Prominent cryptocurrency guru AlΞx Wacy sparks excitement by hinting that altcoin season is upon us, adding that there are certain altcoins within the vibrant $277.174 billion market. suggested that prices may rise.
According to Weissy's predictions, only about 15% of altcoins have the potential to generate returns of 10x to a whopping 100x during this anticipated altcoin season.
Weissy points to important signs such as TOTAL3 (excluding BTC and ETH) consolidation exceeding $700 billion as encouraging signs. This indicator acts as a barometer, indicating whether the broader altcoin market is ready to break free from Bitcoin's dominance.
That's all you need to know.
Top altcoins that can expect growth
Additionally, Wacy has identified six altcoin projects that are expected to see notable growth during this anticipated all-season.
Meme Coin (WIF / PEPE)
WIF and PEPE are emerging meme coins, similar to the structure that drove DOGE's growth in the previous cycle. These meme coins aim to achieve market caps similar to SHIB. In the upcoming bull market, we expect WIF and PEPE to skyrocket significantly, in some cases by 100x.
Ondo Finance (ONDO)
ONDO serves as the governance token for Ondo DAO and Flux Finance. This token is witnessing strong demand as evidenced by consistent buy-in from investors. Meanwhile, Weissy suggests that the potential entry point is around $0.64, given the current market cap of $1.1 billion.
Etena Lab (ENA)
ENA is a synthetic dollar protocol that provides a crypto-native alternative to traditional banking. The pattern on the weekly analysis chart indicates that ENA is poised for accelerated growth going forward. ENA is currently trading at $0.90, up 12% in the past 24 hours, giving it a market cap of $1.28 billion.
Arweave Eco (AR)
AR, the decentralized storage network, could soar if it sustains consolidation above $49. Analysts are predicting a potential supercycle and are raising the bar on AR.
Echelon FND (Prime)
PRIME is a game universe project that is steadily gaining a user base. However, technical analysis shows that PRIME is currently in a favorable buy zone, presenting an opportunity for investors looking to take advantage of its growth potential.
Move carefully!
However, each of these altcoin projects represents a unique opportunity within the broader cryptocurrency ecosystem. Despite the enthusiasm for altcoin season, Weissy cautions investors about potential market volatility. Flash crashes and bearish cycles can hinder profits, highlighting the need for strategic risk management.
As the altcoin market heats up, Weissy advises being cautious and staying informed. This period of increased altcoin activity presents both risks and rewards for astute investors.
Did you know: John Deaton owns 75% of Bitcoin, faces criticism from maximalists
Are you ready to ride the altcoin wave? Prepare your investment strategy now.
