Altcoins
Altcoin season is intact, here is a list of the top three coins to accumulate for 10X gains
Cryptocurrency analyst Zero IKA took his nickname X and addressed concerns about the “death” of altcoins and the focus on meme coins by comparing current trends to past market cycles. During 2020-21, the main narratives were DeFi, governance tokens and oracles, while most altcoins struggled. Many doubted the potential of an altseason, but the ETH/BTC pair demonstrated 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 rose at the end of the cycle, when ETH/BTC made a parabolic move. This pattern is common across many coins, which typically recover late in the cycle unless driven by a strong narrative.
He also noted that institutional investors were active in previous cycles, so their presence now does not fundamentally change market dynamics. The analyst concluded that current market conditions are as expected.
Which altcoins should you focus on?
Host of the 99Bitcoins channel watched his latest video and stated that 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 recover again, showing incredible performance from $0.005 to $0.02. The analyst believes it could reach a market capitalization of $10 billion, potentially achieving a 5x increase by the end of the year, making it a solid pick during the Bitcoin season.
The second coin is Chuan Pu, nicknamed China’s Donald Trump. This coin has great branding and marketing potential, with a newly launched website and plans for future developments. Despite some recent corrections, Chuan Pu showed massive growth, achieving a 15x increase before leveling off. It has a low market cap of $6 million and a decent liquidity score, making it a potential candidate for a 3-5x raise.
The third coin is Turbo, an AI meme coin. The analyst invested $2.5k in Turbo, which is yet to show a strong performance but is expected to thrive in an impending meme mania phase. With a market capitalization of $317 million, Turbo is considered a long-term stock with great future earnings potential.
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