{"id":18073,"date":"2024-10-25T11:24:49","date_gmt":"2024-10-25T08:24:49","guid":{"rendered":"https:\/\/forklog.com\/en\/hashkey-capital-predicts-altcoin-season-post-80000-bitcoin\/"},"modified":"2024-10-25T11:24:49","modified_gmt":"2024-10-25T08:24:49","slug":"hashkey-capital-predicts-altcoin-season-post-80000-bitcoin","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/hashkey-capital-predicts-altcoin-season-post-80000-bitcoin\/","title":{"rendered":"Hashkey Capital Predicts Altcoin Season Post-$80,000 Bitcoin"},"content":{"rendered":"<p>Merely surpassing Bitcoin&#8217;s current all-time high of around $74,000 is insufficient to kickstart an altcoin season, according to analysts at Hashkey Capital.<\/p>\n<blockquote class=\"twitter-tweet\" data-conversation=\"none\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">Read our latest report \u2014 Why We Are Bullish on Altcoins to stay ahead?<a href=\"https:\/\/t.co\/G8zkOwHtfx\">https:\/\/t.co\/G8zkOwHtfx<\/a><\/p>\n<p>\u2014 HashKey Capital (@HashKey_Capital) <a href=\"https:\/\/twitter.com\/HashKey_Capital\/status\/1849659750511935699?ref_src=twsrc%5Etfw\">October 25, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Historically, market rallies beyond the leading cryptocurrency are linked to an increase in its market dominance index to levels between 62-70%, experts noted.<\/p>\n<p>To meet this condition, the price of digital gold must reach $76,000-$108,000.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;In an optimistic scenario, an altcoin season becomes most likely when Bitcoin&#8217;s price exceeds $80,000,&#8221; wrote analysts at Hashkey Capital.<\/p>\n<\/blockquote>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"527\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/1_cMr2o1xgbrtIXJzE7lVKJA-1024x527.png\" alt=\"1_cMr2o1xgbrtIXJzE7lVKJA\" class=\"wp-image-243893\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/1_cMr2o1xgbrtIXJzE7lVKJA-1024x527.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/1_cMr2o1xgbrtIXJzE7lVKJA-300x154.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/1_cMr2o1xgbrtIXJzE7lVKJA-768x395.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/1_cMr2o1xgbrtIXJzE7lVKJA.png 1400w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Bitcoin dominance chart and altcoin seasons. Data: Hashkey Capital.<\/figcaption><\/figure>\n<p>The first cryptocurrency&#8217;s quotes traditionally show an upward movement in the fourth quarter of the year \u2014 an average increase of about 40%, experts reminded. Additionally, following the US elections (this year on November 5), the price of digital gold typically continues to rise for up to six months.<\/p>\n<p>The strongest growth in altcoins is observed three months before Bitcoin reaches new local highs.<\/p>\n<p>Among the &#8220;reliable foundations&#8221; of the expected altcoin season, analysts named:<\/p>\n<ul class=\"wp-block-list\">\n<li>Solana \u2014 growth in on-chain activity due to a meme token boom, network collaboration with major <span data-descr=\"traditional finance\" class=\"old_tooltip\">TradFi<\/span> players (<a href=\"https:\/\/u1f987.com\/en\/news\/franklin-templeton-hints-at-solana-etf-launch\">Franklin Templeton<\/a> and Citibank), low network costs, and an active community;  <\/li>\n<li>Chainlink \u2014 prospects as an oracle provider for the expanding RWA segment; <\/li>\n<li>DeFi \u2014 liquidity inflow amid the US Federal Reserve&#8217;s key rate reduction.<\/li>\n<\/ul>\n<p>&#8220;Headwinds&#8221; could include planned token unlocks of approximately $155 billion and issues in Ethereum. The March <a href=\"https:\/\/u1f987.com\/en\/news\/ethereum-developers-activate-dencun-hard-fork-on-mainnet\">Dencun hard fork<\/a> significantly <a href=\"https:\/\/u1f987.com\/en\/news\/dencun-update-significantly-reduces-fees-in-layer-2-networks\">reduced fees<\/a> for L2 solutions in the Ethereum ecosystem. The main blockchain&#8217;s fee volume decreased, and the cryptocurrency returned to an inflationary model. Activity shifted to the second layer, and Vitalik Buterin warned of fragmentation risks, experts noted. <\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;Despite this, Ethereum is unlikely to become a low-profit operator due to its relatively small capital expenditures. Although competitors emerge in every cycle, this does not weaken the blockchain&#8217;s strong position,&#8221; they emphasized.<\/p>\n<\/blockquote>\n<p>Earlier, technical analyst Peter Brandt saw the potential for a 27-fold increase in Solana.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Merely surpassing Bitcoin&#8217;s current all-time high of around $74,000 is insufficient to kickstart an altcoin season, according to analysts at Hashkey Capital. Read our latest report \u2014 Why We Are Bullish on Altcoins to stay ahead?https:\/\/t.co\/G8zkOwHtfx \u2014 HashKey Capital (@HashKey_Capital) October 25, 2024 Historically, market rallies beyond the leading cryptocurrency are linked to an increase [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":18072,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[20,1146,1592],"class_list":["post-18073","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-altcoins","tag-cryptocurrency-market-forecasts","tag-hashkey"],"aioseo_notices":[],"amp_enabled":true,"views":"16","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/18073","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=18073"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/18073\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/18072"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=18073"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=18073"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=18073"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}