- Bitcoin recovers its $100,000 price target and shoots up boosting market sentiment.
- The positive sentiment has now seeped into the altcoin market as well.
- Among the many bullish altcoins this altseason INJ and VET are taking the lead.
Bitcoin’s most recent rally to the $101,800 price mark has sparked optimism in the crypto space. Today, the Crypto Greed & Fear Index hit a score of 78 marking an ‘Extreme Greed’ sentiment that is spooling into the altcoin sector as well. With Bitcoin’s recovery, analysts expect new highs on the horizon for BTC and altcoins.
Altcoins Flare Bullish Amidst Bitcoin’s Recovery
Specifically, altcoins are expected to rise to hit new highs between $113,000 to much higher targets like $235,000 in the super cycle pump of the ongoing bull season. In particular, altcoins are expected to set a series of new ATHs in the coming weeks and months as Q1 of 2025 is expected to usher in the peak window of altseason.
VET and INJ Show Parabolic Gains Ahead
Historically, altseason has arrived in Q1 of the year following a Bitcoin Halving event. As this phase unfolds, several altcoins are showing highly bullish indicators hinting at significant gains to arrive. As we can see from the post above, VeChain (VET) is one such altcoin. The analyst expects VET price to increase another 372% in the coming days.
Likewise, another bullish popular altcoin is Injective (INJ). As we can see from the post above, this analyst notices how the asset is holding a key positive at the $21.6541377 price mark. He confirms bullish indications and expects higher prices soon. Ultimately for INJ, the analyst marks a pump of over 10x taking INJ price to $380 this altseason.
