Altcoins Not Dead: How Crypto Markets Are Shifting Amid Strong Momentum

Crypto markets have seen massive growth in the past, but can altcoins still deliver 100x gains? According to Alice Liu, Head of Research at CoinMarketCap, triple-digit returns are not dead, they're just showing up in different corners of the market. She points out that meme coins are back and moving fast, with momentum around Justin Sun-linked tokens and those built on Robinhood Chain.

Liu notes that while it's unlikely for established projects to reach 100x gains, solid fundamentals still offer real upside, possibly in the range of 10x to 20x. The current market is only just beginning to shift out of Bitcoin's shadow, with the Altcoin Season Index reading at 36, indicating a rotation between narratives.

Liu disagrees that Bitcoin needs to smash a new all-time high for altcoins to gain traction. Instead, decisive price action from Bitcoin, clearing key levels like $70,000 or $80,000, boosts overall market liquidity and confidence, typically spreading into Ethereum and DeFi before meme coins catch up.