Analyst expects BTC price to hit $150,000 which will trigger a parabolic altseason.
He goes on to list his top 9 options for altcoins to 100x this bull run phase.
These include ONDO, LAI, ZENT, JUP, IO, DRIFT, AXL, MANTA, and TNS.
Bitcoin has just broken past a crucial 7-month-long resistance having closed bullish in the previous week. The pioneer crypto asset broke past the $69,000 price level igniting bullish sentiment once again for a pumptastic Q4. This furthermore, pushed the crypto market into a greedy sentiment alighting even higher price predictions for Bitcoin (BTC) price.
Altseason Arrival Nears
Furthermore, the bullish Bitcoin momentum has encouraged the arrival of a parabolic altseason as well. As we can see from the post above, one reputed crypto analyst takes this moment to share his top 9 altcoins with a massive potential to boom in price over the coming bull run phase of the ongoing crypto bull cycle.
https://twitter.com/TonyResearch_/status/1847657332559220760
To begin, he first explains that these predictions are based on the fact that Bitcoin (BTC) price will likely hit a new ATH of $150,000 which will onset the start of altseason possibly in October or November 2024. Then he goes on to state that a $250 investment today could grow to $22,000 by Q1 2025, according to optimistic projections.
Altcoins With Top Parabolic Pump Potential
Next, he mentions how historically, the cryptocurrency market moves in four-year cycles, and the current cycle suggests we are in the ‘Interest Phase’. This phase typically sees accumulation, setting the stage for massive gains during the ‘Mania Phase’.
He then goes on to list the top 9 altcoins that have a potential for 100x returns as the market prepares for what he believes to be the biggest altseason in years. Firstly, he highlights Ondo Finance (ONDO), an on-chain financial software managing tokenized RWA with a total market cap of $993 million.
Next he goes on to highlight the next 4 on the top 9 altcoins with a 100x potential list starting with Zentry (ZENT) a GameFi ecosystem evolving beyond the typical DAO with a market cap of $119 million. Following that is Jupiter Exchange (JUP) a decentralized exchange aggregator on Solana with a market cap of $1.15 billion.
Then comes Axelar (AXL) a cross-chain platform enabling blockchain interoperability and Manta Network (MANTA) a privacy-focused network offering ZK solutions. Finally, the latter 4 altcoins include. Drift Protocol (DRIFT), LayerAI (LAI), IONet (IO), and Tenson (TNS).
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