Altcoin Season Is in Full Swing, but This Bitcoin Enthusiast Remains Skeptical!
Jakarta, Pintu News – Last week, altcoins experienced significant gains, led by Ethereum’s weekly rise of 40%, while market analysts predict a vibrant altcoin season is just around the corner.
On the other hand, the price of Bitcoin also continued to creep up to reach $105,000 along with the positive progress in the US-China trade deal talks.
Check out the full news below!
Altcoin market needs this week’s close to rally strongly
Renowned cryptocurrency analyst Rekt Capital has shared an optimistic view of the altcoin market. He stated that if the total market capitalization (excluding the top ten altcoins) can close above $250 billion, it will most likely pave the way for a breakout rally to at least $315 billion.
A weekly close like this would confirm that the altcoin has bottomed and mark the end of the current market correction which stands at -61%. This correction, according to Rekt Capital, is shallower than previous market retracements that reached -69% and -85%, showing the increasing resilience of the altcoin market.
Additionally, the analyst highlighted that the $425 billion resistance level appears to be weakening as a point of rejection. A revisit in the future could greatly increase the chances of breaking that critical level.
Read also: Ethereum (ETH) Surges 40% in 7 Days, Will the Uptrend Continue?
Merlijn The Trader’s Warning Amid Altseason Anticipation
Merlijn The Trader, a crypto analyst, has cautioned investors amid growing anticipation of altseason. The analyst highlighted Bitcoin’s (BTC) decline in dominance, a key metric that often signals capital rotation into altcoins.
Furthermore, the analyst emphasized the importance of timing in this market cycle, reminding traders to “rotate early or risk buying at the top” as the altseason rises. Positive developments in US-China trade talks could also be a catalyst for a major crypto market rally to come.
Also read: Uniswap Sets Record with $3 Trillion Trading Volume!
Willy Woo has a contrarian view, predicts Bitcoin dominance will reach 90%
Willy Woo, a leading on-chain analyst, has shared his vision for the long-term trajectory of Bitcoin (BTC) and altcoins. Citing analyst Grok 3, Woo stated that altcoin market capitalization is expected to reach $10.5 trillion by 2030, while Bitcoin’s dominance will rise to 90%.
Woo predicts a Bitcoin market capitalization that exceeds $100 trillion, outperforming the $10.5 trillion projection for altcoins. “Crypto venture capital as we know it will fade away,” Woo notes, highlighting the shift in focus to Bitcoin (BTC).
As is well known, even large corporate players have been aggressively buying Bitcoin and preferring it over altcoins. Corporate players like Metaplanet are building Bitcoin reserves at an aggressive pace.
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*Disclaimer
This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.
Reference
- Coingape. Altcoin Season Picks Up Steam But This Bitcoin Maxi Isn’t Convinced. Accessed on May 13, 2025
- Featured Image: Generated by AI
