Electronic Money potential for huge profits 2024

robot
Abstract generation in progress

Altcoin Market: Explosive Signals

The altcoin market is showing signs of recovery, but the famous cryptocurrency expert, VirtualBacon, advises investors to remain cautious. He shares his investment portfolio, trading strategies, and macroeconomic outlook, providing valuable insights. The market often forms from Bitcoin, followed by Ethereum (ETH) and Solana (SOL), and finally transitions from large-cap cryptocurrencies to small-cap and meme coins. According to VirtualBacon, we are currently in a phase of large-cap explosion.

Growth Analysis

Since April 1st, the altcoin market has increased by at least 27.23%. Ethereum has risen by 47.04%, and Solana by 46.73%. Smaller altcoins such as PEPE, TAO, and SUPER have also seen significant growth, each rising by at least 40%. An important factor is the temporary halt in the US-China trade war, which has reduced market volatility and increased liquidity.

Not Achieved Altcoin Season

Although there is a positive upward trend, VirtualBacon warns that the market has not fully entered altcoin season. He points out that until the U.S. Federal Reserve stops quantitative tightening (QT), the current rally is just a temporary recovery, not a real altcoin season.

Featured Altcoin

Ethereum and Solana are recommended due to their strong fundamentals, with Ethereum up 64.5% and Solana 37.7% over the past 30 days. ALGO and IOTA are suggested as alternatives to XRP, with ALGO having a low price, good liquidity, and stable tokenomics, while IOTA stands out with its new L1 and mainnet.

Solana Ecosystem and Gaming Industry

JUP is a representative name in the Solana ecosystem. In the gaming industry, SUPER is recommended due to its consistency and long-term potential, especially with the upcoming staking rewards.

AI and Meme Coin Industry

TAO is compared to Bitcoin in the AI crypto space, having doubled from its lows. PEPE's market cap has increased from 2 billion USD to 5 billion USD in a month. AXL and CHEX are recommended due to solid fundamentals, with AXL having no large unlocks and CHEX being compared to Securitize for BlackRock's BUIDL fund.

Thank you for reading this article!

Please Like, Comment, and Follow TinTucBitcoin to always stay updated with the latest news about the cryptocurrency market and not miss any important information!

View Original
The content is for reference only, not a solicitation or offer. No investment, tax, or legal advice provided. See Disclaimer for more risks disclosure.
  • Reward
  • Comment
  • Share
Comment
0/400
No comments