Altcoins Have Staged a Strong Comeback Last Week, Led by Ethereum's 40% Weekly Gains, as Market Analysts Are Predicting a Full-Blown Altseason Ahead

Altcoins have staged a strong comeback last week, led by Ethereum's 40% weekly gains, as market analysts are predicting a full-blown altseason ahead.

Altcoins have staged a strong comeback last week, led by Ethereum's 40% weekly gains, as market analysts are predicting a full-blown alt season ahead. Furthermore, Bitcoin price has also continued to inch higher to $105,000 as US-China trade deal talks move in a positive direction.

Analyst: Altcoin Market Cap Needs This Weekly Close For Strong Rally

Renowned cryptocurrency analyst Rekt Capital has shared a bullish outlook for the altcoin market. According to the analyst, if the total market cap (excluding top ten alts) closes above $250 billion, it would likely pave the way for a breakout rally to at least $315 billion.

The analyst also noted that such a weekly candle would confirm a bottom for altcoins and mark the end of the current market correction at -61%. However, Rekt Capital pointed out that this correction is shallower than previous market retracements of -69% and -85%, suggesting increasing resilience in the altcoin market.

Another crypto analyst Merlijn The Trader issued a stark warning to investors amid the fast-approaching altseason. According to the analyst, Bitcoin dominance has been decreasing rapidly, which signals that capital is flowing out of BTC and into altcoins.

However, the analyst stated that the timing is crucial in such market cycles. Traders are advised to "rotate early or risk buying the top" as altseason gains momentum.

Moreover, good news on the US-China trade deal could be a catalyst for a major crypto market rally ahead.

Analyst: Expect Bitcoin Dominance Above 90% By 2030

Prominent on-chain analyst Willy Woo shared his perspective on the long-term trajectory of Bitcoin and altcoins. Citing a Grok 3 analyst, Woo stated that the altcoin market cap is expected to reach $10.5 trillion by 2030, while Bitcoin dominance will rise to 90%.

According to the analyst, Bitcoin is poised for a market cap exceeding $100 trillion, dwarfing the projected $10.5 trillion for altcoins.

"Crypto venture capital as we know it will fade," Woo noted, highlighting a shift in focus towards BTC.

As we know, even big corporate players have been buying Bitcoins in bulk and they prefer them over altcoins. Corporate players like Metaplanet are building their Bitcoin reserves at a rapid pace.