The leading cryptocurrency Bitcoin (BTC) has once again attracted all the attention following new records it has achieved. While BTC races from record to record, discussions about the long-awaited altcoin season have reignited.
At this point, analysts expect the altcoin season to begin in the coming months as Bitcoin dominance declines in general.
Bitget Research Chief Analyst Ryan Lee, speaking to Coindesk, also noted that a potential decline in Bitcoin dominance could trigger an altcoin season and benefit major altcoins such as XRP and Solana (SOL).
Sharing his predictions for altcoin prices, Lee stated that regulatory clarity and technical analysis on XRP reflect the bullish trend for XRP, and predicted that the price could rise between $3-8 in the medium term in line with the expectations of investors.
Lee, who also examined Solana, stated that SOL could climb to between 220-300 dollars amid ETF speculations.
Finally, Lee, who explained the Cardano forecast, added that ADA has shown a breakout potential between 1 and 3 dollars.
Ryan Lee, in addition to FxPro senior analyst, Alex Kuptsikevich, noted that the Bitcoin sentiment index was hovering just below “extreme greed” as of Friday.
The analyst said that this situation is a sign that the BTC rally will continue in the coming days.
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