Altcoin Markets Gearing Up for Q1 Hype Cycle Amid Strong Performance of Ethereum-Based Altcoin, Says Analyst

Altcoin Markets Gearing Up for Q1 Hype Cycle Amid Strong Performance of Ethereum-Based Altcoin, Says Analyst

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The Australian info A carefully followed crypto strategist thinks that the altcoin markets might be setting up for a strong rise in the coming weeks. Pseudonymous expert Rekt Capital informs his 394,800 fans on the social media platform X that the altcoin buzz cycle in Q4 of 2023 was mainly driven by the bullish rate action of the layer-1 procedure Solana (SOL) and the Ethereum (ETH)-based oracle serviceprovider Chainlink (LINK). With both SOL and LINK seeing rallies in the past coupleof days, Rekt Capital states the altcoin markets might be tailoring up to repeat their strong efficiency last quarter. “Both SOL and LINK started the veryfirst wave of altcoin rallies months earlier. They were the leading entertainers in the Q4 altcoin buzz cycle of2023 Both SOL and LINK are rallying… exceeding yet onceagain. The market might be tailoring up for a Q1 altcoin buzz cycle.” Source: Rekt Capital/X Rek
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