The cryptocurrency market continues its progress in the green zone as we head towards the weekend. Leading cryptocurrency Bitcoin managed to regain 43 thousand dollars. Among the major cryptocurrencies, Chainlink attracts attention with its performance. However, a popular crypto analyst shares three altcoin projects that he predicts will outperform “older generation” digital assets during the ongoing market cycle.
“Look at these altcoin projects, not the old ones, for good profits!”
cryptokoin.comAs you follow from, Bitcoin lost its upward momentum following the spot Bitcoin ETF hype. This affected the general situation of the market. However, analysts suggest that this situation is starting to change. Moreover, some predict that the market is on the verge of a new rally. In a new YouTube video, Jason Pizzino shared his market commentary to his followers. He says a good guideline for betting on altcoins is to avoid putting money into projects from previous cycles. In this context, Pizzino makes the following statement:
When you look at things from the old era, they don’t seem to have the same sticking power or pumpable power as they once did. So if you’re looking for things that will give you bigger profits, an easy rule of thumb is to stay away from most of the old bullshit. Although they do make some pumps, you want to go for things with more pumpability. What are these cryptos? There is too much. We can say things like rendering. It had some pretty good moves on the upside. There’s been a lot of talk about TIA. There has been a lot of talk about SUI.
Let’s look at the crypto projects shared by the analyst
Coinbase, the largest US crypto exchange, has just added Render (RNDR) to its listing roadmap. Render is a decentralized Graphics Processing Unit (GPU) model aimed at aiding three-dimensional rendering tasks and emerging 3D applications. RNDR was trading at $4.76 at the time of writing. The altcoin, ranked 45th by market cap, is up more than 4% in the last 24 hours.
Celestia (TIA) is a decentralized network that aims to allow anyone to deploy their own blockchain easily and at minimal cost. TIA was trading at $17.35 at the time of writing. The altcoin, ranked 33rd by market cap, gained more than 4.6% in the past day.
Sui Network (SUI) is a layer-1 Blockchain. It is also a major competitor to Aptos (APT). The project works on a delegated proof-of-stake (dPOS) consensus mechanism. Thus, it aims to provide low latency and high throughput. SUI was trading at $1.47 at the time of writing. The altcoin, ranked 46th by market capitalization, increased by approximately 1.5% in the last 24 hours.
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