Analyst predicts final big rally for altcoins

Altcoins are on the brink of their final rally of the cycle, but only a few coins with real utility and strong network activity will benefit from the price hike.
On the 3rd (local time), Jamie Coutts of Real Vision
Analysts at Coutts have flagged June as a recovery period for the altcoin market, with traders increasing network activity.
Coutts, a senior cryptocurrency analyst at RealVision, said in a statement on the same day that he and Raul Pacquiao, co-founder of RealVision, should make cryptocurrency the "North Star" of their investments.
"I think we're in the final broad uptrend in altcoins. The question is whether the rally will last six to 12 months," he said during a live broadcast on X (formerly Twitter) with Raoul Pal.
"I'm not sure at this point, but I think we're definitely seeing a recovery in the coins where the activity of quality altcoins is driving the price," Coutts said.
The number of altcoins in existence worldwide is reported to have exceeded 36 million as of January this year. However, according to Coingeco, Ethereum still accounts for 10% of total deposits.
It leads the market with 55.56% of (TVL), followed by Solana (6.89%), Bitcoin (5.77%), BNB Smart Chain (5.68%) and Tron (5.54%).
Coutts advises traders to "pay attention to where network activity is concentrated," calling this the "North Star" for cryptocurrency buying and selling strategies.
He predicted that the altcoin market will see a bull market within the next two months. He continued, "I expect altcoins to start moving again in earnest around June.
"This is possible assuming Bitcoin reaches an all-time high again at that point," he added.