Why It’s Time to Shift to These Altcoins for 10x Profits
In the last month alone, the cryptocurrency market value has climbed from $2.54T to approximately $3.36T, an increase of 32.28%. There is no doubt that the market is in a bull market.
Several cryptocurrencies, including Bitcoin (30-day gain of 22.2%) and Ethereum (15.7%), have benefited from the positive crypto market conditions. It’s worth noting that all cryptocurrencies are unlikely to benefit equally from this bull season.
This raises a difficult question: What to choose and what not to choose? Cryptocurrency expert VirtualBacon shares insights on how to maximize returns by focusing on innovative projects while avoiding over-hyping.
Cryptocurrency Bull Market
Although the cryptocurrency expert expects significant growth in the cryptocurrency market over the next 6 to 12 months, he admitted that not all coins will see significant growth in this cryptocurrency bull run, stressing that some cryptocurrencies have already reached their highest point.
Highlighting that altcoins outside of the top ten cryptocurrencies have historically outperformed BTC by at least 5x, experts predict that in the current bull market, mid-cap cryptocurrencies may rise more than 6x, while low-cap cryptocurrencies The increase could be as high as 10 to 20 times the run.
He stuck to his main thesis, predicting that Bitcoin would only rise 2x, while the other top ten cryptocurrencies (especially Ethereum and Solana) would rise 3 to 4x.
Selling XRP and XLM?
The analyst highlighted the massive 5-fold price increase of XRP, rising from $0.50 to $2.50 in just one month. They attribute the growth to retail’s “phobia of missing out” and a spike in search interest – common indicators of late-stage hype. Despite the compelling narrative of ISO 20022, analysts believe that similar coins like XRP and Stellar have limited upside as they are near all-time highs.
Instead, analysts recommend Ethereum and Solana due to their strong use cases and growth potential. They also highlight Algorand as an undervalued asset with 80% of circulating supply, strong exchange support and solid fundamentals, offering higher upside potential.
The expert warns investors to avoid a large number of risky cryptocurrencies. This includes XRP, SUI, Bitcoin Cash, Litecoin, Ethereum Classic, SAND, MANA, AXS, ENJ and GALA. His objection to XRP and SUI is that they are overvalued and overhyped. At the same time, he decried the lack of progress on Metaverse Tokens to date, and that the gaming tokens have become obsolete.
Best Cryptocurrencies to Consider
While he does believe that the top ten cryptocurrencies have less growth potential than others in the coming months, he still advocates investing in Ethereum and Solana because they have solid use cases. He also supports Algorand as being undervalued, supports Avalanche for scalability, and supports Chainlink as a leader in innovation in the DeFi ecosystem.
Although he criticized the lack of progress on popular Metaverse tokens, he claimed that Wilder World stands out. Likewise, while he expressed his dislike for existing gaming tokens, he does believe that certain gaming tokens, such as SuperVerse, XBorgm, SeedworldMeta, SuperChampsHQ, have great potential.
Key Strategies for the Cryptocurrency Bull Run
Experts recommend that cryptocurrency investors follow three basic strategies:
- Focus on innovative projects with a solid foundation.
- Avoid over-hyped coins and outdated models.
- Priority is given to fairly issued tokens with active ecosystems.
To sum up, the cryptocurrency bull market is an opportunity to maximize returns, but strategic positioning is crucial.
