The Big Altcoin Report 2024: A Beginner's Guide for Q3 - By Metazen
Metazen Market Analysts dive into the Altcoin landscape for Q3
This report provides a beginner-friendly analysis of the altcoin market for the rest of 2024, Q3.
Why We're Bullish on Altcoins
History tends to repeat itself in the crypto market. In late 2020, Bitcoin surged while altcoins seemed stagnant. Then, altcoins experienced a major rally. The current market behavior echoes this pattern, with a period of consolidation following a strong altcoin run-up. This suggests that a similar altcoin boom could be on the horizon.
Metazen's Altcoin Picks and Buying Strategies
The Sandbox (SAND) at $0.21
Stacks (STX) at $1.45
Arbitrum (ARB) at $0.65
Immutable X (IMX) at $1.21
Ethereum (ETH) at $2,880 (a core holding)
Optimism (OP) at $1.55
Sei Network (SEI) at $0.24
Frontier (FRONT) at $0.84
JasmyCoin (JASMY) at $0.027
Omni (OMNI) at $9.20
Zcash (ZK) at $0.16
Rune (RUNE) at $3.48
IOST (IO) at $2.78
Telegram Open Network (TON) at $5.55
Nexo (NOT) at $0.11
Binance Coin (BNB) at $394
Pro Tip:Metazen analysts set buy orders 10-5% above or below the listed prices.
The Ethereum ETF Launch and Its Impact
The highly anticipated Ethereum ETF launches on July 2nd. While a massive price surge might not be immediate, it signifies a positive shift that could benefit the altcoin market in the long run.
The Altcoin Market Reversal: When to Expect It
Two Possible Scenarios for the Altcoin Market Cap:
Option A (less likely): A bounce from the current $550 billion market cap, contingent on a swift improvement in overall market sentiment.
Option B (more likely): A test of the $480 billion market cap followed by a bounce in mid-July. This could trigger temporary panic selling, but it would also signal an altcoin capitulation, historically a precursor to a price surge.
Investors who enter the market now are positioned to benefit from the anticipated upswing in the coming months. Metazen analysts are ready with buy orders in place, expecting a significant altcoin rally by mid-July.
