The post Top Analyst Says 45 Days Away From Altcoin Season To Begin, Key Altcoin To Watch Out For appeared first on Coinpedia Fintech News
As Bitcoin continues its upward trajectory towards a new all-time high (ATH), the cryptocurrency community eagerly awaits the onset of altcoin season. According to industry experts, this anticipated season of altcoins could commence in just 45 days, presenting investors with a fresh array of opportunities in the dynamic crypto market.
Industry pundits are abuzz with speculation as renowned analyst Rekt Fencer hints at the imminent arrival of altcoin season. With a keen eye on potential low-cap gems, investors are advised to prepare for potential windfalls as the market gears up for a potential surge in altcoin activity.
Fencer’s optimistic outlook underscores the significance of strategic timing and prudent investment choices in unlocking the sought-after 100x returns coveted by many in the crypto realm.
Countdown to Altcoin Season
Meanwhile, a South African entrepreneur Ran Neuner explains that altcoin season traditionally follows Bitcoin’s surge to a new ATH, followed by Ethereum and subsequently high-cap cryptocurrencies like Solana and Avalanche.
With Bitcoin surpassing its previous ATH, Neuner predicts that altcoins could also soar to new highs approximately 70 days later, albeit preceded by a 22-day correction period.
The cryptocurrency market currently finds itself 14 days into this correction phase, showing signs of recovery. If historical patterns hold, altcoin season could potentially kick off in the next 45 days, presenting ample opportunities for investors to diversify their portfolios.
Key Altcoins to Watch
Ahead of the anticipated altcoin season, analysts like Rekt Fencer have identified six promising altcoins, including Polyhedra Network (ZK), focusing on Web3 interoperability, scalability, and privacy. With a market cap of $286.3 million and a current price of $3.14.
Wolf Wif Ballz (BALLZ), a Solana-based meme coin, offers a blend of humor and investment potential, currently priced at $0.05 with a market cap of $50.2 M.
Portal (PORTAL) is a cross-chain gaming ecosystem with staking rewards, priced at $2.07 and a market cap of $306.6 million.
Boson Protocol (BOSON) stands out for its unique approach to tokenizing, transferring, and trading physical goods as NFTs.
In the rapidly evolving landscape of cryptocurrency, artificial intelligence plays a pivotal role, spearheaded by projects like VoluMint (VMINT) and Monai (MONAI).
As investors await the anticipated altcoin season, strategic investment decisions and thorough research will be crucial in navigating the evolving cryptocurrency market landscape