Altcoins
Altcoin Season Is Intact, Here’s A List Of The Top Three Coins To Stack For 10X Gains
Cryptocurrency analyst Zero IKA took to his X handle and addressed concerns about the “death” of altcoins and the focus on meme coins by comparing current trends to past market cycles. During 2020-2021, the main stories were DeFi, governance tokens, and oracles, while most altcoins were struggling. Many doubted the potential of a new season, but the ETH/BTC pair showed that altcoin strength often increases towards the end of the market cycle.
To illustrate, Zero IKA pointed out that in 2017 and 2021, coins like Komodo and TRX only surged at the end of the cycle when ETH/BTC made a parabolic move. This trend is common for many plays, which usually bounce back at the end of the cycle unless they are driven by a strong narrative.
He also noted that institutional investors were active in previous cycles and therefore their presence does not fundamentally change market dynamics. The analyst concluded that current market conditions are in line with expectations.
Which altcoins should you focus on?
Host of the 99Bitcoins channel viewed his latest video and said he is focusing on three major altcoins with a bullish outlook.
The first coin highlighted is Not Coin, valued at $0.02, with the analyst holding a substantial position. Over the past month, Not Coin has consolidated and is starting to rally again, posting incredible performances from $0.005 to $0.02. The analyst believes it could reach a market cap of $10 billion, potentially growing 5x by the end of the year, making it a solid pick during Bitcoin season.
The second piece is Chuan Pu, nicknamed China’s Donald Trump. This piece has great branding and marketing potential, with a recently launched website and plans for future developments. Despite some recent corrections, Chuan Pu showed massive growth, reaching a 15-fold increase before stabilizing. It has a low market cap of $6 million and a decent liquidity score, making it a potential candidate for a 3-5x increase.
The third coin is Turbo, an AI meme coin. The analyst invested $2.5K in Turbo, which has yet to show strong performance but is expected to thrive in an upcoming phase of meme mania. With a market cap of $317 million, Turbo is considered a long-term position with major potential for future gains.
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