- Altcoins gain more recognition as several show bullish indicators.
- Internet Computer is one such asset that hints at an almost 8x pump.
- ICP price could pump almost 700% taking it to a target of $79.
Altcoins are steadily taking over the crypto market as BTC continues its struggle to maintain dominance. Despite its slight dominance over altcoins, analysts expect this to flip soon as expectations for the peak of the altseason to arrive only grow strong as the year moves further into Q1 of 2025.
Altcoins Gain Rapid Momentum
These high expectations come from the historical fact that the Q1 following a Bitcoin Halving year has always seen the peak of that Bitcoin bull cycle’s altseason take place. Usually, in this period of time, several altcoins go parabolic setting up a string of new ATHs and the same expectations are playing out now.
To add to the momentum, several altcoins are already showing high bullish indicators hinting at a major price pump for many altcoins in the coming weeks and months. Despite these indicators, Bitcoin is showing its own resilience as signs indicate a major reversal for the pioneer crypto asset by the end of this month or the start of the next.
Pump of Almost 700% Awaits Internet Computer (ICP)
Still, altcoins may just take the spotlight away from Bitcoin in the coming weeks ahead. One such altcoin could be Internet Computer (ICP). According to CoinMarketCap data, ICP price stands at $9.97 a huge gap to its previous ATH of $750.73 set 4 years ago. As we can see from the post above, ICP is hinting at a massive run to the $79.572 target. This run could lead to a pump of over 693% climb, or otherwise a near 8x pump.
