The cryptocurrency king remains above $98,000, yet altcoins have not triggered the anticipated rebound. The year’s end and the holiday week have led to reduced interest, causing the market to experience shallow movements. What are the latest predictions from experts regarding MOVE, Fartcoin, and BTC?
MOVE and Fartcoin Insights
While the total market value of cryptocurrencies is on the rise, substantial increases in altcoins are still absent. Despite the upcoming weekend, the holiday market has not seen a revival in trading volumes. Those waiting for a year-end rally are running out of time. Although BTC reclaiming the $98,500 mark is a positive sign, significant volatility is needed, and no major news triggers are expected.
The effects of the Fed’s past actions are fading, and January may bring excitement with Trump’s impending return to office. Regarding Fartcoin, Altcoin Sherpa forecasts a significant rise for this altcoin.
The analyst expects to see peaks above $1.40, while gradually buying in case of a decline to $0.79.
The same analyst shared thoughts on MOVE Coin:
“There has been strong momentum over the last few days. If it breaks here, you will see $1.40 quickly. I am closely observing how the market prices these new launches with high FDV as the mainnet arrives. I have accumulated enough MOVE.”
When Will the Altcoin Season Happen?
The extreme fluctuations in BTC prices are exerting pressure on altcoins. An analyst known as Altcoin Sherpa shared a chart drawing attention to the levels that altcoin investors should monitor.
“BTC remains in the same situation; as long as it stays in this range, we should see altcoin increases. If it loses either the high or low range, altcoins will face tough times.”
Historically, BTC’s consolidation at higher levels has allowed altcoins to rise. If the current range is maintained, BTC’s sideways movement could foster increases in many altcoins, as seen in previous peaks.
However, nobody can predict the future, and BTC will ultimately need to surpass $108,000 to establish a genuine all-time high.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
