DOGE and JASMY Show Bullish Pump Indicators That Could Take the Altcoins to Parabolic New Highs This Altseason

January 5, 2025 at 01:20 PM GST

2 mins read

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Bitcoin maintains its dominance, exhibiting resilience despite its recent decline. Altcoins DOGE and JASMY display promising bullish signals.

Bitcoin has regained the $98,000 mark, demonstrating strength and resilience after a significant drop and prolonged sideways movement from the lower $90,000 range. Over two weeks ago, BTC established a new ATH at $108,268.45, a target still within reach as analysts remain confident in the imminent arrival of new ATHs.

Bitcoin Dominance Holds Strong

Since its previous ATH, Bitcoin dominance has witnessed a gradual decline, providing altcoins with an opportunity to gain ground. Despite this, Bitcoin dominance remains dominant, accounting for 55% of the market share. While analysts anticipate substantial growth in Bitcoin's price, leading to new ATHs ranging from $113,000 to $235,000 in the near future, altcoins are gradually gaining prominence.

Q1 of 2025: the Altcoin Boom

Q1 of 2025 is projected to be a highly anticipated period for altcoins to thrive. Historically, Q1 of the year following a Bitcoin Halving year has witnessed significant altseason rallies, with Ethereum expected to lead the charge. Notably, popular altcoins like SUI and ONDO have already initiated rallies and established new ATHs.

Altcoins DOGE and JASMY Bullish

The pioneer memecoin asset, Dogecoin (DOGE), exhibits indicators of potentially reaching an ATH of $1 during this bull cycle. Others anticipate even higher price targets for DOGE.

Another altcoin, JasmyCoin (JASMY), known as the "Bitcoin of Japan," displays similar bullish signals that could result in substantial pumps in the upcoming weeks and months. According to analysts, JASMY has the potential for a 10x or 15x price increase this bull cycle.