Crypto analyst known by the pseudonym Psycho altcoin The market is poised for a rally at a level not seen before in the current cycle. stated. The analyst noted that historical data supports upward gains in the second cycle of a bull market.
“If you think this market is fun, wait until meme coins and BTC liquidity returns to quality altcoins. The best gains of a cycle tend to occur in the 2nd leg. In my opinion, meme coins will continue to rise. “Things will get better in the second half as liquidity in Bitcoin shifts to other assets.”
The analyst noted that he pays attention to projects that do not have a token unlock event and that they have a better chance. According to the analyst, these altcoins are likely not to feel new pressure due to supply. For example, LooksRare is one of these assets. Because it will not be unlocked and the NFT market is gaining momentum.
