Willy Woo says Bitcoin is crowned as the perfect asset for the next thousand years. Okay, that’s a pretty long time.
Altseason Signals Grow as Ethereum Surges
Ethereum’s breakout above $4,300, coupled with gains in XRP, Solana, and Dogecoin, points to early signs of capital rotation away from Bitcoin.
BTC dominance has slipped from 62% to below 58% in recent weeks, and if altcoins maintain consistent outperformance, with the Altcoin Season Index showing 75% of top alts beating BTC over the past 90 days, it could mark the onset of a true altseason.
Ethereum’s record $238 billion in July transaction volume and accelerating Layer-2 adoption add weight to this shift.
In the short to medium term, Ethereum’s momentum looks bullish, poised to test $5,000 if it holds above $4,200, though a pullback to $3,600 remains possible if its overbought RSI (now 68.8) sparks profit-taking.
XRP, now above $3.10 and targeting $3.40, could push to $3.66 if momentum holds, though whale selling poses a risk.
Solana’s double-digit weekly gains put $200 within reach, while Dogecoin could climb to $0.20 if trading volumes stay elevated.
A confirmed altseason would require sustained altcoin outperformance, a rise in total altcoin market cap toward $1.5 trillion, and continued ETF inflows.
Ryan Lee, Chief Analyst at Bitget
Disclosure:This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
Kriptoworld.com accepts no liability for any errors in the articles or for any financial loss resulting from incorrect information.
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BTC and ETH Price Predictions
Bitcoin (BTC) is likely to trade in the $115,000–$140,000 range, while Ethereum could climb to $4,000–$4,600, with its recent jump to $4,000 showcasing strong market momentum.
Sustained ETF inflows are bolstering confidence, while the anticipated Federal Reserve rate cut in September is set to improve liquidity and favor risk assets, potentially igniting further altcoin rallies.
Corporate adoption remains a powerful tailwind, with more listed companies adding crypto to their balance sheets.
For Ethereum, the move past $4,000 reflects solid fundamentals and rising demand from both DeFi and TradFi markets.
Ryan Lee, Chief Analyst at Bitget
Disclosure:This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
Kriptoworld.com accepts no liability for any errors in the articles or for any financial loss resulting from incorrect information.
