A closely followed crypto strategist believes that the altcoin markets may be setting up for a strong surge in the coming weeks.
Pseudonymous analyst Rekt Capital tells his 394,800 followers on the social media platform X that the altcoin hype cycle in Q4 of 2023 was largely driven by the bullish price action of the layer-1 protocol Solana (SOL) and the Ethereum (ETH)-based oracle provider Chainlink (LINK).
With both SOL and LINK witnessing rallies in the past few days, Rekt Capital says the altcoin markets may be gearing up to repeat their strong performance last quarter.
“Both SOL and LINK kickstarted the first wave of altcoin rallies months ago.
They were the top performers in the Q4 altcoin hype cycle of 2023.
Both SOL and LINK are rallying… outperforming yet again.
The market may be gearing up for a Q1 altcoin hype cycle.”
Rekt Capital is not the only analyst who thinks Chainlink has a…
