Altcoins are on the path to new historic peaks, experts predict. According to analysts, the altcoin market is entering a crucial phase 2, known as the Path to Altcoin Season. Analysts believe that the downtrend in altcoins, which has persisted since 2021, has finally come to an end.
Currently, favorable fundamental conditions are forming for a rally in altcoins. In this context, crypto fans are anticipating a breakthrough from Ethereum, which could successfully compete with Bitcoin.
Experts pinpoint four stages on the Path to Altcoin Season. This journey starts with Bitcoin’s dominance. Ethereum follows as the next market leader. Its market capitalization zooms up. In the end, a full-scale altcoin rally takes place. Meanwhile, analysts say that Ethereum is gearing up for a strong uptrend. Forecasts suggest that Ethereum could gain robust bullish momentum despite the challenges it faced in early 2025. As for altcoins, they tend to follow the market leaders—Bitcoin and Ethereum in this case.
Right now, institutional investors are actively investing in large-cap altcoins, such as Polkadot (DOT). Recently, Tuttle Capital filed an application for a 2x leveraged DOT ETF, a move experts consider a bullish signal for Polkadot and the entire altcoin sector.
Besides, technical analysis indicates that the altcoin market is on the verge of another major surge. Recently, DOT's price action has followed a classic 5-wave structure, typical of Elliott’s wave theory. Analysts have noted the completion of a larger wave 1, followed by a corrective wave 2. This suggests that the price is entering the next bullish phase.
Therefore, wave 3, the longest and most powerful in the Elliott Wave cycle, is expected to emerge soon.
In the meantime, mid-cap altcoins are also making waves. According to experts, mid-cap altcoins, such as Alchemy Pay (ACH), have also shown double-digit growth, recording an impressive 118% gain. Analysts consider this a strong signal of a resurgence. These digital assets are at the beginning of their large-scale trajectory, with a potential 55x growth target in sight. To sum up, the Altcoin Season may be closer than we think!
