Cryptocurrency Expert Pointed Attention to Those Altcoins: Here is the Possible Date for the Rise!

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Thor Hartvigsen, in the last four months altcoin He stated that he detected a large increase in supply. In a recent article, Hartvigsen stated that $8.6 billion of additional liquidity has been provided to the cryptocurrency market this year. stated. According to the famous name, crypto projects will unlock $70.5 billion more liquidity in the coming years.

Meanwhile, Hartvigsen emphasized that the average fluctuation between the market cap and fully diluted valuation (FDV) of newly launched tokens is only 13.6%. He calls this “the tip of the iceberg,” given the new tokens and supply he expects to arrive later this year.

Hartvigsen, in his article, soon cryptocurrency He listed some of the categories he is looking forward to filling the market. These categories include Modular Infrastructure protocols, Bridges and Cross-Chain Messaging solutions, Liquid Repurchase Tokens (LRTs), EigenLayer solutions, L1s, L2s, L3s and Persistent Decentralized Exchanges, and more.

The cryptocurrency watchdog particularly emphasized that this year’s crypto market capital will not be limited to new projects. According to him, several cliffhangers ending from the 2023 cohort will unlock a significant amount of tokens into the crypto market.

Hartvigsen shared a screenshot featuring the newly launched tokens, which he thinks are suitable for a ‘medium-to-long-term altcoin investment play’. Topping the list was Jupiter’s JUP, with a market cap of $1.33 billion and FDV of $9.88 billion. Ethena’s ENA followed JUP with a market value of $1.17 billion and FDV of $12.34 billion.

Other newly launched crypto tokens identified by Hartvigsen include ONDO, W, STRK, and DYM. These constitute the top altcoins by market cap among several other altcoins launched in the first quarter of 2024.


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