Cryptocurrency analysts foresee a significant shift in market dynamics, with Bitcoin’s dominance potentially declining as alternative cryptocurrencies experience a surge, potentially starting as early as the end of this month. This ‘altseason’ could lead to significant gains for altcoins like Ethereum, Cardano, Solana, Ripple, Dogecoin, and Polkadot.
Famed investor Steve Eisman, known for his successful bet against subprime mortgages in 2008, has dropped his prediction for the 2024 presidential election following President Biden’s withdrawal. Eisman previously predicted a Trump victory but now says he has ‘no idea’ who will win with Kamala Harris as the Democratic nominee. The investor’s prediction reflects the market’s uncertainty surrounding the election and its potential impact on economic policies.
Crypto analyst Benjamin Cowen predicts Ethereum will outperform Bitcoin in 2025, citing historical patterns and the potential for a shift in market dynamics driven by the Federal Reserve’s monetary policy. He suggests investors may want to adjust their portfolios, increasing their Ethereum allocation closer to 20% by 2025.
