Altcoin
A renowned cryptocurrency researcher has identified the best altcoins with a return potential of between 10x and 100x
Renowned cryptocurrency guru AlΞx Wacy has been stirring up excitement with hints that altcoin season is approaching, flagging possible increases for specific altcoins within a buoyant $277.174 billion market.
Wacy’s projections suggest that only about 15% of altcoins could produce returns ranging from 10x to a whopping 100x during this expected altcoin season.
Wacy points to vital signs, such as consolidation crossing the $700 billion mark on TOTAL3 (excluding BTC and ETH), as a positive sign. This metric acts as a barometer, indicating whether the broader altcoin market is ready to break free from Bitcoin’s dominance.
Here’s everything you need to know.
The best Altcoins for growth
Furthermore, Wacy identifies 6 altcoin projects poised for notable growth during this predicted season.
Memecoin (WIF/PEPE)
WIF and PEPE are emerging memecoins, which resemble the structure that drove DOGE’s growth in a previous cycle. These memecoins aim to reach a similar market capitalization to SHIB. In the next bull run, expect WIF and PEPE to increase significantly, potentially by 100x.
OndoFinance (ONDO)
ONDO serves as a governance token for Ondo DAO and Flux Finance. This token has seen strong demand, highlighted by significant investor buy-ins. Meanwhile, Wacy hints at potential entry point of around $0.64considering its current market capitalization of $1.1 billion.
Ethena_labs (ENA)
ENA is a synthetic dollar protocol that offers a crypto-native alternative to traditional banking. According to the analysis, chart patterns on a weekly time frame suggest that ENA is poised for the upcoming growth acceleration. At the moment, ENA is trading at $0.90, up 12% in the last 24 hours, with a market capitalization of $1.28 billion.
ArweaveEco (AR)
AR, a decentralized storage network, could rise if it maintains consolidation above the $49 mark. Analysts predict a potential supercycle, driving AR to higher valuation levels.
EchelonFND (PRIME)
PRIME is a game universe project that constantly attracts a growing user base. However, technical analysis indicates that PRIME is currently in a favorable buy zone, providing an opportunity for investors looking to take advantage of potential growth.
Move with caution!
However, each of these altcoin projects represents a unique opportunity within the broader cryptocurrency ecosystem. Despite the excitement surrounding altcoin season, Wacy warns investors about potential market volatility. Sudden crashes and bear cycles could put a strain on earnings, underscoring the need for strategic risk management.
As the altcoin market heats up, Wacy advises staying vigilant and staying informed. This period of intense altcoin activity offers both risks and rewards for savvy investors.
Did you know: John Deaton Holds 75% of Bitcoin, Faces Maximalist Criticism
Are you ready to ride the altcoin wave? Prepare your investment strategy now!