Popular cryptocurrency analysts recently pointed to these 20 altcoin projects! These altcoin projects may explode soon! Here are the details…
Leading crypto experts: “A new altcoin season can begin!”
As we reported as Kriptokoin.com, many cryptocurrencies have been on the rise since the beginning of the year, while the most striking crypto currency is Bitcoin (BTC), the leading cryptocurrency. Bitcoin (BTC) has gained 70 percent since the beginning of the year and managed to exceed the level of 28 thousand dollars. However, while many altcoins are on the rise, experts pointed out that a season may start for altcoins. Altcoin season is generally explained as a season that can provide higher returns than Bitcoin and Ethereum, and altcoin seasons are as follows:
- Fresh capital entering the cryptocurrency ecosystem often flows into stablecoins, Bitcoin or Ethereum, as they are considered relatively safe.
- Because of this flow of capital, markets rally.
- Profits from these ecosystems move into altcoins along with new capital.
- This rotation of capital triggers an altcoin season.
On the other hand, after the Fed’s latest interest rate decision and the recent banking crisis, many investors turned to the crypto money market. Markets are on the rise, while the orientation towards financial institutions is declining further. According to experts, these altcoin projects may soon be on the rise and we may see an alt season. However, the advancement of artificial intelligence and the fact that many investors turn to altcoins in this direction may also trigger the altcoin season.
Impact on global markets and cryptocurrencies
Due to the recent collapse in the banking sector, confidence in financial institutions seems to be declining, causing more attacks on banks. This positive feedback loop has two meanings:
- It wants the Fed to support these banks by providing US dollar liquidity.
- Whatever the Fed does, investors eventually flock to relatively safer assets to protect their wealth.
Considering the recent rally in Bitcoin, coupled with the breakout between BTC and the Dollar, one can guess that the leading crypto is such an asset. For investors, the 70 percent year-to-date return on BTC would have been a good hedge against inflation. Ethereum followed in the footsteps of the big crypto and gave its holders 50 percent returns in the same time frame. However, BTC seems to have managed to protect its gains. With the Fed’s interest rate decisions announced on the evening of March 22, the markets seem to rise even more. BTC is instantly traded at $ 22 thousand.
After the initial volatility from these high-impact macroeconomic events subsides, profits from BTC and ETH are likely to turn into altcoins, triggering an alt season. While this flow of capital is common knowledge, investors need to make a well-educated forecast and determine where the money will flow next.
Experts pointed out that these altcoins could explode during the altcoin season.
Liquid Staking Derivatives
Due to Ethereum’s Shanghai upgrade and staking incentives, altcoins in this ecosystem are likely to get a lot of attention. Some of the Liquid Staking altcoin projects are as follows:
Other currencies related to staking but not directly linked to Ethereum, such as Near Protocol (NEAR), Ankr (ANKR), Thorchain (RUNE), EOSIO (EOS), may also experience bullishness.
Zero-Knowledge Altcoin projects
Continued pressure from regulators and the general need for privacy could help these altcoins rise. Some of the altcoins in this category are as follows:
Other notable altcoins in this category include projects like Loopring (LRC), Polygon (MATIC), Horizon (ZEN), Dusk Network (DUSK).
Layer-2 altcoin projects
With the entry of the giant cryptocurrency exchange Coinbase into the Layer-2 race, many projects in the ecosystem are becoming favorites. Some of the Layer-2 altcoin projects that stand out with their partnerships are as follows:
However, other noteworthy altcoins in the Layer-2 category are IMX, LRC, SKALE (SKL).
Along with these crypto money projects, experts point to a possible rise in altcoins in the near future. Experts recommend that investors follow the rising altcoins and new trending topics after the Ethereum Merge update last year.
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