Crypto Analyst Predicts Altcoin Market Rally
A well-known crypto strategist believes it's nearing the moment when the broader altcoin market will start reaping the benefits of capital rotation.
On the social media platform X, popular crypto trader Hsaka, suggests that altcoins are poised for a rally.
Hsaka describes a pattern where Bitcoin (BTC) leads the charge, followed by smaller altcoins, and then by others as the cycle progresses.
In his terminology, “manlets” may refer to altcoins within the Solana (SOL) ecosystem. Coins like Jupiter (JUP) and Pyth Network (PYTH) have seen recent rallies alongside SOL itself.
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With Solana’s surge, Hsaka predicts capital will shift to other altcoins, singling out Avalanche (AVAX) as a potential beneficiary.
Hsaka sees stability for Bitcoin (BTC) above $60,000 while AVAX is currently trading at $64.17. At the time of writing, Bitcoin is valued at $68,346.
Alexander Stefanov
Reporter at CoinsPress
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.
