Reports indicate a potential altcoin rally starting as soon as September, fuelled by shifts in market conditions and growing institutional interest. Coinbase and Pantera Capital are among the firms highlighting this bullish trend for alternative cryptocurrencies.
Pantera Capital’s report points to altcoins outperforming Bitcoin recently, marking a departure from the traditional Bitcoin-centric rally structure. The firm cites historical trends of two distinct Bitcoin price surges (Bitcoin-centric rallies) in late 2023 to early 2024 and later June-December 2024, with altcoins experiencing limited demand during these periods. However, this pattern may be changing.
Altcoins’ market share is surging as well. The total value of altcoin assets has grown by over 50% since July to reach $1.4 trillion dollars. Coinbase analysts note a recent shift in investor interest toward altcoins, evidenced by rising Google search volume for