Originally published on: November 30, 2024
As Bitcoin dominance takes a dip, analysts are predicting an ‘altseason’ for smaller cryptocurrencies, with XRP leading the charge into 2025.
The decline in Bitcoin dominance to 56.1% signals a shift in the market, indicating a potential rally for altcoins. This trend, known as altseason, sees smaller cryptocurrencies gaining momentum as investors diversify their portfolios beyond Bitcoin.
With Ethereum already on the rise, analysts are eyeing XRP as the next big mover. Chief analyst Ryan Lee forecasts XRP to reach $2.57 by the end of 2024, fueled by potential catalysts like the launch of an XRP ETF.
The upcoming departure of SEC Chair Gary Gensler on Jan. 20 could also pave the way for favorable cryptocurrency regulations, boosting investor appetite for altcoins like XRP. Additionally, Trump’s presidential inauguration on the same day is expected to further drive up prices, with some analysts predicting an Ether rally above $4,000.
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