Altcoins
Crypto Banter Reveals Top Altcoins Poised for Profit in the Next 3-Wave Bull Market
- Ran Neuner wonders if celebrity involvement in cryptocurrency signals a market peak, urging caution.
- Neuner’s strategy: Keep trading simple, focus on Ethereum and major tokens like ARB and OP.
- Crypto Banter’s approach includes investment phases in the Ethereum cycle and selective inclusion of memecoins.
Crypto Banter host Cryptomanran, aka Ran Neuner in his daily life, says celebrities flocking to the cryptocurrency world could be a bad thing, perhaps signaling a high.
Is this an important sign? Should we start exiting the market or is this actually good for cryptocurrencies?
Related: Trump found guilty on all charges; Biden seizes opportunity to take cryptocurrency industry to court
Simply put, here is Banter’s trading strategy: “Don’t be too smart in this market.”
What he means by this is: don’t overcomplicate things. Neuner and his team believe that retail investors will come back and invest in Ethereum, without diving too much into other altcoins.
They don’t have all the resources. They don’t know who to follow on Twitter.
Cryptocurrency jokes say that several waves of ETH will break – the first wave
According to Neuner and his team, retail investors will return and invest in Ethereum, without delving too deeply into other altcoins. The first wave will see long-established tokens rise – the household names, so to speak.
The coins of interest here are ETH (obviously), Arbitrum (ARB), Optimism (OP), Aave, Pendle, LidoDAO and ENS Ethereum Name Service.
The Ethereum Name Service (ENS) is a distributed naming system on the Ethereum blockchain that converts human-readable addresses into machine-readable codes and vice versa. It aims to make the Ethereum-based web more accessible, similar to the Internet’s Domain Name Service (DNS).
Of course, Banter also has the PEPE and Mog Coin memecoins in his bag – no memecoins? Unthinkable…
Why that selection, you ask?
We’re just looking for the obvious ones. Because what will happen is ETH will increase, and then the basis will increase. Arbitrum will pump, Optimism will pump.
Second wave: Most don’t understand
The next wave, perhaps unsurprisingly, involves assets that “most don’t understand.” In this case, Banter is investing in layer 2 projects, including decentralized exchanges (DEXs). Examples include those on Base – which itself has no tradeable tokens or coins – or on Optimism such as Velodrome (VELO).
VELO is an automated market maker (AMM), and Neuner and his team believe it will be the go-to DeFi hub for the OP blockchain.
Final wave: degeneration wave
Third wave – and here it becomes a bit “degen” because it is “the reformulation of the reformulation”. This category is perhaps where the most DYOR research and warnings are needed.
Basically, Banter claims to be investing in “potential spaceships.”
One is Hermule, a memecoin in honor of Vitalik Buterin’s cat; others are memecoins with strange names (what’s strange about cryptocurrencies?) like HarryPotterObamaSonic10Inu, with the ticker, wait for it, Bitcoin.
Related: Singaporean multinational bank DBS denies holding $650 million in ETH, following Nansen Post
If that’s too much for your taste, the Crypto Banter crew has a spreadsheet with all the projects in theirs video description if you want to do some research over the weekend. Or, alternatively, you can contact us cryptocurrency analysis guide before hitting the buy button on the latest memecoin.
Get the most important crypto news delivered straight to your inbox by subscribing to the CNA newsletter