Altcoins Poised for Massive 14X Rally as AI Agents Fuel On-Chain Activity

Analyst Ran Neuer believes that the upcoming crypto rally will be driven primarily by altcoins, marking what could be 'crypto's first real bull market.'

The reasoning behind this prediction is based on Bitcoin's shrinking returns with each cycle. The first cycle delivered a roughly 100x return, while the most recent completed cycle came in at around 6-7x.

Neuer expects Bitcoin's next move to be modest, potentially reaching $200,000 to $250,000, which represents a 2x to 3x gain from current levels. However, he believes that altcoins could outperform Bitcoin by roughly 7x this cycle.

This estimate is based on the ratio of 'Others' (altcoins excluding the top 10 by market cap) against Bitcoin's price, which has moved in a slight long-term uptrend despite two painful boom-and-bust cycles. According to Neuer, this ratio sits near the bottom of its historical channel.

Combining Neuer's conservative estimate for Bitcoin with his projected altcoin outperformance, he estimates that altcoins could deliver roughly 14x returns on average this cycle.