Famous Analyst Reveals Which Investments Are Safe and Risky as Altcoin Season Begins
As for when the next altcoin rally could happen, Sherpa said, “I think it will happen in December/January of this year. Bitcoin reaching a new all-time high and then stalling could trigger this process.”
“There’s a high chance that a real altcoin season like the one in January 2021 won’t happen for a few years. But altcoins will mostly bounce back (as they normally do, with only a few exceptions really standing out),” he added.
Safe opportunities vs. risky options
Sherpa listed assets like decentralized finance (DeFi) platform Aave (AAVE), XRP, BNB Chain (BNB), and Tron (TRX) among the altcoins he thinks currently offer “safe” trading opportunities.
In addition, Sherpa noted that new coins like the Solana-based Decentralized Physical Infrastructure Network io.net (IO), DeFi protocols BounceBit (BB) and Blast (BLAST) are “not very safe, but if Bitcoin remains stable, they are probably fine.”
Sherpa said that among memecoins, assets like Popcat (POPCAT), dogwifhat (WIF) and Pepe (PEPE) are riskier but could potentially offer higher returns. Such assets could be attractive to investors with a high risk appetite.
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