Low-Cap Altcoins To Ignite Fast Upside Move After Bullish Fed Signal, Predicts Analyst Kevin Svenson

An analyst who accurately called the stages of Bitcoin’s (BTC) parabolic run this cycle is now predicting a huge upside burst for altcoins.

In a new strategy session, crypto strategist Kevin Svenson tells his 83,900 YouTube subscribers that he thinks Ethereum (ETH) and the low-cap altcoin market are gearing up for a big explosion.

He notes that the OTHERS chart, which tracks the market capitalization of all crypto excluding the top 10 digital assets and stablecoins, has historically broken its all-time highs after Ethereum surged to new record levels.

“The low-cap altcoins have been suffering because of Fed policy. But obviously today that has changed. There is a high likelihood that we see a quickening, something really, you know, really fast move for the low caps to new highs could be coming in the very near future. A pump that takes place quicker than most people expect.

*“The low-cap altcoins have been suffering because of Fed policy. But obviously today that has changed. There is a high likelihood that we see a quickening, something really, you know, really fast move for the low caps to new highs could be coming in the very near future. A pump that takes place quicker than most people expect.*That’s what I think is going to happen for a lot of these low caps. But the one thing that it does require is an Ethereum all-time high. In the last cycle, [an] Ethereum all-time high is what sent the low caps to the moon. And that is what we’re looking for now. Once Ethereum breaks its all-time high, I think very quickly these low-cap coins are going to swing back up with a lot of velocity with a slight delay, of course, because Ethereum’s right there right now.

*That’s what I think is going to happen for a lot of these low caps. But the one thing that it does require is an Ethereum all-time high. In the last cycle, [an] Ethereum all-time high is what sent the low caps to the moon. And that is what we’re looking for now. Once Ethereum breaks its all-time high, I think very quickly these low-cap coins are going to swing back up with a lot of velocity with a slight delay, of course, because Ethereum’s right there right now.*And the low-cap alt coins are still a little bit further away down here, right? But I think we’ll get the move pretty soon for both of these.”

*And the low-cap alt coins are still a little bit further away down here, right? But I think we’ll get the move pretty soon for both of these.”*Last week, Fed Chair Jerome Powell sent the crypto markets flying after delivering a speech indicating that the Fed may soon ease monetary policy.

At time of writing, Ethereum is trading $4,779 while OTHERS is hovering at $310.277 billion.