Altcoins
Altseason signal likely to flash in coming weeks, says analyst Jamie Coutts – here are his top altcoin picks
Real Vision analyst Jamie Coutts believes the altcoin market is preparing for a massive breakout against Bitcoin (Bitcoin).
The former Bloomberg analyst tells from his 18,100 followers on social media platform
Coutts says,
“Based on our position in the cryptocurrency cycle, the presidential cycle and, most importantly, liquidity, a peak season signal is likely in the coming weeks.”
Coutts says a historical sign of the start of the alt season is when the smart contract platform (SCP) sector rises while the alt season index is in an uptrend, represented by the green arrows in his chart below.
Source: Jamie Coutts/X
While the alt-season index has yet to rise, SCP projects are starting to show bullish signs, he says. He picks the major alternative projects that he thinks will work well in the weeks ahead, including Solana (SOL), NEAR protocol (NEAR) and Toncoin (TONNE).
“You can try to prevent [alt season] or look at assets that are already outperforming (from that 26% [altcoin season index]) and bet on their continued relative strength. SCP assets with the highest relative strength versus BTC: SOL, NEAR, TON.”
SOL/BTC is trading for 0.00250 BTC ($168) at the time of writing, up nearly 1% over the past 24 hours.
Meanwhile, NEAR is trading for 0.0001135 BTC ($7.63) at the time of writing, rising slightly on the day, while TON is trading for 0.00009646 BTC ($6.46) at the time of writing, up 1.17% in the last 24 hours.
Don’t miss a beat – subscribe to receive email alerts directly to your inbox
Check Price action
Follow us on X, Facebook AND Telegram
surf Hodl’s daily mix
 
Disclaimer: The opinions expressed on The Daily Hodl do not constitute investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please note that transfers and transactions are at your own risk and that any losses you may incur are your responsibility. The Daily Hodl does not recommend the purchase or sale of cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Image generated: DALLE3