Experts select 5 alts worth following, announcing the arrival of the altcoin boom in three years.
As the Cryptocurrency market emerges from a seven-month consolidation phase, following the parabolic rise trend of BTC and various AltCoins in the first quarter of 2024, Cryptocurrency analyst OxNobler boldly declares that today marks the beginning of the next significant AltCoin season. In a recent post on the social media platform X (formerly known as Twitter), OxNobler shared insights into AltCoin indicators, which have shown a parabolic shape for the first time in three years.
The analyst emphasized the cyclical nature of the market phases, driven by capital inflows shifting from BTC to Tokens with larger Market Cap, and eventually reaching AltCoins with lower Market Cap. This indicates a continuous rise in Liquidity movement, which may drive significant price pumps in the AltCoin space.
OxNobler pointed out key catalysts for the upcoming influx of Liquidity, including several factors: the upcoming U.S. election, with both candidates expressing support for BTC, expected rate cuts by the Fed, the possibility of China lifting the Cryptocurrency ban, and F.T.X's anticipated payment of 16 billion USD from Q4 2024 to Q1 2025.
By analyzing historical PA and market cycles, OxNobler believes that traders can achieve significant profits in the coming months. OxNobler focuses on several AltCoins that he believes are likely to achieve rise in the new market phase.
Key participants in the upcoming market transformation:
Realio Network (RIO): This blockchain-based platform focuses on the issuance, investment, and lifecycle management of digital securities and encryption assets. The current trading price is $0.83, with a market capitalization of only $4 million. OxNobler believes that RIO is likely to pump significantly, especially considering the growing interest in Real World Assets (RWA). Major asset management companies such as BlackRock have already invested in this area, which may drive demand for RIO and other altcoins.
Zero Labs (DEAI): This Token supports a Decentralization Artificial Intelligence ecosystem that focuses on data governance. DEAI is currently priced at $0.55 with a market capitalization of $50 million. As Artificial Intelligence continues to gain attention, especially with companies like Nvidia being highly sought after in the past year, DEAI has become an attractive option.
Note that in recent times, SUI has surged 28% in the past month and 372% year-to-date, with a current trading price of $1.98 and a market capitalization of over $5 billion, preparing for the expected alts season.
Render Network (RENDER): This Decentralization GPU rendering network connects users in need of GPU computing power with users willing to rent out resources. RENDER's market capitalization is 26 billion US dollars, with an issue price of 5 US dollars. Analysts believe that RENDER is expected to benefit from the increasing demand for GPU computing in various technical applications.
TokenFi (TOKEN): According to analysts, TokenFi aims to simplify the process of cryptocurrency and asset tokenization and aspires to be a leading platform in this field. Currently, the trading price of TOKEN is $0.047, with a market capitalization of $47 million.
(Data Source: Ronaldo Marquez)
