{"id":664866,"date":"2024-12-19T08:30:56","date_gmt":"2024-12-19T08:30:56","guid":{"rendered":"https:\/\/wncen.com\/?p=664866"},"modified":"2024-12-19T08:21:19","modified_gmt":"2024-12-19T08:21:19","slug":"crypto-expert-predicts-major-altcoin-season-as-market-cap-eyes-record-levels","status":"publish","type":"post","link":"https:\/\/wncen.com\/altcoin\/crypto-expert-predicts-major-altcoin-season-as-market-cap-eyes-record-levels\/","title":{"rendered":"Crypto Expert Predicts Major Altcoin Season As Market Cap Eyes Record Levels"},"content":{"rendered":"

Market expert Lark Davis has recently taken to social media to assert that the much-anticipated altcoin season is far from over despite short-term corrections and challenges the broader crypto market faces.\u00a0<\/span><\/p>\n

Davis believes that significant opportunities lie ahead for altcoins, particularly as their total market capitalization <\/span>(excluding Bitcoin and Ethereum) hovers around $1.05 trillion.<\/span><\/p>\n

Key Factors For Impending Altcoin Season<\/span><\/h2>\n

The expert <\/span>points out <\/span><\/a>that the current altcoin market cap is nearing its previous high of $1.13 trillion from November 2021. He recalls a similar scenario from February 2021, when the altcoin market cap tested the highs from January 2018 before breaking through.\u00a0<\/span><\/p>\n

This breakout resulted in an impressive surge from $360 billion in February 2021 to $1.13 trillion by November 2021\u2014an increase of over 200%.\u00a0<\/span>Davis firmly believes that once the altcoin market cap surpasses the $1.13 trillion threshold again, we could witness one of the largest altcoin seasons in the history of cryptocurrency.<\/span><\/p>\n

Related Reading: Whales Snap Up 30 Million XRP As Ripple Launches Its RLUSD Stablecoin<\/a><\/div>\n

Several<\/span> key factors<\/span><\/a> contribute to Davis’s optimism regarding the impending altcoin surge:<\/span><\/p>\n