In the cryptocurrency market, discussions revolve around a potentially once-in-a-generation altcoin opportunity. An anonymous analyst, known as Rekt Fencer, suggests that due to an increasing stablecoin supply, a decline in Bitcoin $109,772 ’s market dominance, and a recovery in the ETH/BTC pair, certain altcoins could yield returns of 50 to 100 times. According to the analyst, GRASS, PENDLE, ONDO, ENA, and SEI coins are poised to lead in an upcoming rally if capital flows increase. The market is now poised to test whether the long-anticipated altcoin season is finally imminent.
Potential Indicators for an Altcoin Season
Stablecoin supply, which was approximately 50 billion dollars at the beginning of 2021, has surged to 250 billion dollars today. Rekt Fencer points out that this fivefold increase acts as a “lead-free fuel” on standby, indicating that liquid funds are prepared to shift into riskier positions. In markets, fresh cash accumulation often signals confidence in coins beyond Bitcoin, and currently, market data appears to confirm this outlook.
Concurrently, Bitcoin’s market dominance has decreased from 65.4% to 61.2% in recent weeks. Meanwhile, the ETH/BTC pair rebounded from a five-year low of 0.018 to 0.025. Historically, this combination has ignited altcoin rallies. The analyst describes this as “selling pressure on BTC and buying pressure on ETH,” suggesting that investors are gearing up for a broad rotation.
Altcoins Primed for Growth
Currently, GRASS is trading at 2.40 dollars, with a weekly increase of nearly 12%. Its decentralized infrastructure claim is generating demand within the ecosystem as transaction fees continue to rise. Rekt Fencer believes that the altcoin’s low supply could lead to rapid price multiplication if strong momentum is achieved.
PENDLE, with its model of tokenizing yield futures, has carved a niche in the DeFi space. Although currently trading at 4.39 dollars and up nearly 30% over thirty days, it still shows recovery potential in yearly charts. The project team announces new integrations aligning with LST market growth, which the analyst believes could act as significant price catalysts.
The tokenized real asset-themed ONDO is priced at 0.93 dollars, boasting a market value of 2.9 billion dollars. With regulatory clarity, institutional investors are expected to gravitate toward this area. For ENA, the synthetic dollar product is attracting traders seeking delta-neutral yield, perceiving the 0.37-dollar price as “undiscovered.” Rekt Fencer asserts that increased product volume could enhance ENA’s valuations.
Finally, SEI addresses the DEX world with its architecture, emphasizing its speed on the Blockchain. Despite a 59% annual loss, a recent 10% recovery keeps “bottoming reversal” expectations alive. Increasing project launches on the network indicate that its high efficiency offers not only technical but also economic advantages. The analyst views the altcoin as a candidate for unexpected leaps under these conditions.
