VBIT Hong Kong
This is a historical market review. Read prices and views in their original context; they are not current market data or forecasts of returns.
As expectations of a new altcoin season grew, the report suggested Solana (SOL), a leading altcoin, could rise substantially in the following months and potentially outperform BTC and ETH.
Solana traded near $150, rebounding strongly from September's $120 low alongside a wider crypto market recovery.
The report identified a new global central-bank easing cycle led by the Fed and receding fears of a US recession as key recovery catalysts.
Lower global rates and greater liquidity were expected to support Bitcoin over the following years. Altcoins' greater risk and potential returns led investors to anticipate stronger performance and a new altcoin season.
Technical analysis views at the time
In an X post, analyst Ali Martinez suggested technical analysis supported that expectation. TradingView charts indicated that total crypto market capitalisation excluding Bitcoin and Ethereum could soon pass $1 trillion.
The report identified Solana as a likely beneficiary of such a technical breakout.
Solana was trading in a $120–$200 range; the report suggested altcoin season might soon bring a bullish break above $200.
Historical gains and price risk
Past price gains cannot be applied directly to another market cycle. Rate expectations, charts and sentiment can change. Do not project future targets from historical multiples or use them to guarantee returns.
