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Despite the recent correction in the altcoins market, Solana (SOL) and Sui (SUI) are emerging as potential catalysts for the next big rally. The current market situation mirrors the bull markets of 2017 and 2021, where explosive growth was seen in the TOTAL 3 market cap chart, which excludes Bitcoin and Ethereum. Could we be on the verge of a similar altcoin surge?
Strong Momentum Building in the Altcoin Market
The TOTAL 3 market cap metric indicates that altcoins may be gearing up for significant growth. Crypto analyst Daan Crypto Trades has highlighted the importance of the TOTAL 3 market cap relative to Bitcoin’s price, offering critical insights into the momentum between Bitcoin and altcoins. In both 2017 and 2021, altcoins started to rally explosively just after Bitcoin broke its all-time high and entered a consolidation phase. Currently, Bitcoin’s price is consolidating around $94,500, following a recent dip in network activity.
Furthermore, altcoin trading volumes on Binance have surged to an impressive 78%, indicating a potential shift toward altcoins. This momentum could suggest that a robust altcoin bull market is on the horizon, with 2025 looking promising for a major rally. Notably, new listings on Binance, such as AIXBT, CGPT, and COOKIE AI Coins, have seen rallies of 50% or more, further fueling optimism.
Solana (SOL) and Sui (SUI): The Potential Leaders
Recent data from Artemis reveals strong inflows into Solana (SOL) and Sui (SUI), while Ethereum (ETH) has experienced outflows. This trend signifies a shift in investor sentiment, with capital moving toward these altcoins. Despite some recent downturns—Solana’s price is down 4% under $180 and Sui has corrected 9% to $4.40—analysts remain bullish on both assets.
Crypto experts like Crypto Patel have predicted significant growth for these tokens, forecasting Solana’s price could reach $500 and Sui’s price could touch $10. As the altcoins market shows signs of recovery, Solana and Sui could play a pivotal role in the next explosive rally.
In conclusion, the altcoin market is showing signs of preparing for an exciting surge, with Solana and Sui positioned as potential leaders. Investors and market participants will need to keep a close eye on these developments as the market shifts toward altcoins.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
Also Read: Solana (SOL) Price Dips Below $200: Will It Find Support at $214 or Fall to $183?
I’m a crypto enthusiast with a background in finance. I’m fascinated by the potential of crypto to disrupt traditional financial systems. I’m always on the lookout for new and innovative projects in the space. I believe that crypto has the potential to create a more equitable and inclusive financial system.
