Matthew Sigel, director of digital assets at VanEck, said the recent rise in altcoins was due to Bitcoin. $97,963.4He stated that it is bound to rise above $100,000 and that Bitcoin will continue to gain value until it reaches the final point.
Crypto Drop Calls a Buying Opportunity
Altcoin Season Index rising to 63 indicates an impending Bitcoin rally. Hedera and Stellar 
$0.414363 Leading altcoins such as have made significant gains over the past three months.
“When the Altcoin Season Index rises above 60, it generally indicates that BTC will increase by an average of 10% in a month.” -Matthew Sigel
Although there has been a slight decline in the market, analysts such as JA Maartunn see the current decline as a strong buying opportunity for various assets, including Bitcoin.
As traditional asset returns decline, investors are increasingly turning to alternatives such as Bitcoin, which could reshape their investment portfolios.
“If we expect a period of further widening of the balance sheet deficit and higher inflation, bonds will look less attractive than real assets. Bitcoin comes into this discussion.” -Brian Russ.
Brian Russ, chief investment officer of 1971 Capital, stated that the traditional 60/40 portfolio may be a thing of the past and investors may consider adding Bitcoin to their portfolios. The traditional investment strategy consists of allocating 60% of the basket to stocks and 40% to bonds.
Future Prospects
Bitcoin increased by approximately 5.5% in the last 24 hours, Ethereum 
$3,701.1 increased by 6%. While Solana gained 8% in value, XRP increased by 19%.
While analysts suggest that short-term declines may be temporary, they expect the rise in Bitcoin and altcoin markets to continue until mid-2025. Since experts’ predictions for the continuation of the rise in Bitcoin price indicate that altcoin bull markets will occur, investors may see gains exceeding 300% in many cryptocurrencies in the next 6 months.
As a result, VanEck analysts and others expect the overall rise in cryptocurrency markets to continue. According to the altcoin index, BTC can gain over 10 percent in 1 month.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
