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Cryptocurrency markets closely follow an analyst who suggests that altcoins have a stronger market surge narrative than AI, potentially reaching all-time highs (ATH).
Analyst Predicts Altcoin Surge
Known as Criptopaul, the cryptocurrency analyst shared on social media platform X that real-world asset (RWA) tokenization has more potential to rise than the current AI hype. The expert stated:
In my view, RWA is the biggest narrative of this cycle, surpassing AI. The RWA concept itself is based on blockchain and represents a true financial revolution hypothesized since the birth of Ethereum.
Current Status of ETH/BTC Pair
The analyst also predicts that Ethereum (ETH), the leading smart contract platform, will make a significant breakout against Bitcoin (ETH/BTC), marking the beginning of a historic surge in the broader altcoin market. The analyst emphasized:
The stars are aligning for the ETH/BTC pair, and the biggest altcoin season is about to start… Are you ready for the double bottom formation in the ETH/BTC pair?
Analyzing the weekly charts, the cryptocurrency analyst believes that the ETH/BTC pair is showing a double bottom bullish pattern at 0.046 BTC ($3,118). In technical analysis, a double bottom pattern typically indicates a bullish trend following a period of decline. At the time of writing, the ETH/BTC pair is trading at 0.0466 BTC ($3,148), having increased by more than 1.4% in the last 24 hours. In conclusion, cryptocurrency analyst Criptopaul suggests that RWA tokenization will provide a bigger surge than AI, ETH/BTC will initiate a historic altcoin season, and it is exhibiting a double bottom formation.
