The total crypto market capitalization has been consolidating in the past two months after a solid breakout fueled by the approval of several spot Bitcoin exchange-traded funds (ETFs) in the United States last month. Crypto analysts forecast a bullish continuation in the coming months, with the total crypto market cap expected to reach around $2.2 trillion amid the halving cycle.
Ultimately, the highly anticipated crypto bull market should materialize in the subsequent quarters in order of the crypto cash rotation and market cap, to the rise of meme coins, which most often signals the end of a cycle.
Lark Davis on Altcoins to Buy Now and Sell Later
According to popular crypto trader Lark Davis, with more than 1.1 million followers on the X platform, it is prudent for every crypto investor to be on the lookout for the altcoins that are likely to rally more than others in this bull cycle. The crypto analyst pointed out that new altcoins with deep liquidity and have not yet experienced prior bull cycles are the best to double down.
In addition to altcoins with impressive fundamentals like Solana (SOL), and Chainlink (LINK), Davis highlighted that altcoins registering high social mentions are likely to attract more investors amid the ongoing mass adoption of web3 projects and digital assets.
“New coins are ‘make big money’ that don’t have any salty bag holders from previous cycles, who will dump the second they get to break. New coins give you a clear runway up to the sky,” Davis noted.
Some of the shiny and new altcoins in the industry include layer two blockchains like Arbitrum (ARB) and Optimism (OP). Other notable altcoins with high chances of a high rewards to risk ratio in this bull cycle are the gaming tokens, NFT tokens, and new projects like Sui (SUI) and Celestia (TIA).
Zameer Attar
Zameer is a financial analyst and writer with a particular interest in cryptocurrency markets. He has been studying cryptocurrencies and their market behavior for several years and deeply understands the factors that affect the price of cryptocurrencies. His expertise lies in his ability to use both technical and fundamental analysis to make informed predictions about the future direction of cryptocurrency prices. He has a strong understanding of market sentiment and uses this to inform his trading decisions and price predictions.
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