Cryptocurrency strategists who nailed the end of the 2021 Bitcoin (BTC) bull market believe the altcoin market’s big rally is just beginning.
Pseudonymous analyst Pentoshi told his 755,100 followers on social media platform He said he was doing it.
According to the cryptocurrency analyst, the total market capitalization of all altcoins (TOTAL3) is expected to rise by an astonishing 264% from its current level of approximately $548 billion.
“Yes, we haven't seen anything yet. If this cycle reaches trillions of dollars, we'll see that eventually this could happen. [dollars]. It's not even close to new highs yet. But we are looking at winners in this cycle, and in theory there should be much more upside room. ”
Analyst highlight The recent bullish movement in the crypto market has been mainly focused on Bitcoin, and a true altcoin season has yet to emerge.
“Folks, if you look at the total alternative market cap, you'll see that the best performers continue to be the best performers, even though we're not even through the alternatives season this cycle.”
When it comes to the best performers, Pentoshi points to two crypto subsectors. think It will outperform the rest of the market.
“AI (artificial intelligence) + games. Simple papers that people love and are passionate about continue to do well.”
Never miss a beat – Subscribe to get email alerts delivered straight to your inbox
Check price action
follow me twitterFacebook and Telegram
Surf the Daily Hoddle Mix
 
Disclaimer: The opinions expressed on The Daily Hodl do not constitute investment advice. Investors should perform due diligence before making high-risk investments in Bitcoin, cryptocurrencies, or digital assets. Please note that transfers and transactions are made at your own risk and any losses you may incur are your responsibility. The Daily Hodl does not recommend buying or selling any cryptocurrencies or digital assets. The Daily Hodl is also not an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Generated image: Mid Journey
