{"id":68800,"date":"2026-04-07T08:57:07","date_gmt":"2026-04-07T01:57:07","guid":{"rendered":"https:\/\/hbbgroup.net\/altcoin-resilience-signals-compelling-entry-points-for-crypto-markets-grayscale\/"},"modified":"2026-04-07T08:57:07","modified_gmt":"2026-04-07T01:57:07","slug":"altcoin-resilience-signals-compelling-entry-points-for-crypto-markets-grayscale","status":"publish","type":"post","link":"https:\/\/hbbgroup.net\/vi\/altcoin-resilience-signals-compelling-entry-points-for-crypto-markets-grayscale\/","title":{"rendered":"Altcoin Resilience Signals &#8216;Compelling Entry Points&#8217; for Crypto Markets: Grayscale"},"content":{"rendered":"<div>\n<div>\n<h4 color=\"#333\">In brief<\/h4>\n<ul>\n<li>Grayscale\u2019s Zach Pandl thinks a bottom could be forming for the crypto market\u2019s leading altcoins, based on their recent resilience.<\/li>\n<li>Despite macroeconomic uncertainties heightened by conflict in the Middle East, Ethereum and Chainlink have notched gains over the past month. <\/li>\n<li>Pandl pointed to tokenization and stablecoins as factors that are driving the adoption of cryptocurrencies on Wall Street, potentially improving fundamentals.<\/li>\n<\/ul>\n<\/div>\n<p><span>Crypto\u2019s leading altcoins have fallen far from all-time highs notched last year, but their recent resilience indicates that downward pressure could be abating, according to Grayscale Head of Research Zach Pandl.<\/span><\/p>\n<p><span>In a <\/span><a href=\"https:\/\/www.grayscale.com\/the-stack\/leading-altcoins-offer-potentially-compelling-entry-point\" target=\"_blank\" rel=\"nofollow external noopener\"><span>blog post<\/span><\/a><span> published on Thursday, Pandl wrote that the crypto asset manager \u201ccan\u2019t be sure that crypto markets have bottomed.\u201d In an interview with <\/span><i><span>Decrypt <\/span><\/i><span>on Monday, however, he expressed positive sentiment toward the performance of altcoins amid geopolitical turmoil.<\/span><\/p>\n<p><span>\u201cAltcoins are trading remarkably well over the last month in the context of a challenging macro environment,\u201d Pandl said, in reference to headwinds like the U.S.-Israel war with Iran and a significant drawdown in stocks. \u201cThe price action may be telling us that we found a more durable bottom. That remains to be seen, but I think [it\u2019s still] very encouraging price action.\u201d<\/span><\/p>\n<p><span>The crypto industry\u2019s leading altcoins, from <a href=\"https:\/\/decrypt.co\/resources\/what-is-ethereum-quickly-explained-four-minute-guide\" target=\"_blank\">Ethereum<\/a> to <a href=\"https:\/\/decrypt.co\/resources\/what-is-avalanche-network-avax-ava-labs\" target=\"_blank\">Avalanche<\/a>, have been hammered since the value of all cryptocurrencies tracked by CoinGecko peaked around $4.37 trillion in October. The global cryptocurrency market cap <\/span><a href=\"https:\/\/www.coingecko.com\/en\/charts\" target=\"_blank\"><span>stood<\/span><\/a><span> at $2.47 trillion on Monday, or 43% lower.\u00a0<\/span><\/p>\n<p><span>Despite the drawdown, Ethereum has risen 9.2% to $2,160 over the past month. <a href=\"https:\/\/decrypt.co\/resources\/what-is-solana-a-scalable-decentralized-network-for-dapps\" target=\"_blank\">Solana<\/a> has edged down 1.9% to $82 over the same period. <a href=\"https:\/\/decrypt.co\/resources\/what-is-chainlink\" target=\"_blank\">Chainlink<\/a>, meanwhile, has risen 3.8% to $9.08. Still, there is broad consensus that the crypto market is mired in a bear market at this point.<\/span><\/p>\n<p><span>Pandl wagered that some traders may want to wait for clearer catalysts for altcoin allocations. At the same time, he said investors with longer horizons may consider current levels. In recent months, industry onlookers have looked to the passage of the <\/span><a href=\"https:\/\/decrypt.co\/363115\/coinbase-clo-clarity-act-deal-on-stablecoin-yield-very-close\" target=\"_blank\"><span>Clarity Act crypto market structure bill<\/span><\/a><span> with hope.<\/span><\/p>\n<p><span>Experts say the bill could drive the adoption of crypto on Wall Street through regulatory clarity. After months of tension over stablecoin rewards, Coinbase Chief Legal Officer Paul Grewal <\/span><a href=\"https:\/\/decrypt.co\/363115\/coinbase-clo-clarity-act-deal-on-stablecoin-yield-very-close\" target=\"_blank\"><span>signaled<\/span><\/a><span> last week that a resolution among lawmakers could be coming soon.<\/span><\/p>\n<p><span>\u201cIf you have some patience for some further range-bound markets and choppiness over the short term, these are potentially very compelling entry points,\u201d Pandl added.<\/span><\/p>\n<p><span>Slumping trading volumes for altcoins have tilted the market towards Bitcoin. Some analysts have <\/span><a href=\"https:\/\/decrypt.co\/361900\/altcoin-volume-slumps-80-amid-tighter-monetary-conditions\" target=\"_blank\"><span>attributed<\/span><\/a><span> that shift to expectations of tighter monetary conditions and macro uncertainty.<\/span><\/p>\n<p><span>From Grayscale\u2019s perspective, there\u2019s a striking disconnect between the valuations of some altcoins and the ongoing improvement in fundamentals, from regulatory clarity to the growing adoption of stablecoins and <\/span><a href=\"https:\/\/decrypt.co\/resources\/what-is-tokenization\" target=\"_blank\"><span>tokenization<\/span><\/a><span>. In particular, Pandl said that Ethereum and Solana \u201cstand to benefit significantly from those trends,\u201d despite their recent slides.<\/span><\/p>\n<p><span>\u201cYou\u2019re getting a surprising opportunity, in my view,\u201d Pandl added. \u201cBitcoin, in fact, will benefit less than many of these assets from regulatory clarity and adoption of tokenized assets.\u201d<\/span><\/p>\n<p><span>Pandl may be bullish on leading altcoins\u2019 prospects, but the sentiment stands in contrast with some expectations that more pain could be ahead.\u00a0<\/span><\/p>\n<p><span>Although Bitcoin has already dropped nearly 45% to under $70,000 from its October all-time high of $126,000, Bloomberg Intelligence strategist Mike McGlone <\/span><a href=\"https:\/\/decrypt.co\/363398\/hurricane-coming-bitcoin-fall-10k-bloomberg-analyst\" target=\"_blank\"><span>reiterated<\/span><\/a><span> on Sunday that $10,000 is in the cards this year. Other analysts have called for Bitcoin <\/span><a href=\"https:\/\/decrypt.co\/358083\/bitcoin-down-bad-hasnt-hit-ultimate-bear-market-bottom\" target=\"_blank\"><span>bottom marks of $55,000<\/span><\/a><span> or <\/span><a href=\"https:\/\/decrypt.co\/357858\/bitcoin-50k-ethereum-1400-before-rebound-standard-chartered\" target=\"_blank\"><span>$50,000<\/span><\/a><span> in recent months.<\/span><\/p>\n<p>As for the top altcoin on the market, Ethereum, traders still appear to be bearish on its short-term prospects. On Myriad, a prediction market platform operated by\u00a0<i>Decrypt<\/i>&#8216;s parent company Dastan, traders <a href=\"https:\/\/myriad.markets\/markets\/ethereum-next-move-pump-to-3k-or-dump-to-1-5k-2165c555-6846-4387-84ab-9f11d08820b9\" target=\"_blank\" rel=\"nofollow external noopener\">penciled in a 58% chance<\/a> that Ethereum&#8217;s next stop is a fall to $1,500 rather than a jump to $3,000.<\/p>\n<div>\n<h3>Daily Debrief Newsletter<\/h3>\n<p>Start every day with the top news stories right now, plus original features, a podcast, videos and more.<\/p>\n<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>In brief Grayscale\u2019s Zach Pandl thinks a bottom could be forming for the crypto market\u2019s leading altcoins, based on their [&hellip;]<\/p>","protected":false},"author":5,"featured_media":68801,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[220],"tags":[],"class_list":["post-68800","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tien-dien-tu"],"acf":[],"_links":{"self":[{"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/posts\/68800","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/comments?post=68800"}],"version-history":[{"count":0,"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/posts\/68800\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/media\/68801"}],"wp:attachment":[{"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/media?parent=68800"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/categories?post=68800"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/tags?post=68800"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}