An expert analyst is sharing a potential timeline for the altcoin markets to reach new record highs.

During a recent trading session, Jason Pizzino, with a following of 329,000 on YouTube, revealed that he is closely monitoring the TOTAL3 chart. This chart tracks the market capitalization of all cryptocurrencies except for Bitcoin (BTC), Ethereum (ETH), and stablecoins.

Pizzino notes that during the previous cycle, TOTAL3 experienced a 26-month period of accumulation from late 2018 to early 2021 before experiencing a parabolic surge. He suggests that TOTAL3 may be following a similar pattern in the current cycle and could potentially see a significant uptrend in the coming months.

The analyst predicts that by February, possibly in the first quarter of 2025, there could be a notable increase in prices leading to a new all-time high. He believes that any concerns about a market downturn will be forgotten by the fourth quarter of 2024.

Examining Pizzino’s chart, it appears that he anticipates the total altcoin market cap to dip to the 50% Fibonacci level at around $400 billion before making a recovery and surpassing $1 trillion in the early part of next year.

As of now, TOTAL3 is valued at $597 billion.

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