Syncracy Capital co-founder Daniel Cheung recently tweeted that $BTC has re-entered bullish territory, which boosts confidence in the leading cryptocurrency to hit new highs. But there’s more to it!! Let’s break down his key points:
Altcoins:
1) Gains are expected to be dispersed, meaning not all altcoins will rise together. However, many new and established altcoins, such as $SOL, AKT, MKR, and TAO, could hit new highs.
2) Long-tail memecoins may no longer be a good choice due to oversupply. Look for consolidation of “blue chip” memecoins with strong narratives, such as $WIF, MAGA, and BODEN. LSTT0112
Other sectors:
3) The Solana ecosystem and Crypto x AI could see strong buying pressure.
4) The Gaming + Social narrative could also see some growth, but ETH may not join the ranks unless a crypto ETF is approved.