When exactly will the altcoin season come?
To talk about the big market, when the first wave arrives, there will first be a small altcoin market, then a slight adjustment will be followed by the second wave of a big altcoin market!
And now this round of market has lasted for three months, and BTC has reached the critical position of 100,000 and has made adjustments. At the same time, the Bitcoin dominance has also declined, fluctuating for about 4 weeks, and the adjustment time is in place, which provides a foundation for the altcoin explosion. Don't rush into full altcoins, the arrival of the altcoin season not only requires Bitcoin but also enough emotions and funds overflow.
For a true altcoin season to arrive, Bitcoin needs to rise steadily, and Ethereum must maintain strong upward momentum. The combination of these two factors is the best driver of emotions and funds. Everyone can recall that in November, the slight strength of altcoins came after the Bitcoin blood-sucking phase, coupled with Ethereum frequently breaking through resistance levels, standing above $4000. Looking back, during the Bitcoin blood-sucking phase, and then Ethereum surged, many altcoins had already completed 2-3 times the moves, while weaker ones had over 50%. Therefore, if these conditions are not met, it is difficult for altcoins to have a comprehensive explosion day.
Returning to the topic, saying this is not to undermine everyone's confidence and expectations, but to make everyone understand that while looking forward to the altcoin season, we must also guard against the risk of a downturn. Once Bitcoin and Ethereum start to correct, altcoins will also face adjustments, so we should do well in the market conditions of each stage.
The altcoin season will not happen directly here, and the real expectations will change the landscape of altcoins with statements released after Trump takes office and the inflow of funds. Relying solely on the current funding, altcoins are unlikely to meet everyone's expectations.
Bottom-fishing for three cryptocurrencies that may increase 100 times in the future! 1. ZEN
Horizen (ZEN) has been in the spotlight this week as its price continues to steadily rise. The token has soared over the past seven days, reaching its highest level since May 2022. This impressive growth stems from significant developments, including the launch of Grayscale Horizen Trust and its listing on Gains Network, a decentralized derivatives trading platform built on Polygon.
Grayscale Horizen Trust is a key driver of ZEN's development momentum. Grayscale Investments recently submitted an 8-K form to the U.S. Securities and Exchange Commission (SEC), indicating that the trust is compliant with regulations and has attracted interest from institutional investors. The document shows that the trust issued 3,565,200 shares to qualified investors through a private placement, equivalent to 304,034 ZEN tokens (worth $4.7 million).
This announcement had an immediate impact, driving ZEN's price up by 30%. Since the launch of the trust, the token has experienced nearly 200% growth, rising from a low of $15 to a high of $41.61 today. Additionally, ZEN successfully broke through the key resistance level of $38.50 and is currently trading above that level.
From a technical perspective, ZEN shows strong potential for further growth. The token has formed a solid bottom at $16.30 and recently surpassed the previous volatility peak of $38 from March 11. Analysts believe that ZEN's next retracement level could be $45, indicating that there is still an upside of 8.15% from its current price.
Horizen's mission focused on privacy, its evolving ecosystem, and institutional support make it an exciting token worth watching. With recent gains and bright prospects, ZEN has performed remarkably.
2.SAND
Sandbox is a blockchain-driven virtual world where users can create, trade, and interact with digital assets in a dynamic gaming environment. Integrating decentralized autonomous organizations (DAOs) and non-fungible tokens (NFTs) can foster a thriving decentralized gaming community.
The platform's utility token SAND is currently priced at $0.58, having risen 6.88% in the past 24 hours. The price surge is reflected in its market capitalization, which has grown to $1.5 billion, with trading volume skyrocketing by 42.02%, reaching $417.76 million in just one day.
The white paper of Sandbox emphasizes its mission to bring blockchain technology into mainstream gaming. Its innovative 'play-to-earn' model enables users to become creators and participants, driving engagement and creativity. The SAND token plays a crucial role in supporting all transactions and enhancing the overall user experience.
SAND shows strong growth potential. Predictions suggest that if The Sandbox gains new partnerships, its price could exceed $0.952 by January. In a bullish scenario, its average price could reach $1.19 by year-end, while in a bearish market, its average price could drop to $0.092. The Sandbox uniquely combines gaming with blockchain technology, paving a bright future in the metaverse. Its growing popularity and solid fundamentals make it a project to watch.
3.PEPE
Pepe coin is generally regarded as the original frog-themed meme token, currently trading at $0.0000188. Compared to well-known tokens like Dogecoin, it has a relatively low market capitalization, indicating it may have greater growth potential.
Although Dogecoin requires strong market momentum to achieve a 5x return due to its high valuation, the smaller scale of Pepe coin makes such a leap more feasible.
Additionally, recent social media trends, including mysterious posts by Elon Musk featuring frog-related images, have sparked speculation about his interest in the frog token space.
The ongoing meme coin super cycle has further enhanced people's interest in $PEPE, especially as it shows potential for price recovery after the adjustment phase. If the market conditions stabilize and investor enthusiasm continues, supported by strong community support and favorable trading patterns, Pepe coin may reach new highs.