoin Dominance remains in a downtrend even as Bitcoin price corrects.
In conclusion, the upcoming altseason could be an exciting time for altcoin investors. With Ethereum and Ripple leading the charge, and analysts predicting potential gains for Cardano, it's a promising outlook for the altcoin market. As always, it's crucial to do thorough research and consider professional advice before making any investment decisions.
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