Altcoins
Crypto Analyst Lists 6 Must-Have Altcoins with the Most Potential
As the crypto market shows signs of a new booming season, crypto analyst Alex Wacy shared a strategy forecast with his 175,000 followers on X. Wacy predicts a selective but explosive growth phase for altcoins, highlighting the critical nature of asset selection and market timing.
Crypto Market Outlook and Asset Selection Strategy
Wacy’s recent thread highlights the anticipation of a massive altseason: “Only about 15% of altcoins will bring 10 to 100 times this hyper growth.” Asset selection is more important than ever. One mistake and you’re out. His analysis highlights the potentially selective nature of the upcoming phase of the market, suggesting significant performance disparities between altcoins.
Wacy believes the market is currently undervalued and poised for significant upside. He suggests that the consolidation of the altcoin’s total market capitalization above $700 billion would confirm the uptrend, signaling the start of a new season. This outlook is rooted in current market behaviors, where sentiment remains largely bearish, presenting an opportunity for contrarian growth.
He categorizes current sentiment into three types of capitulation: price, time and growth, indicating varied investor behaviors that often precede market rallies. According to Wacy, the prevailing fear of further declines will likely eliminate weak hands, setting the stage for a supercycle driven by fear of missing out (FOMO) and the resulting heavy buying activity.
Top 6 Altcoins with the most potential
#1 and #2: WIF as well as PEPE are the memecoins highlighted by Wacy as potential frontrunners in the planned new season. “Look Wireless And PEPE, structurally similar to DOGE during its meteoric rise. These coins have cultivated a community and meme appeal that could very well be comparable to the market cap of SHIB during the previous cycle,” asserts Wacy. He notes that PEPE looks particularly ripe for a breakout, while WIF, although currently weaker, has the potential to cause rapid changes in market sentiment.
#3 Ondo Finance (ONDO): This Coin focused on real-world assets (RWA) is characterized by its strong buying support during price drops. Wacy views ONDO as an undervalued asset with significant upside potential. “ONDO has a resilient purchasing floor; even slight pullbacks to around $0.64 could offer lucrative entry points ahead of substantial upward trajectories,” he advises. Its first target is the $1.62 price zone.
#4 Arweave (AR): Known for its decentralized data storage solutions, Arweave is praised by Wacy for its strong market structure and resilience during economic downturns. Additionally, Arweave is building AO, a decentralized computing network that can be run from anywhere. “Arweave is not just storage; it is a fundamental technology in a decentralized future. A consolidation above $49 would likely be the catalyst for an explosive growth phase,” he predicts.
#5 Tier (PRIME): Wacy discusses PRIME’s multifaceted ecosystem, which includes a collectible card game and an AI-based game, both of which are gaining traction. “Echelon sits at the confluence of gaming technology and blockchain, attracting a wide audience with its innovative gameplay and decentralized features,” he notes. From a technical analysis perspective, PRIME price is near a favorable buying zone of $14.97 to $17.5. “Hoping that altcoins are already entering the altseason, I would like to see a V-shaped reversal,” says Wacy.
#6 Ethena (ENA): This synthetic dollar protocol offers an alternative to traditional banking services and is poised for growth. “Ethena’s trend on weekly charts usually precedes major price movements. With the next major unlock event scheduled for April 2025, the buildup could be substantial,” says Wacy. It compares the current price trajectory of the ENA with that of the SEI.
Strategic profit taking
Wacy also provides strategic advice on profit-taking, forecasting that the altcoin market index, TOTAL3, could reach between $2 trillion and $2.3 trillion in the second season. He suggests considering partial profit-taking once the market reaches around $1.6 trillion. His reasoning draws on historical patterns in which many investors fall prey to greed, resulting in substantial losses.
The analyst further advises preparing a profit-taking strategy in advance, advocating reserving 10-15% of positions for additional potential growth beyond initial targets. He warns that the final push of a growth phase often triggers excessive greed, suggesting that recognizing such signals could be crucial to exiting in a timely manner before bear market conditions arise.
At press time, WIF was trading at $3.58.
Featured image from iStock, chart from TradingView.com