Analysts are gearing up for a potential surge in altcoin markets as the U.S. presidential election approaches. Noted analyst Michaël van de Poppe suggests that the altcoin market capitalization, excluding Bitcoin and Ethereum, is poised for a significant breakout.
Van de Poppe and others forecast that market conditions are increasingly favorable for altcoins, with the prediction that a breakout could occur in the coming 15 days. This aligns with the historical trend of increased market volatility around significant political events such as national elections.
Various factors contribute to this anticipation, including the broader market environment and investor sentiment. However, Bitcoin and Ethereum remain excluded from this prediction, focusing instead on the potential of altcoins to rise independently of the two largest cryptocurrencies.
