Altcoins
Here’s when the altcoin market capitalization will reach new all-time highs, according to trader Jason Pizzino
A widely followed analyst is revealing a possible timeline for altcoin markets to post new all-time highs.
In a new strategy session, trader Jason Pizzino tells his 329,000 YouTube subscribers that he is closely watching the TOTAL3 chart, which tracks the market cap of all crypto assets excluding Bitcoin (Bitcoin), Ethereum (ET) and stablecoins.
According to Pizzino, TOTAL3 saw a 26-month accumulation period during the last cycle, from late 2018 to early 2021, before launching a parabolic rally
Pizzino says TOTAL3 could mirror the same pattern this cycle and could be just months away from triggering a strong upward surge.
“It would take us to about February, so the first quarter [of 2025]. Looking at Q4 2024 – Q1 2025, I think there’s probably going to be pretty good movement for a new, fresh high price…
All this fear of the market crashing would be forgotten by the fourth quarter. Here I will put my head on the line.”
Source: Jason Pizzino/YouTube
Looking at the trader’s chart, he seems to predict that the total altcoin market cap will drop to the 50% Fibonacci level at around $400 billion before triggering a recovery and reaching a new all-time high above $1 trillion early next year.
At the time of writing, TOTAL3 is around $597 billion.
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