Analysts: Crypto ‘Santa Rally’ with record breaking altcoin prices possible

Cryptocurrency prices will rise significantly around Christmas, with many altcoins expected to break new records. That’s according to a number of analysts cited by DL News. There is growing anticipation for the upcoming altcoin season and potential “Santa Rally,” Mena Theodorou, co-founder of Coinstash, claims. Nexo analyst Iiya Kalchev predicts that Ethereum will surpass $5,000 in early 2025, fueled by this upward trend. Cryptocurrencies have been on the rise around Christmas eight times in the past 10 years, the publication explained, adding that other factors such as the inauguration of U.S. President-elect Donald Trump in January and increasing institutional adoption are also having a positive impact.