Analysts Predict Final Altcoin Dip Before Potential 2025 Recovery
According to crypto analyst Benjamin Cowen, altcoins could face further downturns before any recovery, with a final “reckoning” possibly around the corner.
In a post on X (formerly Twitter) on November 4, Cowen, founder of ITC Crypto, suggested that this anticipated altcoin “purge” may conclude by December or early January 2025. He noted that while this has been a long and challenging process, such a correction was inevitable.
It looks like the grand finale of the altcoin reckoning has finally arrived.
The altcoin reckoning should be over by December 2024 (2nd week of January 2025 at the latest).
It has been a long journey, and many gave up along the way, but this process was always going to play out pic.twitter.com/WRVUvIHDTt
— Benjamin Cowen (@intocryptoverse) November 3, 2024
Cowen’s prediction draws on historical trends, pointing to the 2019 bear market, where altcoins suffered a similar downturn. This time around, he sees altcoins eventually stabilizing in 2025, potentially setting the stage for a strong comeback, much like the 2020-2021 rally.
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Additionally, Cowen observed that altcoin/Bitcoin pairs have steadily weakened over the last three years, noting that “altseasons” previously took place in the post-halving years of 2017 and 2021. Another trader, “ardizor,” echoed this sentiment on November 4, remarking that the current altcoin pattern aligns with past cycles. Meanwhile, crypto investor “Sensei” claimed that “the biggest altseason ever” could start soon, possibly within 10 days.
As of now, Bitcoin’s market dominance is sitting at 60.5%—its highest level since March 2021—indicating that altcoins may continue to lag until Bitcoin’s market share dips below 50%. Over the weekend, the crypto market’s total value fell to $2.4 trillion, with altcoins like Ethereum (ETH) and Solana (SOL) dropping about 11% since late October. Bitcoin (BTC), meanwhile, showed resilience with a smaller decline of 5.8% as it maintains market leadership.
Alexander Zdravkov
Reporter at CoinsPress
Alexander Zdravkov interessiert sich leidenschaftlich für Bedeutungsfragen. Er ist seit mehr als drei Jahren im Kryptobereich tätig und hat ein Auge dafür, aufkommende Trends in der Welt der digitalen Währungen aufzuspüren. Ob er nun tiefgreifende Analysen liefert oder tagesaktuell über alle Themen berichtet, sein tiefes Verständnis und seine Begeisterung für das, was er tut, macht ihn zu einer wertvollen Ergänzung für das CoinsPress-Team.
