Greatest Wealth Transfer Is about To Happen For Altcoins, Analyst Warns

bitcoinistPublished on 2026-03-28Last updated on 2026-03-28

Abstract

An analyst warns that a major wealth transfer to altcoins may be imminent, despite their underperformance in the last bull run. Altcoins have been consolidating within a large wedge pattern since 2018, including during the 2021-2022 rally. The analyst, Cryptollica, suggests the altcoin market bottomed in 2025 and is poised for a breakout, predicting a potential 500% surge that could propel assets like Ethereum and Solana to new all-time highs. However, the Altcoin Season Index remains neutral at 50, well below the 75 threshold indicating a true altcoin season. With Bitcoin dominance still high at 58.8%, a full altcoin season typically requires a further drop in Bitcoin's market share.

One part of the last bull run that disappointed investors was the fact that altcoins seemed to completely fall behind against Bitcoin. Going by previous bull markets, the expectation was that altcoins would rally once the Bitcoin price topped, leading to the legendary ‘altcoin season.’ While there has been nothing like that since then, many in the space have still not given up hope of an altcoin season, predicting that it is only a matter of time before altcoins rally again.

Altcoins Are Getting Ready To Take Off

Crypto analyst Cryptollica shared a chart showing that altcoins have actually been trading in an interesting trend for a while. According to the post, these cryptocurrencies have been compressing inside a massive wedge, and this did not begin recently.

Cryptollica pointed out that the total altcoin market cap has actually been compressed inside this massive wedge since 2018. This would mean that it has been this way for more than seven years, and that even the explosive altcoin season that was experienced in 2021-2022 also happened inside of this massive wedge.

Using the same trend over the years, the crypto analyst point out that the altcoin market has actually bottomed back in 2025. A similar trend was seen in early 2021, after which followed a legendary altcoin season that saw various altcoins hitting multiple new all-time highs at rapid speed.

If the crypto analyst is correct and the altcoin market is about to break out of this wedge, then it would be very bullish for price. The analyst predicts an over 500% increase, which would mean the likes of Ethereum, Solana, and other altcoins would be hitting new all-time highs.

Source: X

Altcoin Season Index Stays Neutral

The Altcoin Season Index measures how the top 100 altcoins are performing against Bitcoin. The more of the altcoins are performing better than Bitcoin, the higher the chances that the market is experiencing an altcoin season. This index charts the performance on a scale of 1-100, and in an altcoin season, the index sits above 75.

Presently, the index is sitting at 50, which means that altcoin season is still not here. The Bitcoin dominance has since dropped below 60%, but remains quite high at 58.8%. Hence, it is unlikely that the altcoin season is starting now. This is because an altcoin season usually happens when the Bitcoin dominance drops.

Altcoin market cap still below $3 billion | Source: Crypto Total Market Cap Excluding BTC on TradingView.com

Trending Cryptos

Related Questions

QAccording to the analyst Cryptollica, what pattern has the total altcoin market cap been trading in since 2018?

AThe total altcoin market cap has been compressing inside a massive wedge pattern since 2018.

QWhat does the current Altcoin Season Index reading of 50 indicate about the market?

AAn Altcoin Season Index reading of 50 indicates that an altcoin season is not currently happening, as the index needs to be above 75 to signal an altcoin season.

QWhat is the predicted percentage increase for the altcoin market if it breaks out of the wedge, according to the analyst?

AThe analyst predicts an over 500% increase for the altcoin market if it breaks out of the wedge.

QWhat is the relationship between Bitcoin dominance and the start of an altcoin season, as mentioned in the article?

AAn altcoin season usually happens when the Bitcoin dominance drops, as it indicates that altcoins are outperforming Bitcoin.

QWhat significant event does the analyst compare the current altcoin bottom to, suggesting a similar outcome could happen?

AThe analyst compares the current altcoin market bottom to the one seen in early 2021, which was followed by a legendary altcoin season where many altcoins rapidly hit new all-time highs.

Related Reads

L2 'Recalibration': When L1 Becomes Its Own Rollup, What Is Ethereum's Endgame?

The article discusses the evolving relationship between Ethereum's Layer 1 (L1) and Layer 2 (L2) solutions, moving beyond the initial "L2 for scaling" model. As Ethereum L1 itself scales (increasing Gas Limit, statelessness, zkEVM), the unique value proposition of L2s shifts from merely providing cheap execution to offering differentiated features like application-specific optimization, privacy, and flexible governance. The piece explores three key themes: 1. **L2's New Role:** L2s are transitioning from a pure scaling technology to a spectrum of execution environments with varying degrees of security inheritance from Ethereum L1. 2. **Interoperability as State Trust:** Solving L2 fragmentation is less about cross-chain bridges and more about enabling faster, trust-minimized state verification between environments. This involves initiatives like faster L1 finality, intent-based architectures (Open Intents Framework), and native account abstraction. 3. **Blurring Layers:** With the potential integration of zk-proofs into L1 validation (making L1 akin to its own "Rollup") and the concept of "Native Rollups," the rigid boundary between L1 and L2 may fade. The future could be a unified system with multiple execution domains (for DeFi, gaming, privacy, etc.) sharing a common security, settlement, and state framework. In conclusion, Ethereum's goal is not to abandon L2s or re-centralize everything on L1, but to re-integrate the fragmented user experience—liquidity, accounts, applications—while preserving the scaling benefits of a multi-environment ecosystem. The endgame is a cohesive "one chain" feeling for users, powered by diverse but securely interconnected execution layers.

marsbit40m ago

L2 'Recalibration': When L1 Becomes Its Own Rollup, What Is Ethereum's Endgame?

marsbit40m ago

Trading

Spot

Hot Articles

How to Buy ONE

Welcome to HTX.com! We've made purchasing Harmony (ONE) simple and convenient. Follow our step-by-step guide to embark on your crypto journey.Step 1: Create Your HTX AccountUse your email or phone number to sign up for a free account on HTX. Experience a hassle-free registration journey and unlock all features.Get My AccountStep 2: Go to Buy Crypto and Choose Your Payment MethodCredit/Debit Card: Use your Visa or Mastercard to buy Harmony (ONE) instantly.Balance: Use funds from your HTX account balance to trade seamlessly.Third Parties: We've added popular payment methods such as Google Pay and Apple Pay to enhance convenience.P2P: Trade directly with other users on HTX.Over-the-Counter (OTC): We offer tailor-made services and competitive exchange rates for traders.Step 3: Store Your Harmony (ONE)After purchasing your Harmony (ONE), store it in your HTX account. Alternatively, you can send it elsewhere via blockchain transfer or use it to trade other cryptocurrencies.Step 4: Trade Harmony (ONE)Easily trade Harmony (ONE) on HTX's spot market. Simply access your account, select your trading pair, execute your trades, and monitor in real-time. We offer a user-friendly experience for both beginners and seasoned traders.

4.4k Total ViewsPublished 2024.03.29Updated 2026.06.02

How to Buy ONE

Discussions

Welcome to the HTX Community. Here, you can stay informed about the latest platform developments and gain access to professional market insights. Users' opinions on the price of ONE (ONE) are presented below.

活动图片