Ethereum and Cardano are among the assets the analyst believes could benefit if the 2020 comparison holds.
Altcoins could deliver returns ranging from 10x to 1000x after the latest market pullback, according to analyst Matthew Hyland.
He compared the June sell-off with March 2020 and argued that many alts could recover within months rather than years.
Hyland Compares June Altcoin Pullback to 2020
Hyland made the comparison on August 21, arguing that June was essentially an altcoin equivalent of the March 2020 market collapse. He pointed to Ethereum, Cardano, and other tokens as examples of assets that could deliver outsized gains if his comparison plays out.
“IMO you will see 10x-1000x returns from the maximum opportunity over the past few months the same way you did from the March 2020 prices,” the analyst wrote.
He later argued that many altcoins could fully recover within only a few months, with his reasoning resting partly on the speed of previous market recoveries rather than a specific price target.
The market watcher used the S&P 500 as an example. He pointed out that the index took 13 weeks to recover from its March 2025 low by June 2025.
“I don’t know when but when it does start it won’t take years, it will be just a few months,” he wrote.
Other traders were also incredibly bullish, including CrediBULL Crypto, who claimed that the latest move had confirmed a macro bottom, with Bitcoin potentially heading above $100,000 and ETH above $3,500.
Sykodelic made a similar case, stating that BTC had “sliced through the 200D SMA like butter” on its way toward $75,000. The trader also pointed to previous Bitcoin moves after similar breaks, citing gains of 124% in 2019, 724% in 2020, and 511% in 2023.
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However, that view comes with an important condition. According to Sykodelic, a fall below $65,000 would weaken the argument that the bottom is in.
Bitcoin Rally Gives Altcoins Room to Catch Up
The latest price data shows why traders are revisiting altcoin recovery scenarios. At the time of writing, Bitcoin was above $76,000, up nearly 9% over 24 hours and more than 19% in seven days. Ethereum was near $2,400, having gained 5% in 24 hours and 26% over the week.
Several major altcoins have moved even faster, for example, XRP, which was around $1.32, up almost 18% in one day and about 29% on the weekly chart. Bitcoin Cash also gained 18% over 24 hours, while Dogecoin rose 12%.
The current run traces back to a Wednesday rally that took BTC from the low $60,000s past $70,000 and eventually to where it sits now, its highest level since May.
That move was helped along by the US Treasury doubling the size of its liquidity-support buybacks for longer-dated government debt and a White House meeting where President Donald Trump pushed for the CLARITY Act and floated further government Bitcoin purchases.
Hyland expects the next phase to bring more attention to altcoins. According to him, the rally could become “the most hated rally in Crypto history” because many traders had concluded that crypto was finished.