Crypto analyst and trader Paradotor, with more than 700 thousand followers, shared the 30 altcoin projects that he expects to rise the most in the next 2 years.
Paradotor announces altcoin basket for 2025
The altcoin market started the positive news flow with the Ripple victory of July 13. The next big development is Elon Musk’s new application X App, which is expected to be launched in the coming days.
Meanwhile, Paradotor shared a basket of 30 projects altcoins, most of which are among the top 100. He said that he expects the most increase in these 30 coins in the next 2 years:
Paradotor’s list also includes young altcoin projects such as ARB and APT. Open Campus (EDU), one of the notable names, had a 30x return in April with the news of Binance. Names like ACA, PENDLE, GLMR, SYN, GNS, and GAL are the small-volume projects of the list.
Meanwhile, no meme tokens were included in the list other than Floki (FLOKI). FET, GRT and OCEAN were selected projects especially from the artificial intelligence (AI) category.
“I expect $45,000 in September”
As for Bitcoin, according to Paradotor, if July ends above $31,840, the bulls’ next target will be $45,000. The crypto analyst says that this level can be seen as early as September:
29,200 support in Bitcoin. Our resistance is at $31,840. If the monthly close is above $31,840, I expect a rise to $45,000. Even if there is a test of $29,200, I expect the monthly close above the resistance. I said I expect $45,000 in September. My goal is valid.
Bitcoin halving is approaching
The next BTC halving is expected to take place in April 2024. Prior to that, Bitcoin miner metrics provide perspective on market conditions.
According to Glassnode, Bitcoin miner exits have hit 19-month lows. In terms of context, Bitcoin miner flows often increase when they anticipate selling pressure or have to sell their holdings to cover their expenses. In this case, miner flows are falling. This means they have less incentive to sell.
Also, the miner reserve metric jumped sharply between May 27 and June 3. This was the sharpest rise he had experienced in the last 12 months. Such a big shift shows that more miners are willing to HODL rather than cashing in for short-term profits.
The summaries metrics show that long-term confidence is back in the market. Bitcoin traders now need to be on the lookout for events that could strengthen the bullish outlook, as well as those that would lead to lower confidence.
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