The crypto market is officially in a macro bull market, and based on past performance following the Bitcoin (BTC) halving, it will last until mid-2025. The upward process will be gradual as the rotation of cryptocurrencies increases. Additionally, more investors, including institutional investors, are involved in the crypto market during this bull cycle compared to previous cycles with clearer regulatory measures.
MikyBull Cipher in Altseason Timeline
After an impressive first quarter of the 2024 crypto rally that saw the altcoin industry rise from $750 billion to nearly $1.2 trillion, more investors are adjusting their portfolios for the next phase. There is. Furthermore, most altcoins have completed their respective market corrections and are ready for liftoff to retest all-time highs (ATH), led by Ethereum (ETH).
According to popular cryptocurrency analyst MikyBull Crypto, the next altcoin season will begin as soon as ETH/BTC recovers from its multi-year lows. Ethereum price rebound against BTC is reinforced by the decline of the uptrend due to Bitcoin dominance. Furthermore, demand for altcoins remains high as expectations for Spot Ethereum ETFs in the US increase.
Notably, Hong Kong recently approved Bitcoin and Ethereum spot ETFs, which are expected to begin trading by the end of this month.
Top altcoins to watch
While the memecoin industry, led by Dogecoin (DOGE) and Shiba Inu (SHIB), remains the most profitable altcoin, a new cryptocurrency story with higher profitability potential is emerging. Notable cryptocurrency stories include the respective tokens of decentralized physical infrastructure networks (DePIN) and the tokenization of real-world assets (RWA).
