Altcoins may be on the cusp of one last major rally in the current market cycle, but only those with strong fundamentals and real-world utility are likely to see meaningful gains, according to Jamie Coutts, chief crypto analyst at Real Vision.
During a recent livestream, Coutts expressed cautious optimism about the altcoin market, suggesting a potential “breadth thrust” within the next two months. However, he questioned the sustainability of such a rally, emphasizing that only projects with robust network activity and engaged users would benefit in the long run.
“There will be a recovery, but it will favor altcoins with high-quality fundamentals and returning user activity,”
Coutts explained, pointing to network activity as a key driver of price movements. He advised traders to monitor blockchain user flows closely, calling it a “north star” for identifying promising altcoin opportunities.
Momentum, he predicted, could start building by June—assuming Bitcoin reclaims or surpasses its previous all-time highs. However, in a market flooded with over 36 million altcoins, only a handful of networks hold significant value. According to CoinGecko, Ethereum currently leads with 55.56% of total value locked (TVL), followed by Solana, Bitcoin, BNB Smart Chain, and Tron.
Adding to the discussion, CryptoQuant CEO Ki Young Ju noted that trading volume has become a more critical factor in shaping altcoin market dynamics than Bitcoin’s dominance. He suggested that while many altcoins may struggle to recover, those with real-world applications and strong on-chain engagement could be poised for a final surge in this cycle.
Alt season has begun.
No direct BTC-to-alt rotation, but stablecoin holders are favoring alts. Alt volume is 2.7x BTC. BTC Dominance no longer defines alt season—trading volume does.
It’s a very selective alt season tho. DYOR. pic.twitter.com/7lSffDuuM8
— Ki Young Ju (@ki_young_ju) February 21, 2025
João Wedson, founder and CEO of Alphractal, reinforced this outlook, asserting that the market is on the brink of an altcoin resurgence despite Bitcoin’s dominance rising past 62%. He noted that many altcoins remain in an accumulation phase, potentially priming them for a breakout between April and May. Reflecting on market trends in March, Wedson highlighted that crypto investors could be approaching a pivotal moment, as analysts suggest that the ongoing accumulation phase may be a precursor to the next major altcoin rally.
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