Cryptocurrency expert Zero IKA has recently addressed concerns about altcoins and memecoins through his X account, highlighting historical market trends and current conditions. He compared current patterns with past cycles, emphasizing how the ETH/BTC trading pair can signal the strength of altcoins towards the end of market cycles. The renowned host of the 99Bitcoins YouTube channel also shared three altcoins with bullish prospects based on Zero IKA’s insights.
What Makes ETH/BTC Decisive?
Zero IKA pointed out that in past bull runs, decentralized finance (DeFi), governance tokens, and oracles were key narratives, while many altcoins struggled. He noted that altcoins like Komodo and TRX surged only at the end of cycles after ETH/BTC’s significant moves. This pattern highlights the importance of a strong narrative or institutional support for altcoins to rise. Despite current market conditions being as expected, Zero IKA remains cautious about the potential for an immediate altcoin season.
Which Altcoins Show Promise?
The host of 99Bitcoins discussed three altcoins with strong potential. The first is Not Coin, which has risen from $0.005 to $0.02 recently. The analyst believes it could reach a $10 billion market cap, offering a fivefold increase by year-end. The second altcoin, Chuan Pu, dubbed the Chinese Donald Trump, has seen significant growth, recently launching a new website and planning future developments. With a market cap of $6 million, it could potentially increase three to five times.
Key Takeaways for Investors
Investors can draw valuable inferences from these insights:
- Monitor the ETH/BTC trading pair for altcoin strength signals.
- Consider altcoins with strong narratives or institutional backing.
- Evaluate altcoins like Not Coin and Chuan Pu for short-term gains.
- Keep an eye on market cap and liquidity scores for potential growth.
- Invest in memecoins like Turbo for long-term potential during meme booms.
The third altcoin, Turbo, is an AI memecoin with a market cap of $317 million. Although it has yet to show substantial performance, the analyst sees it as a long-term investment with significant growth potential during future meme booms.
In conclusion, while the market exhibits familiar patterns, investors should carefully evaluate altcoins based on historical data, current trends, and future potential for gains.