The cryptocurrency market emerges with different aspects from other markets. Undoubtedly, one of them is that the investment products in this market suddenly peak or fall. We have witnessed this many times in bull and bear markets. Now, a crypto analyst is grouping altcoin projects in the market according to their bullish potential. Among them, there are quite a few projects where he sees 100x potential.
Analyst: These cryptocurrencies have potential!
The analyst, nicknamed Crypto Chiefpriest, shared his expectations from the cryptocurrency market. The analyst divided the cryptocurrencies into groups based on their potential to rise. In this context, the analyst predicts a 7X increase for the leading cryptocurrency Bitcoin (BTC). In addition, the leading altcoin Ethereum (ETH) sees 10X potential. Crypto Chiefpriest places Chainlink (LINK), Polkadot (DOT), Quant (QNT) and Cosmos (ATOM) in the altcoin group that it expects to increase by 20X.
The analyst’s 50X altcoin group is a little more crowded. This list includes OCEAN, RNDR, ROSE, WOO, MNW, METIS, GAL, HOOK and ID tokens.
Crypto Chiefpriest then moves on to projects with 100X potential, where he lists quite a few altcoin projects. In this list, CDT, DIO, XEN, WELL, HELLO, CGPT, ANML, GFAL, VLX, NAKA, TAO, RPG, LAI, CHNG, GUILD, CULT, MM, BLOK, XANA, AIDOGE, PBX, AZERO, CHNG, TAO , TRIAS, SAITO, PYR, KAS and RIO. Besides, the analyst makes a very ambitious prediction for an altcoin. According to him, Dogechain (DC) has the potential to do 1000X.
Altcoins are in a long-term accumulation phase
According to ZERO IKA, a crypto analyst at Twitter, altcoins will remain in the accumulation phase until the next Bitcoin halving. However, he expects altcoins to regain market share this summer.
Ika draws its analysis from TradingView data on “TOTAL3”, which shows the cumulative market cap of all cryptocurrencies except Bitcoin and Ethereum. The TOTAL3 value of $328.667 billion at the time of writing coincides with an accumulation range where $460 billion is the highest and $290 billion is the lowest. At this level, Ika identifies an important opportunity for altcoin advocates based on its forecasts for the future. He says altcoin investors have ample time to accumulate digital tokens before April next year. Meanwhile, the analyst expects a rally this summer. However, he says this will be a temporary move to gain some ground against Bitcoin. Therefore, he thinks that Bitcoin will rise as well.
The crypto analyst shares his trading plan for the upcoming season. According to him, he will evaluate the narrative in the early stages of future price expansions. It also clarifies its plans to slowly scale from Bitcoin to altcoins by the end of this year and early 2024. However, he states that if Bitcoin reaches its all-time high (ATH) this year, plans will change and he will reevaluate his market analysis.
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