Altcoins have not risen gradually in recent years; instead, several quickly recovered the losses they had accrued. Analyst Waterman recently asserted on X that altcoins tend to surge between February and late April or early May. The most famous instance occurred in 2021, when many altcoins hit record highs; Solana climbed roughly 10x from $20 to $200 in about 50 days, and Solana would later reach $293 in January 2025, cementing the period’s enduring legacy.
DogeCoin and other meme coins powered up even faster previously, jumping from about $0.07 to $0.73 in under a month, while Avalanche climbed from $3 to $60 in 40 days. As of 4:00 PM KST on the 26th, the total crypto market cap stood at approximately $2.97 trillion, underscoring the scale of broader interest. Yet today, Bitcoin’s dominance and the ETF-based trading framework have restrained breadth, with investors gravitating toward Bitcoin rather than direct altcoin exposure.
Meme coins face headwinds as investors increasingly seek coins with real-world utility, and many issuers are pursuing practical use cases to regain momentum. Waterman emphasizes that altcoins can recoup years of losses in weeks, fueling anticipation for another surge after February.
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