Altcoins
Here’s When Altcoin Market Cap Will Reach New All-Time Highs, According to Trader Jason Pizzino
A widely followed analyst reveals a possible timeline for altcoin markets to record new all-time highs.
In a new strategy session, trader Jason Pizzino tells his 329,000 YouTube subscribers that he’s taking a close look at the TOTAL3 chart, which tracks the market capitalization of all crypto assets excluding Bitcoin (BTC), Ethereum (ETH) and stablecoins.
According to Pizzino, TOTAL3 experienced a 26-month accumulation period during the last cycle, spanning from late 2018 to early 2021, before launching a parabolic surge.
Pizzino says TOTAL3 could reflect the same pattern in this cycle and could be a few months away from triggering a strong bullish surge.
“That would take us around February, so the first quarter [of 2025]. As you look at the fourth quarter of 2024 – the first quarter of 2025, I think that probably had a pretty good move to a new high price…
All this fear of a market decline would be forgotten in the fourth quarter. I’m going to put myself in danger here. »
Source: Jason Pizzino/YouTube
Looking at the trader’s chart, he seems to predict that the total altcoin market cap will fall to the 50% Fibonacci level, at around $400 billion, before sparking a recovery and hitting a new all-time high at -above $1 trillion by early next year.
At the time of writing, TOTAL3 is hovering at $597 billion.
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