While Bitcoin continues to break new records, the long-awaited altcoin season has never started.
While investors eagerly await the altcoin season, Wave Digital Assets CEO David Siemer shared his expectations.
David Siemer, who participated in the Milk Road podcast, said that the bull run will continue for the rest of the year and that the bull will be dominated by Bitcoin.
The analyst said that the rest of the year will be a market driven by institutional adoption and dominated by Bitcoin.
“Right now, no institutions are buying anything other than Bitcoin. But Ethereum is also starting to get institutional interest.”
Siemer, who also explained his expectations for altcoins other than Bitcoin, said that Ethereum, Solana and XRP are also good options.
Ethereum Is a Solid Option!
While Ethereum ranks first in the table as the largest altcoin, it does not rank first in terms of performance.
In the face of the rise of faster, cheaper alternatives, Ethereum interest has shifted to layer-2 solutions like Polygon, Arbitrum, and Optimism.
However, the analyst noted that Ethereum’s security and uptime remain unmatched, and said that Ethereum’s latest Pecrta update has removed the technical barriers to the rise. According to the analyst, ETH could gain new opportunities in terms of price performance.
XRP Continues to Silently Rise!
According to the analyst, XRP is supported by Ripple’s corporate partnerships and progress in regulatory clarity, especially following its legal victory against the SEC.
This allows the analyst to remain optimistic for XRP. Stating that there are upcoming developments that could trigger a new rise in XRP, the analyst also expressed his confidence in the power of the XRP community.
“The XRP community is real and consistent buying from the community will help XRP regain its previous all-time high of around $3.50.”
Solana (SOL) Big Rival!
Solana has seen new highs from the memecoin craze, but the analyst noted FTX-driven token launches as obstacles to SOL’s rise. Despite these challenges, the analyst said Solana remains the favorite with its sub-second transaction times and negligible fees.
Barring any major technical disruptions, such as the occasional network outages it has experienced in the past, Solana could be a standout performer in 2025, the analyst added.
*This is not investment advice.