The crypto market’s unexpected weekend correction has set the stage for what could be a promising recovery for altcoins, suggests a well-regarded crypto analyst. The pseudonymous trader, known as Kaleo, recently communicated with his vast audience of 682,500 followers on the social media platform X, indicating that the digital asset arena may imminently enter an ‘up only’ phase. This bullish outlook is primarily based on Kaleo’s analysis of the Bitcoin dominance (BTC.D) chart, which appears to have peaked locally.

Bitcoin dominance is a crucial metric used by traders to determine the proportion of the total cryptocurrency market cap attributed to Bitcoin. A rise in BTC.D typically signifies Bitcoin outperforming altcoins, while a decrease indicates the opposite. Kaleo’s recent statements underscore his belief that altcoins, including popular memecoin Pepe (PEPE) and Ethereum rival Solana (SOL), have reached their market floors and are on the cusp of remarkable growth.

Kaleo pointed out that Bitcoin dominance sharply increased during the latest market downturn, but he anticipates a shift in momentum where altcoins may outperform Bitcoin soon. He specifically noted that Pepe, currently trading at $0.00001019 after a 10.3% increase, has achieved a target price, signaling the potential for a robust rebound.

Solana, currently priced at $207 following a slight 1% rise, is also on Kaleo’s radar. He predicts it could reach $1,000, describing the current price below $200 as being undervalued. Furthermore, Kaleo expressed optimism about Avalanche (AVAX), which may soon re-establish the $50 level as a support base, moving upwards from its current $27.43 valuation.

These insights from Kaleo reflect a sentiment shift within the crypto community, stirring anticipation for a potential altcoin market revival. As typical in the rapidly changing crypto landscape, it remains essential for investors to stay informed and exercise due diligence.

Stay updated on the latest crypto developments and trends by subscribing for email alerts delivered directly to your inbox!

Latest AI Art

  • score_9, score_8_up, score_7_up, source_anime, rating_explicit BREAK, ((1girl)), solo, looking at you, ((annoyed, embarrassed, shy, blushing)), (mascara, eyeliner), ((ruby necklace)), ((dark grey eyes, black hair ponytail)), ((massive breasts)), shiny skin,chifuyu orimura, ex odogaron armor, black gloves, black cape, black chaps, black knee boots, black headwear, ((black microbikini, nipple bulge, areolas visible, areolaslip, thigh cutouts, black thong)), ((Detailed vagina and clitoris, detailed nipples and areolas, puffy nipples)), , yes-no pillow, holding, pillow, flying sweatdrops, yes, holding pillow, blush, looking to the side, english text
  • score_9, score_8_up, score_7_up, source_anime, rating_explicit BREAK, ((1girl)), solo, looking at you, ((ahegao, drooling, moaning, blushing)), (mascara, eyeliner), ((ruby necklace)), ((dark grey eyes, black hair ponytail)), ((massive breasts)), shiny skin,chifuyu orimura, ex odogaron armor, black gloves, black cape, black chaps, black knee boots, black headwear, ((black microbikini, nipple bulge, areolas visible, areolaslip, thigh cutouts, black thong)), (hand on her hip), ((Detailed vagina and clitoris, detailed nipples and areolas, puffy nipples)), , anal missionary, ass, hetero, lying, penis, pussy, sex, on back, anus, bottomless, pov, anal, legs up, female ejaculation, missionary, blush, ahegao, open mouth, completely nude, nipples,
  • masterpiece, best quality, amazing quality, klskx, nsfw, explicit, 2girls, (dominant girl:1.3), front view, platinum hair, long hair, green eyes, tight latex, cross pasties, white gloves, (sitting on person:1.3), crossed legs, (submissive girl on all fours:1.2), side view, dark hair, brown eyes, (maid outfit:1.0), indoors, grand luxurious hall, red carpet, golden chandeliers, marble pillars, intricate details, (blurry background, depth of field, bokeh:0.9)
  • safe_pos, score_9, score_8_up, score_8, close up, 1girl , solo sexy elf woman, green eyes, long pink hair, thick eyeliner, perfect face, small breasts, small white tank top, tiny white thong, shy smile, volumetric lighting, sitting on bed, seductive, (large bed), (wariza), cinematic lighting, indoors, cozy bedroom, night
  • safe_pos, score_9, score_8_up, score_7_up, (age up:1.0) BREAK 1girl , (blonde hair, messy bun, wispy bangs), (medium saggy breasts), freckles, cute face, [wrinkles, dimples],(realistic skin:1.3)∙(detailed skin:1.3)∙(skin texture:1.3)∙(perfect skin:1.3). leaning back, in water ,in hotspring, rocks,naked, reflection in water. (looking at viewer), [coy smile]. portrait , breast focus, side view, (closeup:1.2), dappled lighting. (bokeh, shallow depth of field). (cinematic lighting:1.3), (chromatic aberration), (4K image quality:1.3), (sharp detail:1.3), (highly realistic:1.3), (dim warm cinematic lighting:1.3)

Discover More

Share This Story, Choose Your Platform!

Leave A Comment

Coins of the Hour

HOT TOPICS