Over the last few months, altcoins have demonstrated steady progress despite experiencing turbulent market trends. After investors cashed out in March, locking in significant profits, the market faced a series of losses. However, according to analyst Nicholas Merten, the market trend has shifted since August and September, indicating potential for recovery.
Analysts are now debating whether this recovery marks the beginning of a new supercycle or merely a short-term rally. The current market cap and trading volumes are being closely monitored to predict future movements.
The outlook for altcoins remains cautiously optimistic, with some experts expecting heightened activity and potential growth in the near future. The debate remains whether this is a lasting trend or a temporary blip in the market.
