After a prolonged downturn, the cryptocurrency market is finally showing signs of recovery, with altcoins outperforming Bitcoin. As Bitcoin’s dominance declines, analysts predict that a major altseason is on the horizon.
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According to an analyst named Ted, the growth of altcoins in 2024 is merely a prelude to what is to come. He predicts that the 2025 altseason will break records and be historic.
Why Analysts Believe the 2025 Altseason Will Be Historic?
In a post on social media platform X, Ted identified key catalysts for this altseason, including the approval of multiple altcoin ETFs, Ethereum’s upgrade, and the introduction of staking in Ethereum ETFs.
Another analyst, CryptoGoos, echoed Ted’s predictions, stating that a combination of factors will drive significant growth in altcoins. Referring to past cycles, he highlighted the impressive performance of altcoins in 2017 and 2021, suggesting that 2025 could see another major rally.
Similarly, analyst Shib Spain pointed out the historical pattern of altseasons occurring in February, emphasizing that current market conditions are conducive to a repeat of this trend.
Asset management firms are also awaiting regulatory approval for multiple altcoin ETFs. These funds are expected to cover a diverse range of altcoins, including Ripple (XRP), Solana (SOL), Litecoin (LTC), Dogecoin (DOGE), and Cardano (ADA).
With the U.S. Securities and Exchange Commission (SEC) recently approving Grayscale’s applications for Ripple and Dogecoin ETFs, the likelihood of additional altcoin ETF approvals in 2025 is increasing.
Bloomberg analysts Eric Balchunas and James Seyffart estimate that a Litecoin ETF has a 90% chance of being approved, making it the most likely among pending altcoin ETFs.
Moreover, the Trump administration has shown a more favorable stance toward cryptocurrency ETFs compared to the previous administration, further fueling expectations for an upcoming altseason.
Ethereum is also playing a central role in these developments. The network recently released its roadmap for the Pectra upgrade, scheduled for implementation on the mainnet by April 8.
Additionally, the New York Stock Exchange (NYSE) has submitted a proposal to the SEC, on behalf of Grayscale, to introduce staking in Ethereum ETFs.
These developments have intensified excitement around the possibility of a historic altseason. Coupled with historical trends and current market sentiment, analysts believe that the stage is set for a significant altcoin rally in 2025.
Read More: From Boom to Bust: $LIBRA Token Plummets 90% In the Middle of Fraud Allegations in Argentine
Argentina Orders Investigation into Potential Misconduct in Libra Token Launch
Javier Milei, the President of Argentina, has ordered an investigation into the launch of the Libra (LIBRA) cryptocurrency, which has sparked widespread controversy.
This decision comes In the middle of concerns regarding the legitimacy of the project, prompting Milei to delete a social media post that initially promoted the token. The investigation aims to determine whether any misconduct occurred in relation to the cryptocurrency’s issuance.
According to a post on social media platform X, the presidential office has released an official statement detailing Milei’s decision to initiate a formal inquiry into Libra and its connection to the KIP protocol.
This announcement follows a sharp decline in Libra’s price and confirms that the President has instructed Argentina’s Anti-Corruption Office (OA) to examine whether government officials, including Milei himself, engaged in any improper activities related to the project.
To ensure transparency, Milei has also mandated the establishment of an investigative unit within the presidential office. This unit will include representatives from government agencies specializing in cryptocurrency regulation, financial activities, and anti-money laundering efforts.
The objective is to gather and analyze all data related to the Libra token, the KIP protocol, and the individuals or organizations involved in the project. The findings will be submitted to judicial authorities for a final ruling.
In response to these developments, the KIP protocol issued a statement denying any involvement in Libra’s launch or market-making activities. The protocol emphasized that Libra has been entirely managed by Kelsier Ventures.
KIP clarified that its role has been limited to overseeing technology projects post-launch and that it played no part in issuing the cryptocurrency. However, some users have pointed out past social media posts by KIP celebrating Libra’s success, raising doubts about the company’s claims.
The controversy surrounding Libra has also caught the attention of key figures in the crypto industry. Binance founder Changpeng Zhao has warned about the risks associated with celebrity-backed cryptocurrency projects.
Despite Milei’s clarifications and KIP’s denials, Libra’s price has shown a significant recovery. At the time of writing, the token is trading at $0.4349, marking a 97% increase from its daily low of $0.123. However, it remains 58% below its 24-hour high of $1.03.
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