- Bitcoin’s price dips below $100,000, slowing momentum as altcoins rally, marking a possible early arrival of alt season.
- JasmyCoin (JASMY) breaks $0.044 resistance, reaching $0.05, with analysts predicting targets of $0.12 to $0.32 in this cycle.
- Altcoins like XRP, ONDO, and SUI set record highs, while Ethereum and DOGE prepare for potential major price movements.
Bitcoin’s price momentum has slowed after hitting a record high of $103,900.47. Currently, its value has fallen below the $100,000 mark, sparking expectations of continued dips before stabilizing into a sideways movement. Despite this decline, the broader cryptocurrency market remains vibrant as altcoins rally, marking what many consider the onset of alt season.
Altseason Sparks Rapid Growth Across Altcoins
Many analysts initially predicted that the alt season would begin in early 2025. However, the strong performance of altcoins like Cardano (ADA), VeChain (VET), and Ripple (XRP) has shifted expectations. XRP alone surged by 500% over the past month, signaling robust investor interest.
Additionally, ONDO and SUI have both achieved new all-time highs alongside Bitcoin’s recent peak. Ethereum (ETH), MultiversX (EGLD), and JasmyCoin (JASMY) have also recorded significant price breakouts, underscoring the widespread bullish sentiment in the altcoin market.
JASMY Surges to $0.05, Analysts Predict Higher Targets
JasmyCoin, often referred to as the “Bitcoin of Japan,” has gained significant traction in the ongoing bull market. It recently broke a key resistance level at $0.044 and is now trading at $0.05. Analysts are optimistic about its trajectory, identifying potential price targets of $0.12 and $0.32 during this cycle.
Another analyst highlights that JASMY may have entered its Wave 5 phase, projecting further growth to a range of $0.085 to $0.125. While some predictions suggest JASMY could reach $1, others maintain a more conservative outlook.
Broader Market Outlook Shows Bullish Momentum
Besides JASMY’s remarkable performance, the market anticipates significant moves from other altcoins such as Dogecoin (DOGE) and Shiba Inu (SHIB). These assets are reportedly preparing for notable price pumps in the coming weeks, fueled by increasing market enthusiasm.
The crypto market’s current dynamics reflect a renewed focus on altcoins, with analysts observing a shift in investor sentiment from Bitcoin to smaller-cap cryptocurrencies. This transition has led to what appears to be an earlier-than-expected arrival of alt season, driving notable price gains across the board.
DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.