Altcoins
Crypto Analyst Lists 6 Altcoins to Buy with the Most Potential
As the cryptocurrency market shows signs of a thriving altseason, crypto analyst Alex Wacy shared a strategy prediction with his 175,000 followers on X. Wacy predicts a selective but explosive growth phase for altcoins, underlining the critical nature of asset selection and market timing.
Cryptocurrency market outlook and asset selection strategy
Wacy’s recent thread highlights the anticipation of a massive altseason: “Only about 15% of altcoins will bring 10-100x into this hypergrowth. Resource selection is more important than ever. One mistake and you’re out.” His analysis highlights the potentially selective nature of the next market phase, suggesting significant disparities in performance among altcoins.
Wacy believes the market is currently undervalued and poised for significant upside. He suggests that the consolidation of the total altcoin market capitalization above $700 billion would confirm the bullish trend, signaling the start of the altseason. This outlook is rooted in current market behaviors where sentiment remains largely bearish, presenting a counter growth opportunity.
He classifies current sentiment into three types of capitulations – price, time and growth – pointing to various investor behaviors that often precede market rallies. The prevailing fear of further declines, according to Wacy, will likely eliminate weak hands, setting the stage for a supercycle driven by Fear of Missing Out (FOMO) and resulting strong buying activity.
Top 6 Altcoins with the Most Potential
#1 and #2: WIF and PEPE these are the memecoins highlighted by Wacy as potential early movers in the awaited altseason. “Look at WIFE AND PEPPER, structurally similar to DOGE during its meteoric rise. These coins have cultivated a community and meme appeal that may well match SHIB’s market capitalization in the previous cycle,” says Wacy. He points out that PEPE seems particularly poised for a breakout, while WIF, while currently weaker, has the potential for rapid changes in market sentiment.
#3 Ondo Finance (ONDO): This Coin focused on Real World Asset (RWA). is characterized by robust buying support during price declines. Wacy sees ONDO as an undervalued asset with significant upside. “ONDO has a resilient buy floor; even slight pullbacks to around $0.64 could offer profitable entry points before substantial upward trajectories,” she advises. Its first target is the $1.62 price zone.
#4 Wave Texture (AR): Known for its decentralized data storage solutions, Arweave is praised by Wacy for its strong market structure and resilience during downturns. Additionally, Arweave is building AO, a decentralized computer network that can be operated from anywhere. “Arweave is not just storage; it is a critical technology in a decentralized future. A consolidation above $49 would likely be the catalyst for an explosive growth phase,” she predicts.
#5 Echelon (PRIME): Wacy talks about PRIME’s multifaceted ecosystem, which includes a trading card game and an AI game, both of which are gaining traction. “Echelon sits at the confluence of gaming and blockchain technology, attracting a broad audience with its innovative gameplay and decentralized features,” she notes. From a technical analysis perspective, PRIME price is near a favorable buy zone at $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 and is poised for growth. “Ethena’s performance on weekly charts typically precedes major price movements. With the next major unlocking event scheduled for April 2025, the increase could be substantial,” explains Wacy. He compares ENA’s current price trajectory to that of SEI.
Strategic profit taking
Wacy also provides strategic advice on profit-taking, anticipating that the altcoin market index, TOTAL3, could rise to between $2 trillion and $2.3 trillion during the altseason. He suggests considering partial profit taking once the market reaches around $1.6 trillion. His logic is based on historical patterns where many investors fall prey to greed, resulting in substantial losses.
The analyst also recommends preparing a profit-taking strategy in advance, advocating reserving 10-15% of positions for potential further growth beyond initial targets. He warns that the last surge in a growth phase often triggers excessive greed, suggesting that recognizing such signals could be crucial to exiting promptly before the onset of bearish market conditions.
At the time of writing, WIF was trading at $3.58.
Featured image from iStock, chart from TradingView.com