A widely followed analyst reveals a possible timeline for the altcoin markets to reach new all-time highs.
In a new strategy session, trader Jason Pizzino tells his 329,000 YouTube subscribers to look closely at the TOTAL3 chart, which tracks the market capitalization of all crypto assets except Bitcoin (BTC), Ethereum (ETH) and stablecoins.
According to Pizzino, TOTAL3 witnessed a 26-month accumulation period during the last cycle, from late 2018 to early 2021, before launching a parabolic wave.
Pizzino says that TOTAL3 may reflect the same pattern in this cycle and that a steep upward wave could be a few months away.
“That would put us around February, so quarter one [of 2025]. If you look at the fourth quarter of 2024 – the first quarter of 2025, I think there’s probably a pretty good move in there for a new, fresh high price…
All this fear of a bear market would be forgotten in the fourth quarter. I’m going to stick my neck out here.”
Looking at the trader’s chart, he seems to predict that the total market cap of altcoins will fall to the Fibonacci level of 50%, around $400 billion, before a recovery takes hold and into a new one early next year record levels of more than $1 trillion.
At the time of writing, TOTAL3 is hovering at $597 billion.
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Generated image: DALLE3