The cryptocurrency market is experiencing a bull season that has once again attracted the attention of investors. The increase in the value of Bitcoin and other major altcoins has created a general upward wave in the market. However, the effects of this wave will not be the same for every crypto asset. The most important question for crypto investors is: which cryptocurrencies should be invested in during this growth period and which ones should be avoided?
Crypto expert VirtualBacon provides a comprehensive analysis on this subject, guiding investors. Based on historical data and market dynamics, the expert emphasizes that overhyped projects should be avoided and crypto assets that offer innovative use cases should be focused on. Here is a strategic analysis that will help you achieve success in the bull season under the guidance of VirtualBacon.
VirtualBacon expects significant growth in the cryptocurrency market in the next 6 to 12 months. However, it states that this growth will not be evenly spread across the entire market. Historical data shows that altcoins, in particular, make big gains during bull seasons. VirtualBacon's predictions are as follows:
Mid-Cap Altcoins: Can outperform Bitcoin by 6x.
Low-Cap Cryptos: Can have the potential to increase by 10 to 20 times.
Bitcoin and the Top 10 Cryptocurrencies: A 2x growth is expected for Bitcoin, and a 3 to 4x growth is expected for leading altcoins such as Ethereum and Solana.
This data reveals that although the market seems to show equal growth at first glance, it actually has a much more complex structure. It is important to remember that some cryptocurrencies have reached their peak and have limited growth potential.
VirtualBacon recommends investors to focus on innovative projects and crypto assets with solid foundations. Here are the prominent projects:
Ethereum (ETH): As one of the leaders in the crypto world, Ethereum continues to support the DeFi (decentralized finance) and NFT (unique token) ecosystems.
Solana (SOL): An innovative platform that stands out with its high transaction speed and low costs.
Algorand (ALGO): VirtualBacon notes that Algorand is an underrated asset, notable for its 80% circulating supply and strong technical infrastructure.
Avalanche (AVAX): Standing out with its fast transaction times and low costs, Avalanche offers an effective infrastructure for decentralized applications.
Chainlink (LINK): Oracle service leading innovations in the DeFi ecosystem.
As in every bull season in the market, it is very important to avoid exaggerated and risky projects during this period. VirtualBacon warns investors to stay away from the following cryptocurrencies in particular:
Overvalued Tokens: It is stated that the current values of cryptocurrencies such as XRP and SUI do not reflect their true potential and therefore pose a risk. For example, although XRP’s recent jump from $0.50 to $2.50 is impressive, it is stated that this growth is not sustainable.
Old-Fashioned Projects: Projects like Bitcoin Cash, Litecoin, and Ethereum Classic are now struggling to attract investors due to their lack of innovation.
Metaverse and Game Tokens: Tokens such as SAND, MANA, AXS have lost their appeal due to their lack of progress. However, there are some exceptions in these categories. For example, Wilder World is making significant progress in the Metaverse area. It is also stated that game tokens such as SuperVerse, XBorgm and SeedworldMeta may have great potential in the future.
Finally, VirtualBacon recommends three key principles for a successful crypto investment strategy:
Focus on innovative and well-founded projects.
Avoid hyped and speculative coins.
Prioritize active and growing ecosystems.
These strategies can help you make more informed and successful investment decisions during bull season.
