Altcoin Super Cycle Predicted as Ethereum/Bitcoin Pair Breaks Nine-Year Trend
Ran Neuner, a well-known analyst in the cryptocurrency market, has made a significant prediction for the altcoin market. He believes that a new altcoin supercycle may be starting after the break of a technical trend that has been ongoing for approximately nine years.
The trend-breaking event occurred on the Ethereum/Bitcoin (ETH/BTC) pair, which Neuner sees as a significant signal for the altcoin market. The ETH/BTC pair has broken its downtrend, which has lasted for about nine years, indicating that the long-term weakness of altcoins against Bitcoin may be ending.
Neuner notes that this development could lead to higher return potential for altcoins following Bitcoin's rise. He argues that investors should focus on blockchain projects with real use cases and growing user economies in the new era.
The analyst holds several altcoins, including Solana, Hyperliquid, Ethereum, and Zcash, which he believes has the potential to go up 10 times or even 100 times from its current value. He also highlights other altcoins such as Lighter, Bittensor, NEAR Protocol, and Ethena.