News View Non-AMP

Analyst Says Altcoins Could Go To Zero; Lists Strong Coins For Gains

Published by
Anjali Belgaumkar

Analyst Lark Davis expressed frustration with the current market downturn, indicating a desire to clear out altcoin holdings and start fresh in the next bull market. However, he stressed that market downturns are part of the natural cycle in crypto, and while not all coins will recover, major ones are likely to bounce back.

According to Davis, the altcoin market is seeing varied activity and sentiment, with specific coins like ICP, Kaspa, Oasis, Monero, and Jupiter being in the spotlight for their unique features and strategic moves.  While some coins like XRP face challenges in maintaining their use cases against newer networks like Solana, others like Jupiter are making significant moves to increase their value.

Regarding the broader market, the expert noted the ongoing panic over specific Bitcoin assets and suggested that this fear has become a narrative. He advised buying Bitcoin during market downturns, as it often presents opportunities.

Strong Altcoins:

Solana: Solana’s capability to handle high transaction volumes at low costs positions it as a strong competitor to other networks like XRP. Its inclusion shows the growing importance of efficient and scalable blockchain networks.

Avalanche: Avalanche is noted for its high performance, scalability, and interoperability with other blockchains.

Jupiter:  Jupiter’s decision to cut 30% of its supply is seen as a bullish move, potentially increasing its value by reducing the available tokens, which can lead to increased demand and price appreciation.

Oasis: The Oasis Network is focused on privacy-preserving blockchain technology and aims to create a scalable and versatile platform for DeFi applications.

However, he warned against reinvesting in projects that are unlikely to recover after the current market crash, labeling many as “destined for the dustbins of history.” He said that altcoins like Fantom might recover with the broader market. “I hold Fantom and see its potential, but many altcoins seem risky now. Some may recover, but others could go to zero,” he said.

Also Read : Crypto Market Analysis: Bitcoin, Ethereum, and Altcoins Show Gains!

Anjali Belgaumkar

Writer by choice, CryptoCurrency Writer, and Researcher by chance. Currently, focusing on financial news and analysis, as well as cryptocurrency news and data. One may not call me a crypto “Enthusiast” but trust me I'm getting there.

Recent Posts

TRUMP Meme Coin Price Prediction 2025, 2026 – 2030: Will $TRUMP Price Hit $50?

Story Highlights The live price of the TRUMP crypto is . TRUMP price could reach…

April 24, 2025

Pi Coin Trading Suspended by BitMart, Delisted by Banxa: What’s Next for Pi Network Price?

Pi Coin is currently facing growing bearish sentiment, as it struggles to regain momentum after…

April 24, 2025

Ethereum Might Not Even Survive Next 10-15 Years – Says Cardano Founder Charles Hoskinson

Charles Hoskinson, the founder of Cardano and one of Ethereum’s early co-founders, has issued a…

April 24, 2025

April 25th SEC Crypto Roundtable: Paul Atkins to Address Broken Crypto Custody Rules

Following the success of its first session on April 11, the U.S. Securities and Exchange…

April 24, 2025

Why Is TRUMP Coin Going Up Today?

The TRUMP memecoin, linked to the U.S. President Donald Trump is making serious headlines after…

April 24, 2025

Binance Delists ALPACA, PDA, VIB, and WING Tokens

Binance has confirmed that it will delist and cease trading for all spot trading pairs…

April 24, 2025