Ah, the scent of speculative anticipation, rather like overripe mangoes just before they attract the unwanted attention of wasps. Our soothsayer, one Kevin Svenson – yes, Svenson, a name that practically begs for a double entendre – proclaims that the altcoins, those charmingly derivative siblings of Bitcoin, are poised for a ‘major, major’ epiphany. One shudders to think of the sheer magnitude of such a momentous occasion. He, you see, pre-saw (a verb I am quite pleased with) the parabolic arc of Bitcoin this cycle, so naturally, we must listen with the rapt attention one reserves for a particularly gifted fortune teller… or a very insistent door-to-door salesman.
He directs our gaze – a trifle theatrically, don’t you think? – toward something called the ‘OTHERS’ chart. ‘OTHERS,’ naturally, being the collective despondency of all altcoins beyond the glittering Top Ten and the stolid guardians of stablecoins. A veritable menagerie of digital oddities. He observes this ‘OTHERS’ construct with the keen interest of a lepidopterist studying a particularly drab moth.
Apparently, this ‘OTHERS’ entity is primed for a burst of…well, upward momentum. This, of course, follows Ethereum’s recent breach of the $4,000 psychological barrier. A barrier, one suspects, mostly psychological to the poor souls charting these things. After all, numbers are merely the arbitrary inventions of mankind. 😉
“I think altcoins are going to see some major, major moves,” Svenson intones, as if revealing a cosmic secret. “Money is going to flow into the altcoins rapidly once Ethereum breaks out and people realize Ethereum’s not dead – in fact, it’s a sleeping giant.” A sleeping giant! One pictures a rather sluggish Ethereum, perhaps dreaming of transaction fees and smart contracts. Such vivid imagery!
“Ethereum still has more than half of the total value locked in DeFi (decentralized finance) and is going to be the main infrastructure for stablecoins.” The DeFi connection, a labyrinthine world of yield farms and impermanent loss. And stablecoins! Ah, the irony! ‘Stable’ is such a robust assertion in this volatile universe. He posits that besides the venerable Bitcoin, stablecoins constitute the ‘biggest crypto narrative ever’, with Ethereum as the rather smug centerpiece. 🧐
“In my opinion, Ethereum is tremendously undervalued.” A bold declaration. Undervalued, like a slightly chipped teacup at a Sotheby’s auction. He anticipates the low-cap coins, those delightfully obscure entities, will follow Ethereum’s noble lead. A run towards $550 billion, he suggests. And, if the cosmos aligns just so, a truly preposterous $1 trillion. One almost requires smelling salts. 😮
Currently, at this very moment of writing, ‘OTHERS’ is languishing at a modest $304.9 billion. A paltry sum, really, given the potentially world-altering implications. Perhaps it awaits a benevolent benefactor, or a particularly persuasive tweet.
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2025-08-11 03:44