Altcoin Markets Poised for Q1 Hype Cycle with Strong Performance of Ethereum-Based Altcoin, Says Analyst
According to crypto strategist Rekt Capital, the altcoin markets may experience a surge in the coming weeks, similar to the Q4 2023 hype cycle. This surge was largely driven by the bullish price action of Solana and Chainlink. With both altcoins witnessing rallies in the past few days, Rekt Capital believes the market may be gearing up for a Q1 altcoin hype cycle. Other analysts, including Inmortal and Kevin Svenson, also believe that Chainlink has a profound effect on the crypto markets. At the time of writing, LINK is trading for $17.91, up more than 20% since the start of the year, while SOL is worth $98.46, up more than 24% from its January low of $79.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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