Finance guru Raoul Pal names altcoins set to launch from ‘crypto waiting room’

Macro investor Raoul Pal has outlined which parts of the digital asset market are poised to break out, describing the current setup as a “crypto waiting room” where major tokens and sectors are preparing for their next ￰1￱ an X post on August 29, Pal highlighted that Total3, which tracks the performance of cryptocurrencies excluding Bitcoin ( BTC ) and Ethereum ( ETH ), is on the verge of leaving this waiting room. ￰0￱ He noted that altcoins outside the top 10 are also lined up, representing what he called the purest form of an altcoin season, though these may take longer before fully ￰2￱ individual assets, Pal noted that Ethereum is already in full rotation, while Solana ( SOL ) is positioned as the next to break ￰3￱ tokens, including Sui ( SUI ), Dogecoin ( DOGE ), and XRP , remain in the waiting room but are expected to follow once broader altcoins begin moving.

XRP, in particular, is in the process of transitioning into a full cycle ￰4￱ for cryptocurrencies According to Pal, the macro backdrop remains highly supportive for digital ￰5￱ global liquidity, driven by the need for the U. S., Europe, China, and Japan to roll over large debt loads, creates what he sees as an “absurdly bullish” ￰6￱ liquidity index chart.) framework, built on analysis of over a thousand key charts, suggests the ongoing crypto cycle could extend well into the first quarter of 2026 and possibly into the second quarter, fueled by prolonged business cycle dynamics and liquidity ￰7￱ image via Shutterstock