Altcoin season on the horizon? Crypto expert predicts the upcoming Crypto Bull Run

Since October 11, the Bitcoin market has grown by 27.01%. After the US presidential election, the market rose by 12.85%. The Altcoin market recorded a growth of about 19.43% during the same period. Captain Fibic, a crypto expert, points out that the real Altcoin rally has yet to begin, indicating that the crypto market may soon witness a new Altcoin rally. Here's the update!

A Crypto Expert's View on Altcoins

The expert thinks that the Altcoin market rally has not yet started. On November 5, the market cap of the Altcoin market was $874.151B. On November 6, the market reached a peak of $973.543B, which is more than $969.059B in October. The market currently stands at $1.044T – which is at least 3.73% lower than July's high of $1.083T. Specifically, in mid-March, the total market cap of the ALT market was around 1.241T.

Why an Altcoin Rally Could Be on the Horizon

Bitcoin remains a top player in the crypto market. Historically, Altcoins tend to follow Bitcoin's movements. The Bitcoin market has already surpassed the high of $73,000+. Altcoin market must grow at least 18.75% to reach the mid-March peak. This clearly indicates that there is more room for growth in the Altcoin market.

Ethereum Market: Overview

Since November 5, the Ethereum market has risen by at least 27.19%. However, the market is at least 33.19% lower than its March high of $4,061.71. Between July 30th and August 7th, the market experienced a massive decline of 41.64%. On July 30, the price of ETH was $3,316.78. If the market rises at least 8.71 percent, it could recoup its losses from the steep fall in early August.

Implications for Altcoin Investors

Investors who have been looking at altcoins may see this as an opportunity to prepare for potential gains. With the Altcoin rally likely to begin, now may be a strategic time to consider high-potential Altcoin investments.