News View Non-AMP

Altcoin Rally Soon? Analyst Predicts $7 Trillion Market Cap Post USA Elections

Published by
Mustafa Mulla

The altcoin market has faced considerable upheaval in 2024. After rising to over $1.27 trillion in March, it has recently dropped to $889 billion. This decline follows a consistent pattern of lower highs and lower lows, indicating a clear downward trend.

With these fluctuations, one pressing question remains: Is the bull run for altcoins truly over?

Prepare for the Altcoin Bull Run!

Despite the recent downturn, well-known analyst Ethernasyonal believes that the fourth quarter of 2024 could signal the start of a significant bull run for altcoins. He suggests that historical trends may closely align with the upcoming U.S. presidential elections, which could reshape the altcoin market.

Ethernasyonal highlights an interesting trend in the cryptocurrency market. He points out that there were 701 days between the local bottom in December 2018 and the peak in November 2020.

A similar gap of 701 days also appears between the local bottom in November 2022 and the expected events in October 2024. This consistent timing suggests that a bullish phase might be just around the corner.

Learning from the Past

Looking back, the last bull run began shortly after the U.S. presidential elections on November 3, 2020. Ethernasyonal believes we might see a repeat of this pattern following the elections on November 5, 2024. If history is any guide, the crypto market could experience a resurgence similar to what we saw in previous cycles.

Bold Predictions!

Ethernasyonal’s predictions extend beyond just timing. He forecasts that the total market capitalization for altcoins could surge to over $7 trillion during this anticipated rally. 

Currently, the altcoin market sits at about $886.6 billion. Such a dramatic increase would signify a major shift in the crypto landscape, especially for altcoins.

Technical Analysis: Should You Be Cautious?

Echoing a bullish stance crypto analyst Moustache has a bullish view, noting that USDT’s dominance is currently creating an “ascending broadening wedge” pattern. This pattern usually suggests bearish trends ahead.

When an asset shows this kind of pattern, it typically indicates a potential drop in value. This shift could lead to funds moving back into altcoins, possibly triggering an altcoin rally, often referred to as “altcoin season.”

Could the U.S. presidential elections truly shape the fate of altcoins? Join the discussion.

Mustafa Mulla

Mustafa has been writing about Blockchain and crypto since many years. He has previous trading experience and has been working in the Fintech industry since 2017.

Recent Posts

Cardano Price Drops But ADA Remains A Hugely Bullish Bet For Experts, Along With RTX and SUI

Cardano's price has dropped 1.88% to $0.7908 but is still a top long-term crypto bet,…

July 26, 2025

We Asked Grok, ChatGPT, and Deepseek AI To Pick The Next Shiba Inu (SHIB) – They All Agreed On This Coin

Shiba Inu coin's recent market performance has shown signs that the meme coin might be…

July 26, 2025

Ripple Price Prediction – How Much Could 1,000 XRP Be Worth in 2026?

Despite recent selling pressure from Ripple’s co-founder, Chris Larsen, and a 20% drop in XRP’s…

July 26, 2025

$600 in Ozak AI Could 100x by Listing Day—Why Everyone Is Rushing In

Crypto investors are flooding into Ozak AI’s presale—and for good reason. With a current price…

July 26, 2025

El Salvador’s Bitcoin Strategy Faces Doubts Amid IMF Pressure and Mixed Signals

El Salvador’s Bitcoin journey is facing fresh doubts. The government says it’s still buying BTC…

July 26, 2025

Dogecoin Price Eyes Parabolic Rally as Double Bottom Pattern Emerges

The Dogecoin price is once again at the center of crypto market attention. After a…

July 26, 2025