The rise in Bitcoin 
$92,377 prices has reached new all-time highs, yet the majority of altcoins remain stagnant. At the time of writing, BTC has surged to 93,644 dollars, signaling a new wave of increases. What are the current predictions for altcoins?
When Will the Altcoin Bull Market Begin?
Michael Poppe shared an in-depth assessment regarding altcoins today. According to him, we have entered a period of rising volatility that will last for the next 12 months. Moreover, altcoins are currently lingering at impressively low levels compared to their targeted peaks.
Which altcoins should be considered? Poppe stated:
“Memes are doing great, DePIN is waking up, DeFi is the next big thing, followed by AI and RWA. Most altcoins are still accumulating, making it relatively easy to step in before they become parabolic. Look at the recent moves of established coins like XRP, XLM, and Layer 1s like HBAR; they are gaining momentum, and then it might be too late.
This is why you should dive into those coins that have been stagnant. Regardless of your emotional biases and appetite, these are the ones that are easiest to move. In my portfolio, I allocated funds to DeFi projects that I believe will be the next big wave.”
Altcoins have experienced significant losses against BTC, and ETH has lost its 8-year trend against BTC. However, according to Poppe, BTC will begin to consolidate, which will trigger an upward movement for altcoins.
“Especially when bond yields start to drop, Ethereum 
$3,099 and the rest of the altcoin market will rise at that moment. I don’t know whether this will happen in November or December, but I know we are quite close.
This is the perfect time to increase your risk appetite and truly take risks. If memes are not showing you what could happen in your positions, I’m not sure what will. However, as I said, there are two charts to watch:
- USD charts are currently in a 150+ day consolidation for most coins, which indicates significant accumulation for a breakout.
- All BTC charts indicate an ATL, meaning Bitcoin is either overvalued or altcoins are underperforming or undervalued.”
Cryptocurrencies May Face Pullbacks
Even though we are in an upward trend, there may be interim pullbacks in altcoins. This can be likened to sudden and weak increases experienced during recent bear markets. After all, prices tend to bounce back during declines, and we will see the opposite during rises. Nagato warned that the cumulative value of cryptocurrencies could retract.
“For the total crypto market value, a new ATH. As of the writing of this article, it stands at 3.04T$. On a larger scale, it’s still nothing.
The worst scenario I see is that we will inevitably retest the 2.83T$ area, which was the highest weekly close in 2021 before taking off. However, a larger parabolic rise is starting (despite possible interim corrections).”
Roman Trading is known for its downturn warnings, and in his latest assessment, he stated that following a pullback to 91,600 dollars, the upward trend will continue. Only time will tell if he is correct.
