- Deezy thinks altcoins will have their best seasons in the upcoming bull run.
- Most altcoins are 100% away from their previous ATH.
- ETH ETF trading launch would be significantly bullish for the altcoin market.
Discover Crypto YouTube channel host Nick Valdez (Deezy) believes altcoins will have their most successful seasons in the upcoming bull run.
Deezy cited several top crypto analysts who have used different indicators to predict future altcoin price behaviors, including setting exit targets to help crypto traders maximize their gains in the bull cycle.
In a recently uploaded video, Deezy highlighted some fundamental reasons altcoins could pump significantly this year. First, the Discover Crypto host noted that while Bitcoin is 25% away from its All-Time High (ATH), most altcoins are 100% down from their ATH. He cited a post by Ash Crypto on X, observing that despite numerous narratives like RWA, AI, and memecoins, many altcoins have underperformed BTC.
To support his reasoning, Deezy further noted that the upcoming ETH ETF trading launch could be significantly bullish for the altcoin market. He envisions the ETH ETF launch leading to more ETF approvals with altcoins like Solana, Avalanche, and even lesser-known altcoins like Dogecoin or Bitcoin Cash having their ETFs approved. Meanwhile, Deezy still believes the RWA and AI narratives will drive the upcoming bull run, just like ICOs led the 2017 bull cycle, and NFTs and gaming dominated the trend in 2021.
Apart from Deezy, other top crypto analysts have predicted similar trends for the upcoming altcoin season. For instance, EllioTrades, a renowned crypto analyst on X, described how crypto poetically “forces its most loyal disciples out into the cold before the steepest gains take place.” EllioTrades believes the altcoin rally will happen by the beginning of 2025.
In the meantime, Deezy noted that his exit strategy for the upcoming altcoin season is in 2025. He used historical data to show the altcoin market is in an expansion stage, having pulled back from the post-accumulation rally. Deezy’s analysis suggests the altcoin market is about to embark on a parabolic rally that could see most crypto assets make significant gains within the next 12 months.
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