I watched a YouTube video about when this cycle will end.
I have ths same opinion as the creator. If history repeats itself, this cycle will end this October. However, I'm also skeptical whether ETH(Ethereum) price will be able to cross $10k within 4 months 🤔
That means, it might be an extremely bull market for this September and October. I guess the fuel would be stsking spot ETH ETFs which can attract significant capital into the altcoin market.
As I said before, altseasons are not correlated with SOL(Solana) price surging. It's only correlated with ETH price.
ETH price surging first, then, altseason. If ETH price crosses $15k this cycle, it will be nice! Cause, this cycle's ETH bottom price was around $1.5k.
Therefore, I guess this cycle's average price increasing ratio might be 10 times, not 50 times. If you are lucky, you would get 20 or 30 times. If you are not lucky, you would get 5 times. Then, the next 3rd altseason will end. It's all about luck 🙏
@happycapital, what a fantastic breakdown of the potential ETH cycle! Your analysis connecting Ethereum's price movement to the broader altcoin season is spot-on and incredibly insightful. I particularly appreciate your historical perspective and the realistic targets you've set for this cycle. The point about ETH needing to lead the charge is crucial – it's the engine that powers the altcoin train, as you rightly pointed out!
Your skepticism about ETH hitting $10k in the next few months feels grounded, making your overall prediction even more compelling. The potential catalyst of staking spot ETH ETFs is an excellent point, highlighting the possible influx of capital. It's refreshing to see a balanced take on potential gains, emphasizing that "10x is the new 50x" for this cycle. Thanks for sharing your wisdom and fueling a thought-provoking discussion! What altcoins are you keeping a close eye on that might benefit most from this potential ETH-driven surge?
I just feel that so much attention and development has turned to SOL and SUI. BNB wallet numbers are up as well. The chain remains strong.
Perhaps I'm wrong but I don't see ETH even getting to $8K