Altcoins Go Berserk as Market Euphoria Defies Gravity—Again

Bitcoin’s little siblings are stealing the spotlight—and the gains—as altcoin season kicks into overdrive. Ethereum, Solana, and a parade of memecoins post double-digit rallies while Wall Street bankers clutch their spreadsheets.

The FOMO is real (and so are the leverage liquidations)

Trading volumes explode as retail piles into ’the next big thing.’ Meanwhile, crypto-native VCs quietly exit their seed rounds at 100x—just don’t ask about token unlocks.

A tale as old as time

History rhymes: every altcycle starts with ’this time it’s different’ and ends with the same chart patterns. But hey, those 30% daily pumps? They’ll print until they don’t.

$2,606 and Solana$180 (SOL) will soon extend to smaller projects, he offers significant insights for cryptocurrency investors.

ContentsThe Rise of Major Coins Coins Under the Analyst’s Radar

The Rise of Major Coins

Altcoin seasons generally follow a familiar pattern. Bitcoin (BTC)$103,762 typically initiates the rally, followed by large altcoins like ethereum (ETH) and Solana (SOL). Subsequently, market interest shifts to smaller capital and humor-based altcoins. According to VirtualBacon, we are currently in the major capital breakout phase of the altcoin season. Since April 1, the altcoin market has grown by over 27%, with Ethereum rising by 47.04% and Solana by 46.73%. Smaller altcoin projects like PEPE, TAO, and SUPER have also seen over 40% value gains.

An important factor driving this surge is the temporary end of the trade war between the US and China. A significant reduction in tariffs for 90 days has decreased negative volatility and increased liquidity in markets. The Global Liquidity Index reaching high levels for the first time since 2021 is notably significant. These developments signal the beginning of an altcoin season and boost investor appetite.

Coins Under the Analyst’s Radar

VirtualBacon emphasizes that the current rally is not yet entirely an altcoin season. He warns that if the US Federal Reserve does not pause its Tightening Monetary Policy (QT), the rise might remain a “relief rally.” Nonetheless, he advises closely monitoring specific altcoins.

Ethereum and Solana emerge as prominent coins with strong fundamentals. Over the past 30 days, Ethereum has gained 64.5% and Solana 37.7% in value. On the Layer 1 side, the analyst highlights ALGO and IOTA over XRP, applauding ALGO’s liquidity, price structure, and coin distribution, while IOTA stands out with its new Move-based network.

Within the solana ecosystem, JUP coin leads VirtualBacon’s list. Mobile DEX solution BORG and DLMM platform SAROS are also promising altcoins. In the gaming sector, SUPER catches the analyst’s eye with its steady rise and community rewards. In the AI sector, he describes TAO as the “Bitcoin” of its category, achieving more than 100% value gain due to recent network growth and updates.

In the memecoin sector, the analyst highlights Pepe and Pengu, and in the real-world assets (RWA) category, he features AXL and CHEX.

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