- Bitcoin reclaims the $105,000 price range drawing attention to altcoin potential.
- Some altcoins like SUI and ONDO have already set new ATHs before altseason peak.
- Analyst confirms greater ATH prices ahead for ONDO this altseason.
The price of Bitcoin (BTC) is back to the $105,000 price level and analysts expect a greater price target reclamation if BTC closes above $106,000 on the daily chart. If BTC succeeds, the pioneer crypto asset will go on to hit its next ATH target set at $120,000. The same sentiments extend to altcoins as well.
Altcoins Show Bullish Indicators
As we are about to enter February, the second month of Q1 which has historically been the most bullish month of any Q1 following a Bitcoin Halving year, analysts are certain that the peak of this cycle’s altseason is nearly upon us. Most likely, Ethereum will set a new ATH in the coming weeks spurring the start of altseason’s peak.
In detail, many altcoins including XRP, FET, VET, VTHO, and ADA have already pumped a fair amount but have yet to set a new ATH this cycle. Meanwhile, new potential and popular altcoins like ONDO and SUI have already set new ATHs this cycle and continue to show strong indicators for greater gains ahead.
ONDO Set For a Greater Run This Altseason
People think #ONDO is over becuase it has “Pumped already”, the truth is the real pump has not even started yet. How can a coin such as AVAX or ADA have a higher market cap than ONDO ?
ONDO only $4.5bn market cap, while coins such as ADA sit on $33bn. Think about it ..
— Doctor Profit 🇨🇭 (@DrProfitCrypto) January 29, 2025
For ONDO in particular, one reputed crypto analyst has been a strong advocate for its bullish capability. He says that many believe ONDO has finished this cycle’s run however he believes the asset still has much higher to go. As we can see from the post above, ONDO has a much lower market cap than AVAX and ADA and will most certainly continue to pump.
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