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Prominent analytics firm Santiment says the altcoin market may continue to rally as long as two main factors persist. In a new strategy session, Santiment says altcoins will likely continue to trend higher if Bitcoin (BTC) does not return to the $80,000 range and if possible, exchange-traded funds (ETFs) for alts continue to generate excitement. “As we kick off May trading, stay alert to quickly evolving narratives – particularly if Bitcoin holds its position, and profits continue redistributing to various projects based on the latest news breaks. The altcoin rally may have legs if ETF hype continues, and if Bitcoin can stay strong above $90,000.” Specifically, Santiment notes there is investor enthusiasm around the possible launch of spot market ETFs for payments token XRP, Ethereum (ETH) rival Solana (SOL) and memecoin Dogecoin (DOGE). “Many believe that, once approved, these ETFs could bring in large amounts of institutional money and push XR...

A widely followed crypto analyst is leaning bullish on altcoins as Bitcoin (BTC) hovers below the $100,000 psychological level. In a new strategy session, pseudonymous crypto trader Altcoin Sherpa tells his 236,200 followers on the social media platform X that altcoins are due to explode over the coming weeks. According to Sherpa, one catalyst that will drive the altcoin rally is the fact that many of them have been capitulating for a long time. “Coins like [privacy-focused] Oasis (ROSE) chopped around for YEARS and are still consolidating. Hard to think these won’t fully send.” Source: Altcoin Sherpa/X Sherpa further says that the layer-1 blockchain Tron (TRX) is another good example of an altcoin that underwent consolidation for years before it skyrocketed recently. “So I expect something extremely strong for the next run here for these shitcoins because of how long they consolidated for. Not saying they’ll necessarily all hit or...