🔥 Altcoins Most Bullish Since Summer 2022

The total altcoin marketcap (which is the total marketcap minus BTC's marketcap) has reached a new high since the August 2022 top. With a BTC trading around 42k, it was a matter of time before rest of the market started moving upwards as well.

In my view, this is one of the most bullish things in the market since it has been overall just a Bitcoin party (check out the Bitcoin dominance for example). Let's see if we can convincingly break out of the ~1.5 years of accumulation.

For now, I'm looking at a near-term target of 860B and a 1.25T long-term target, which is essentially a 2x on the entire market. We will get there somewhere next year.

Things are looking great for crypto.