Altcoins
Five Critical Ethereum and Solana Altcoin Trends to Know About
Crypto analyst Stock market lizards highlighted five critical trends in current altcoin cycleoffering insight into how investors can navigate an increasingly crowded market.
What happened: The analyst acknowledges the overwhelming number of altcoins flooding the market, adding that the influx of new coins and scams make it difficult for each coin to reach significant prices, unlike in previous cycles. “Money in the markets is flowing into a much higher number of cryptocurrencies than a few years ago,” thereby diluting potential gains.
The five trends he broad outlines are:
- Age of parts: Newer coins, especially those launched in 2022 or later, have become significant winners in the current cycle. He showed pieces like Injective INJ/USD, Sui SUI/USD, Give back RNDR/USD, and Recover.ai FET/USD which outperformed older altcoins such as Polygon MATIC/USD, Cosmos ATOM/USD and Chain link LINK/USD.
- Technological superiority: He emphasized that the technology behind cryptos is important, emphasizing speed, security and use cases as crucial factors. Solana SOL/USD is a crypto example of a winning technology due to its speed and scalability.
- Story-Driven Markets: While trends may change, current winning narratives include AI and meme coins. Stockmoney Lizards warned: “With meme coins it’s pure gambling, but there are decent AI projects.” He emphasized that strong symbolic, technological and graphical models should precede trendy narratives when selecting investments.
- Fundamental analysis: With daily pumps and dumps, a thorough analysis becomes crucial. Tokenomics, inflation, maximum supply and use cases are integral.
- Practical use cases: Fundamental utility is important. Stockmoney Lizards highlighted practical use cases such as Ethereum ETH/USD to trade coins, Solana for meme coins and Uniswap UNI/USD as a leading DeFi platform. “Basic is the next hype,” he hinted, implying future market opportunities.
Read also: Ethereum and Altcoins Could “Rebound Quickly” After FOMC Meeting, Trader Predicts
Why is this important: Stockmoney Lizards noted that Bitcoin’s traditional flow into small caps may not hold this cycle, making it essential to prioritize strong fundamentals and strong technical charts. He adds that because “the chart tells you everything you need to know,” it’s important to focus on technology and tokenomics.
Highly followed crypto trader Miles Deutscher pointed out that Bitcoin is 9% off its highs, while altcoins are 80% off their highs.
And after: The influence of Bitcoin as an institutional asset class should be explored in depth in the next 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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