Real Vision’s Jamie Coutts is watching June for a potential altcoin market recovery but says traders should treat network activity as the “north star” for crypto investing.
Altcoins may have just one last rally this cycle, but only those with real utility and strong network activity will see price gains, according to an analyst.
“I think there will be one more breadth thrust from altcoins. The question is, is it a sustained rally that we will see for six to twelve months,” Real Vision chief crypto analyst Jamie Coutts told Real Vision co-founder Raoul Pal on an April 3 X livestream.
“At this stage, I am not too sure, but I do believe that quality altcoins where activity returns, activity drives prices …we will definitely see a recovery in some of these more high-quality names,” Coutts said.
