Analyst Predicts Significant Decline in Altcoins Prices in Upcoming Months

Historical Market Cycle Indicates Potential Price Drop for Altcoins

Founder of ITC Crypto Benjamin Cohen Warns of Impending Market Correction

According to analyst Benjamin Cohen, altcoins are poised for a major price decrease in the near future. This anticipated drop is expected to occur by the end of 2024 or in January 2025. Cohen’s prediction is based on the historical patterns observed in the crypto market. Notably, the last significant decline in altcoin prices took place during the bear market in 2019. Subsequently, these coins gradually regained their value throughout 2020 and skyrocketed to new record highs in 2021.

Possible Market Scenario for Altcoins in 2025

Cohen Projects Similar Market Behavior Following Bitcoin Halving Events

Cohen speculates that a similar market trend could unfold in 2025. In a recent tweet, he highlighted the consistent decline in altcoin values relative to bitcoin over the past three years. He noted that previous altseasons coincided with the bitcoin halving events in 2017 and 2021, respectively. The most recent bitcoin halving occurred in April 2024.

Altcoin Season Continues with Diminishing Returns

Analyst Willie Wu Predicts Lower Profitability Despite Ongoing Altcoin Season

Contrary to Cohen’s forecast, analyst Willie Wu believes that the altcoin season will persist but with reduced profitability. This indicates that while altcoins may continue to rise in value, the rate of return for investors is likely to diminish.

Emerging Trend: Memecoins Expected to Drive Market in 2025

Industry Experts Foresee Memecoins as Key Market Drivers in the Coming Year

Industry experts are anticipating that memecoins will be the primary catalysts for market growth in 2025. With a shift towards meme-based cryptocurrencies, investors are expected to flock to these assets in search of potential gains.