Renowned crypto guru AlΞx Wacy has sparked excitement with hints of an approaching altcoin season, signaling possible surges for specific altcoins within a bustling $277.174 billion market.
Wacy’s projections suggest that only about 15% of altcoins could yield returns ranging from 10x to a whopping 100x during this anticipated altcoin season.
Wacy points to vital signs, like consolidation surpassing the $700 billion mark on TOTAL3 (excluding BTC and ETH), as a positive sign. This metric acts like a barometer, indicating whether the broader altcoin market is ready to break free from Bitcoin’s dominance.
Here’s all there is to know.
Furthermore, Wacy identifies 6 altcoin projects poised for notable growth during this anticipated all-season.
Memecoins (WIF / PEPE)
WIF and PEPE are emerging memecoins, that resemble the structure that drove DOGE’s growth in a previous cycle. These memecoins aim to achieve a market cap similar to SHIB. In the upcoming bull run, expect WIF and PEPE to surge significantly, potentially by 100x.
OndoFinance (ONDO)
ONDO serves as the governance token for Ondo DAO and Flux Finance. This token has been witnessing strong demand, evidenced by consistent investor buy-ins. Meanwhile, Wacy suggests a potential entry point of around $0.64, considering its current market cap of $1.1 billion.
Ethena_labs (ENA)
ENA is a synthetic dollar protocol offering a crypto-native alternative to traditional banking. As per the analysis chart patterns on a weekly timeframe suggest that ENA is poised for upcoming growth acceleration. As of now, ENA is trading at $0.90, showing a 12% increase in the last 24 hours, with a market cap of $1.28 billion.
ArweaveEco (AR)
AR, a decentralized storage network, could soar if it maintains consolidation above the $49 mark. Analysts predict a potential super cycle, driving AR to higher valuation levels.
EchelonFND (PRIME)
PRIME is a gaming universe project that has been steadily attracting a growing user base. However, technical analysis indicates that PRIME is currently in a favorable buying zone, presenting an opportunity for investors looking to capitalize on potential growth.
However, each of these altcoin projects represents a unique opportunity within the broader cryptocurrency ecosystem. Despite the enthusiasm for altcoin season, Wacy cautions investors about potential market volatility. Flash crashes and bear cycles could challenge gains, emphasizing the need for strategic risk management.
As the altcoin market heats up, Wacy advises vigilance and staying informed. This period of heightened altcoin activity offers both risks and rewards for savvy investors.
Did You Know: John Deaton Holds 75% in Bitcoin, Faces Maximalist Criticism
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