The post Solana, Sui Could 20x Soon as Analyst Says ‘It’s Altcoin Time Now’ appeared first on Coinpedia Fintech News
The crypto market is entering a new phase, and analyst Lark Davis has said altcoins are about to take the lead. In a recent update, Davis shared that Bitcoin may have already seen the best of its gains this cycle, and now it’s time for altcoins to shine.
Davis explained that Bitcoin has already given a massive return this cycle after climbing to over $120,000. While Bitcoin still holds long-term value, Davis thinks it’s unlikely to deliver another big move like that anytime soon.
He explained that smart investors are now looking to shift their focus toward altcoins. According to him, Bitcoin has already “passed the baton,” and now the spotlight is turning to smaller and more rewarding crypto assets.
Signs of the Altcoin Rotation Are Already Visible
Ethereum is already showing signs of this shift. In July, ETH rose more than 57% while Bitcoin stayed mostly flat. In past market cycles, Ethereum outperforming Bitcoin has often signaled the start of a wider altcoin rally.
If Ethereum breaks above the $4,000 mark, over $1.2 billion worth of short positions could be wiped out. That could push ETH even higher and set the stage for a full-blown altcoin season.
Altcoins Offer Bigger Gains for Higher Risk
Davis also talked about the potential of altcoins to deliver much larger returns than Bitcoin. While Bitcoin might only double from current levels, some altcoins could go up 10 or even 20 times in value. That’s because altcoins are more volatile and have smaller market caps, giving them more room to grow.
He pointed to a chart that tracks all crypto assets outside the top 10. That chart recently broke through a strong resistance zone. That’s a classic signal that altcoins are waking up and getting ready to move.
A New Kind of Crypto Cycle Might Be Starting
Davis also said that the market could be moving away from the usual four-year crypto cycle. Instead, the market might be entering a longer phase of growth, thanks to new factors like ETFs, institutional investment, and regulatory clarity.
The analyst highlighted a few key areas where he sees big opportunities. These include layer-1 blockchains like Solana and Sui, AI-related tokens, real-world asset projects, and even meme coins. He also said DeFi is making a comeback after a long quiet period.
Another positive sign is that some public companies are starting to hold altcoins like Ethereum in their treasuries. This shows that even big institutions are starting to take altcoins seriously.