14X Altseason Soon? 100 Billion AI Agents Could Trigger Crypto’s First Real Bull Market

Speaking on his show, analyst Ran Neuer argued the coming rally will be driven primarily by altcoins rather than Bitcoin, calling it “crypto’s first real bull market.” His reasoning is that Bitcoin’s own bull market returns have shrunk with every cycle.

The first cycle delivered roughly a 100x return, the next dropped to around 15-18x, and the most recent completed cycle came in closer to 6-7x. Following that shrinking pattern, Neuer expects Bitcoin’s next move to be far more modest, roughly a 2x to 3x gain from current levels, potentially reaching $200,000 to $250,000.

Why He Thinks Altcoins Could Outperform Bitcoin By 7x

Neuer’s bigger thesis rests on a chart comparing “Others,” meaning altcoins excluding the top 10 by market cap, against Bitcoin’s price. He said this ratio has moved in a slight long-term uptrend, despite two painful boom-and-bust cycles along the way. The 2017 ICO run and the DeFi Summer run, both of which eventually collapsed back toward zero. Right now, according to Neuer, this ratio sits near the bottom of its historical channel. If it repeats a pattern he’s seen before, he estimates altcoins broadly could outperform Bitcoin by roughly 7x this cycle.

Combining The Numbers: A Possible 14x For Altcoins