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- 🚀 ETH jumped to $4,600 this morning, up 8.69% in 24h!
Just shy of the $4,891 ATH—think it breaks through?
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Altcoins on the brink of a massive rally: analyst Kevin Svenson's forecast
Renowned crypto analyst Kevin Svenson, who accurately predicted the current bullish cycle of bitcoin, is now anticipating significant growth in altcoins. In his new video, he highlighted the OTHERS index, which reflects the market capitalization of cryptocurrencies excluding the top 10 assets and stablecoins.
Why are altcoins ready to take off?
Svenson highlights several key factors:
Ethereum breakout above $4000
ETH has overcome an important psychological barrier, which historically serves as a trigger for the growth of altcoins.
Ethereum remains the foundation of DeFi ( over 50% TVL) and a key platform for stablecoins.
Underestimation of Ethereum
The analyst believes that ETH is still trading below its real value, considering its role in the ecosystem.
The rise of ETH may trigger a domino effect, pulling up low-cap altcoins.
The potential of the OTHERS index
Svensson predicts the index will grow to $550 billion, and in an optimistic scenario — to $1 trillion by the end of the cycle.
This means a multiple increase in the capitalization of altcoins compared to current levels.
Which altcoins might skyrocket?
Although Swenson does not mention specific coins, he emphasizes:
Projects in the Ethereum ecosystem ( L2 solutions, DeFi, LSD protocols ).
Low-cap altcoins that may replicate the dynamics of ETH.
In stablecoin-oriented projects, considering their growing role in the crypto economy.
Risks and timelines
If Ethereum holds above $4000 and continues to rise, altcoins may begin a massive rally in the coming months.
However, if BTC goes into correction again, it may slow down the altseason.
Swenson is confident that altcoins are on the verge of a powerful movement, and Ethereum will be its catalyst. If the forecast is correct, investors may see record levels of the OTHERS index in this cycle.
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