Pseudonymous crypto analyst Pentoshi predicts a massive rise in the combined market capitalization of altcoins.
In a recent tweet, Pentoshi stated that the current altcoin market cap "is nowhere near new highs yet," predicting a potential surge to "a couple trillion [dollars]" by the end of the current market cycle.
This represents a significant increase from the current market cap of around $1.3 trillion, highlighting their belief in substantial growth potential within the altcoin space.
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While Bitcoin has dominated headlines in recent months, Pentoshi argues that a true alt season, characterized by widespread altcoin rallies, has yet to materialize.
The "best performers will remain the best performers," Pentoshi said, suggesting that altcoins with strong fundamentals and compelling use cases are well-positioned to capitalize on future market surges.
Pentoshi identified two specific subsectors within the altcoin market that they believe will outperform the rest: artificial intelligence (AI) and gaming. Enduring popularity and passion surrounding these areas are key drivers for the bullish outlook.
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