Altcoins
Crypto Trader Describes His Technique to “Spot Altcoins Before a 100x Surge”
April 25, 2024 2:51 p.m. | 2 minutes of reading |
Pseudonymous crypto influencerReflection” revealed his secrets for spotting small-cap altcoins with the potential to soar in the next season.
What happened: In a thread on XThe thinking highlights the importance of understanding market cycles and investor emotions to identify promising altcoins.
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The biggest alt season in crypto history is near!
People who buy good small-cap companies will make millions this cycle
This doesn’t require 200 IQ, all you need is to find the “I’m done” pattern
Here’s MEGA-🧵on how to spot alts before a 100x surge👇 pic.twitter.com/vPZal42iHU
– Reflection🪩 (@0xReflection) April 24, 2024
It suggests that during major cooling-off phases characterized by a decline in trading volume and public interest, investors often feel less enthusiastic, or even depressed, about their investments.
However, Reflection sees this as an opportunity for smart money to act, as buying in moments of fear or pessimism can lead to significant profits.
He cautions against buying when enthusiasm is overwhelming, as this often signals an approaching peak. Instead, he advises patience and recommends focusing on coins with good fundamentals, a large gap between current and potential prices, and a chart displaying the “I’m done” pattern.
Why is this important: Reflection’s insights highlight inefficiencies in the crypto market, where there can be discrepancies between a coin’s true value and its market indicators such as market cap, daily users, and funding.
By focusing on fundamentals and market sentiment, investors can potentially identify undervalued coins poised for growth.
Any cryptocurrency other than Bitcoin is an altcoin, including leading meme coins like Dogecoin (CRYPTO: DOGE), Shiba Inu (CRYPTO: SHIB) And dog hat (CRYPTO: Wireless). These meet Reflection’s criteria because they have strong fundamentals, wide price spreads, and trends indicative of potential growth.
And after: The influence of the pieces themselves and Bitcoin as an institutional asset class are topics that should be explored in depth at the next Benzinga conference The future of digital assets event on November 19.
This content was partially produced using AI tools and was reviewed and published by Benzinga editors.
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