As signs of a new altseason emerge, crypto analyst Alex Wacy shares his latest forecast with his 175,000 followers on X. Wacy predicts a hyper-growth phase for altcoins, emphasizing that asset selection and market timing will be key to catching the wave.
Wacy’s recent analysis points to a potential altcoin boom on the horizon. He cautions that only about 15% of altcoins will see 10-100x gains during this growth phase, which highlights the need for careful asset selection: “One slip-up, and you’re out.” The consolidation of the total altcoin market cap above $700 billion would confirm the beginning of altseason, according to Wacy.
Current sentiment in the crypto market suggests fear and uncertainty, a common precursor to market recoveries. Wacy categorizes this sentiment into three types of capitulation—price, time, and growth. This prevailing fear is clearing out weak hands, which could lead to a surge fueled by FOMO and strong buying activities.
Top 6 Altcoins with Massive Potential
1. Arweave (AR)
Arweave, a decentralised data storage solution, is gaining attention for its strong market structure and resilience . The development of AO, a decentralized computer network, further strengthens its appeal. A consolidation above $49 could lead to an explosive growth phase.
2. Ethena (ENA)
Ethena is a synthetic dollar protocol offering an alternative to traditional banking. Wacy points out that Ethena’s weekly chart pattern typically precedes major price movements, and likens ENA's current price trajectory to that of SEI.
3 & 4. WIF and PEPE
Wacy spotlights WIF and PEPE as two memecoins with significant potential. “WIF and PEPE are structured similarly to DOGE during its meteoric rise”. These coins have cultivated strong communities and meme appeal, a combination that could drive them to SHIB-level success. PEPE, in particular, seems poised for a breakout, while WIF could see a swift shift in market sentiment.
5. Ondo Finance (ONDO)
Ondo Finance is focused on Real World Assets (RWA) and has shown strong buy support during price dips. Wacy views ONDO as an undervalued asset with notable upside potential: “With a resilient buy floor, even slight retractions could offer lucrative entry points ahead of substantial upward trajectories,” he says. His first target for ONDO is the $1.62 price zone.
6. Echelon (PRIME)
Echelon's PRIME token stands at the intersection of gaming and blockchain technology, with a trading card game and AI-powered game gaining traction. “Echelon’s innovative gameplay and decentralized features attract a broad audience,” Wacy notes. The PRIME token's current price suggests a favorable buying zone from $14.97 to $17.5.
Wacy advises that the altcoin market index, TOTAL3, could reach between $2 trillion and $2.3 trillion during the altseason. He recommends considering partial profit-taking once the market hits around $1.6 trillion to avoid getting caught in the final surge of excessive greed, which often leads to substantial losses.
Strategically, Wacy suggests reserving 10-15% of positions for potential further growth beyond initial targets. Recognizing signals for timely exits is crucial before the market turns bearish.
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