GET 10% OFF ON YOUR FIRST ORDER. FOR A LIMITED TIME ONLY. Use code: WELCOME on checkout

Altcoin Season Begins in 45 Days, Prominent Analyst Reveals

As the horizon brightens with the anticipation of another altcoin season, investors are on the lookout for the next big cryptocurrency.

With a diverse range of tokens gaining traction, the market is ripe with opportunities for those willing to dive into the depths of blockchain technology and its myriad applications.

45 Days Until Altcoin Season

According to renowned analyst Rekt Fencer, altcoin season might be around the corner. This optimistic outlook suggests it is now the time to select the right low-cap cryptocurrencies, aiming for the elusive 100x returns that many dream of.

For this reason, it is crucial to understand the sequence of a typical bull run. Ran Neuner, a South African entrepreneur, explained that altcoin season traditionally starts with a surge in the price of Bitcoin. This is followed by Ethereum and then high-cap cryptocurrencies such as Solana and Avalanche.

“[Bitcoin is] attacking the all-time high with huge momentum. Now, the reality is that as soon as that all-time high is breached [again], and it could happen as soon as today, it is like the gun goes off for altcoins, and the race begins,” Neuner said.

Neuner pointed out that becuase Bitcoin surpassed its previous all-time high, altcoins could also reach new highs about 70 days later. It is worth noting 22 days following Bitcoin’s peak, altcoins often undergo a correction period.

Read more: Which Are the Best Altcoins To Invest in April 2024?

Bitcoin vs Altcoins Market
Bitcoin vs Altcoins Market. Source: TradingView

The crypto market is currently 14 days into this correction phase, and the market is beginning to recover. This pattern suggests that if the cycle continues as it has historically, altcoins season could start in approximately 45 days.

“To see how far [altcoins] have to go between now and hitting the all-time, that means that altcoins need to go up by 50%. Do you understand how violent a move of 50% in the next 45 days is going to be? It’s face melting,” Neuner emphasized.

Meanwhile, Rekt Fencer highlighted that the low-cap coins and meme coins could benefit the most, albeit the higher risk. He said that achieving 2x to 10x gains is common, especially, in the early stages of altcoin season.

The Cryptocurrencies to Watch

To navigate altcoin season, investors are advised to build a diversified crypto portfolio, stick to their investment narratives, and exercise patience.

Rekt Fencer shared a list of six under-the-radar altcoins that may have significant potential. Leading the pack is Polyhedra Network (ZK), a project focused on Web3 interoperability, scalability, and privacy through zero-knowledge proof technology. With a market cap of $286.3 million and a current price of $3.14, Polyhedra presents an interesting entry point.

Not to be overlooked, the quirky meme coin Wolf Wif Ballz (BALLZ) continues to charm its way through the Solana ecosystem. With its blend of humor and investment potential, BALLZ, priced at $0.05 and boasting a $50.2 million market cap, exemplifies the unpredictable nature of meme coins.

Portal (PORTAL) emerges in the GameFi space, offering a cross-chain gaming ecosystem that bridges disparate blockchain networks. Coupled with staking rewards, PORTAL, at $2.07 and a $306.6 million market cap, is crafting a new narrative for gamers.

Read more: 11 Best Altcoin Exchanges for Crypto Trading in March 2024

Portal Price Performance
Portal Price Performance. Source: TradingView

Meanwhile, Boson Protocol (BOSON) enables the tokenization, transfer, and trade of physical goods as NFTs. BOSON, priced at $0.68 with an $83.1 million market cap, aims to revolutionize the perception of value and ownership in the digital age.

Finally, the market of artificial intelligence in crypto is led by pioneers such as VoluMint (VMINT) and Monai (MONAI). These projects leverage AI to enhance trading activity and integrate LLMs with blockchain protocols, respectively.

In preparing for the upcoming altcoin season, investors should conduct thorough research, consider diversifying their portfolios, and remain cognizant of the risks associated with cryptocurrency investments. With the right strategy and a bit of patience, the next few months could be transformative for the savvy crypto investor.

The post Altcoin Season Begins in 45 Days, Prominent Analyst Reveals appeared first on BeInCrypto.

Latest Press

post-thumbnail
News
4 hours ago
Venezuela’s Bitcoin Mining Crisis: Government Actions and Potential Gas-Powered Solutions
Venezuelan Bitcoin miners halt operations as government disconnects power, citing strain on national...
READ MORE
post-thumbnail
News
4 hours ago
Solana Faces Bearish Pressure Despite Bullish On-Chain Metrics: What’s Next for SOL’s Price?
The post Solana Faces Bearish Pressure Despite Bullish On-Chain Metrics: What’s Next for SOL’s P...
READ MORE
default post thumbnail
News
4 hours ago
DOGE To The Moon: This Dogecoin Metric Just Turned Bullish For The First Time Since 2020
Dogecoin (DOGE) is again in the spotlight as the foremost meme coin could be ready for takeoff. This...
READ MORE
default post thumbnail
News
4 hours ago
Lido (LDO) Poised For Explosive Surge To $17, Expert Forecasts ‘Massive Breakout’
Lido Finance, the liquid staking protocol for the Ethereum (ETH) network, has experienced significan...
READ MORE
default post thumbnail
News
4 hours ago
Curve Founder Faces Massive Blow As CRV Price Dives 40%, Multi-Million Dollar Liquidations
A sudden and dramatic crash in the value of Curve Finance’s native token, CRV, has resulted in sub...
READ MORE
default post thumbnail
News
4 hours ago
Analyst Predicts 35% Jump For Bitcoin In Next Step Of ‘Magic Bands’
Despite the price crash after rising to $69,000, the Bitcoin price remains in the game, with bulls c...
READ MORE
default post thumbnail
News
4 hours ago
Bitcoin Stuck: Here Are 2 Things That Must Happen For BTC To Break $72,000
At spot rates, Bitcoin is firm, but traders doubt the uptrend following the unexpected dump on June ...
READ MORE
default post thumbnail
News
4 hours ago
Memecoin Fight: DADDY Surpasses MOTHER Despite Insider Trading Activity Allegations
The celebrity memecoin mania has added a new player with the recently launched Daddy Tate (DADDY). T...
READ MORE
post-thumbnail
News
4 hours ago
These Altcoin Projects Have Raised the Most Capital in 2024
In 2024, several altcoin projects have secured substantial funding, showcasing growing investor conf...
READ MORE
default post thumbnail
News
4 hours ago
Paxos Reportedly Downsizes Workforce by 20%: Details
Stablecoin issuing company Paxos has laid off 20% of its workforce, decreasing its employee count by...
READ MORE

Publish an article now

Unlock the power of media for instant visibility to the target audience, major SEO boost, greater website traffic and conversion rates.

click here to get started