Crypto strategists who are widely respected believe that altcoins will experience a rally of unprecedented magnitude in this current market cycle.
Altcoin Psycho, a pseudonymous analyst on social media platform X, tells his 493,700 followers that altcoins have historically seen big surges in the upward direction during a bull’s second inning.
The analyst claims that traders who have made profits on Bitcoin (BTCThe capital of the meme tokens and their capital will be rotated. trigger Another round of rallys on the altcoin markets.
“If this market seems fun, just watch as memecoins (and BTC liquidity) are rotated back into altcoins of quality. The second leg of a cycle is usually when the best gains are made.
“Don’t get me mistaken, I believe memecoins will go higher, and I have been enjoying not losing money with them, but as someone who has been in crypto since 2014 I can tell you that the second leg up is the most craziest.
Altcoin Psycho keeps a close eye on altcoins that have no tokens left to unlock. suggesting There is no imminent threat of a large selling pressure for these coins, since the entire supply is already in circulation.
“Look for previous cycle tokens that are fully unlocked and haven’t run yet. The ones with strong weekly candle closes today are next up to run.”
LooksRare is a non-fungible token marketplace that has a native asset, the LooksRare coin.LOOKS).
“–> NFTs picking up steam again
–> former 2nd largest NFT marketplace
–> 100% unlocked
——–>bottom?”
LOOKS, at the time of this writing, is trading for $0.124.
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Source: dailyhodl.com