Crypto Expert Explains How Bitcoin (BTC) Will Determine the Start of Altseason, States When to Expect 100x Gains
Ash Crypto, a popular cryptocurrency analyst and influencer with more than 1 milion followers on X, has boldly predicted the start of the long-awaited “altseason” – a period of substantial price increases for alternative cryptocurrencies beyond Bitcoin. In a recent tweet, Ash Crypto stated that altseason will kick off as Bitcoin trades in the range of $60,000 to $70,000.
For those unfamiliar, altcoins refer to all cryptocurrencies other than Bitcoin, the original and most well-known digital currency. Ethereum, the second-largest cryptocurrency by market capitalization, is often considered the leader of the altcoin pack.
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Show more +According to Ash Crypto’s prediction, Ethereum’s native token Ether (ETH) will break the $4,300 level during this initial altcoin surge. The analyst suggests that the anticipated approval of a spot Ethereum ETF (Exchange Traded Fund) could drive FOMO (Fear Of Missing Out) and propel ETH prices above $5,000. Spot ETFs are investment vehicles that directly track the price of an underlying asset, in this case, Ethereum.
Ash Crypto justifies the potential for such a rally by pointing out that if Bitcoin can achieve a 4.6x price increase from current levels, Ethereum will “definitely do more.” This implies that the analyst expects Ethereum to outperform Bitcoin during the altcoin season.
However, the most eye-catching part of Ash Crypto’s prediction is the forecast of a subsequent 100x altcoin rally, which the analyst believes will occur after Bitcoin breaks the $100,000 mark, an event projected for early 2025. A 100x price increase would represent a monumental gain for investors in promising altcoin projects.
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