WikiBit 2026-01-07 06:26Advertisement     With altcoins undergoing a major price recovery right now, one crypto commentator believes we are headed
With altcoins undergoing a major price recovery right now, one crypto commentator believes we are headed towards a major altseason over the next 3-6 months, which could create more millionaires than ever before. After a bearish 2025 calendar year, the new year has started with a bang, and major cryptocurrencies have already posted double-digit price recoveries.
Discover, the analyst in question tweeted:
 
Image Source: X
According to the influencers projections, the altcoin market capitalization, currently hovering around 2.31 million BTC, could reach 15 million BTC by the end of this altseason. The chart depicts the altcoin-to-Bitcoin market cap ratio, highlighting past “altseasons” in 2018 and 2021 with shaded peaks, and extrapolates a sharp upward projection for 2026 using a red trendline from historical data.
The Great Altcoin Boom of 2026? Wishful Thinking or Writing on the Wall?
Here is the performance of the altcoin market (in USD) for the last 5 years:
Image Source: TradingView
Currently, the total market capitalization of altcoins is hovering just above $1.3 trillion. While it does have the potential to offer massive gains for investors across the board, it is not in a major bull market but in a challenging, contracting recovery phase following the major crash on October 10 and subsequent struggles.
One X user responded to Discovers bold take:
Many analysts, like Discover, spent a large portion of 2026 predicting major altseasons one after another. Still, the bullish forces underperformed spectacularly in the year after a halving for the first time in crypto history.
An overwhelming majority of the top digital currencies failed to record a new ATH during this 4-year cycle, let alone mount a major offensive. So, while the recent price recovery shows the alternative crypto market still has some life left, a lot of work still needs to be done by the bulls to steer it into a real altseason.
The next couple of months will be crucial in determining the future of the crypto market, and traders are closely following it.
Disclaimer:
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