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Altcoin Market Sentiment: Insights for Q4 2025
Swyftx analysts Pav Hundal and Tommy Honan have indicated that the altcoin market could witness significant price growth towards the end of 2025, largely influenced by Ethereum (ETH) reaching new all-time highs. Their analysis reflects a marked increase in investor interest, further fuelled by the push for mainstream digital asset adoption and regulatory clarity, especially in the US.
During a recent episode of the Tapping Into Crypto podcast, Hundal pointed to a surge in Google search data, revealing that interest in altcoins has peaked at a five-year high. This heightened curiosity appears to largely stem from younger investors eager to discover the next promising altcoin investment. Hundal remarked, “There’s a race among the younger generation trying to speculate on the future potential of altcoins.”
Source: Google Trends
Honan highlighted that current search interest in altcoins is twice as high as during the 2021 market peak, despite altcoins not currently reflecting that level of bullish sentiment. He noted many altcoins still trade significantly below their previous highs from 2021, suggesting that while investor enthusiasm is high, market performance is lagging.
Market Analysis
Honan captured the essence of the current disparity stating, “The stats don’t lie… Interest is significantly higher, yet the market isn’t responding with a similar bullishness.” This phenomenon may be attributed to potential investors remaining on the sidelines, hesitant to dive into altcoins.
“People are still cautious, observing the market closely. It wouldn’t take much to ignite interest,” Honan added. The analysts believe that a notable catalyst, such as ETH reaching a new all-time high, could trigger a wave of investment into the altcoin space. Hundal elaborated, “A major catalyst like ETH hitting new heights could see many investors jumping in.”
Anticipated Trends for Q4
Looking ahead, Hundal emphasized that Q4 is likely to be a strong period for altcoins, contrasting with the traditionally weaker Q3. He mentioned that geopolitical uncertainties, combined with the typical trend of investor caution in Q3, do not bode well for the immediate future. However, historical patterns suggest that Q4 could rejuvenate the crypto markets.
“Previous performance indicates that Q3 is often lacklustre for Bitcoin and, by extension, for the entire cryptocurrency market. Q4, however, has the potential to be robust,” Hundal explained. There are expectations that Bitcoin might see a short-term slowdown, potentially allowing capital circulation into altcoins, which could trigger a sharp upward movement in their prices over a few weeks.
Market Dynamics
Despite the positive outlook for altcoins in the latter part of 2025, both analysts maintain that sustained outperformance relative to Bitcoin is unlikely until around Q4. A significant number of ETH remain queued for unstaking, signalling intentions among Ethereum holders to liquidate, which complicates the prospects for ETH reaching new all-time highs imminently.
“The market structure hasn’t shifted much. We may experience a cooling-off period over the next couple of months, but I still anticipate a strong conclusion to the year,” Honan noted.
In conclusion, as we progress towards Q4 2025, the combination of increased investor interest, potential market catalysts, and historical trends suggest promising opportunities for altcoins. However, caution remains vital, as underlying market dynamics continue to evolve.