The strongest altcoin rally since 2017 is coming

According to Cointelegraph, Cryptocurrency analyst Javon Marks predicted that the strongest altcoin rally since 2017 is imminent. He cited the rebound success in the retest section of the TOTAL3 index relative to the US money supply as the basis.

Marks explained, "The rebound of the TOTAL3 index means that altcoins have become more valuable compared to the total liquidity of the US economy," which reflects increased investor interest and capital inflow into altcoins. TOTAL3 is an index that tracks the total value of cryptocurrencies excluding Bitcoin, Ethereum, and stablecoins.

Anonymous X analyst Moustache also suggested strong upward potential, stating, "On a weekly basis, an inverse head and shoulders pattern has formed on the TOTAL3 chart." He noted, "In 2021, when a similar pattern appeared, major altcoins surged 174% while Bitcoin rose 20%," and forecasted, "Altcoins will run a stronger rally in the future."

Experts believe that this altseason is likely to record an upward trend surpassing 2017 through a combination of increased liquidity and technical indicators.