Solana price could also rally above $250, catalyzed by the incoming altcoin season, according to Hayes.
The holistic rally of the altcoin sector, also known as altseason, could be delayed until 2025, depending on key price levels from the world’s two largest cryptocurrencies.
For the altcoin segment to start its bullish rally, both Bitcoin (BTC) and Ether (ETH) need to reclaim key psychological levels, according to Arthur Hayes, the co-founder of Bitmex and CIO of Maelstrom Fund.
Hayes wrote in an Aug. 12 research note:
