As the crypto market shows signs of a nascent altseason, crypto analyst Alex Wacy shared a strategic forecast with his 175,000 followers on X. Wacy predicts a selective yet explosive growth phase for altcoins, highlighting the critical nature of asset selection and market timing.
Crypto market outlook and asset selection strategy
Wacy’s recent thread underscores the anticipation of a massive altseason: “Only ~15% of altcoins will bring 10-100x in this hypergrowth. Asset selection matters more than ever. One slip, and you’re out.” His analysis highlights the potentially selective nature of the upcoming market phase, suggesting significant differences in performance between altcoins.
Wacy believes the market is currently undervalued and poised for a significant rise. He suggests that the consolidation of the total altcoin market capitalization above $700 billion will confirm the bullish trend, signaling the beginning of altseason. This perspective is rooted in current market behavior where sentiment remains largely bearish, presenting a contrarian opportunity for growth.
He categorizes current sentiment into three types of capitulation—price, time, and growth—indicating diverse investor behavior that often precedes market recoveries. The prevailing fear of further declines, according to Wacy, is likely to clear out weak hands, setting the stage for a supercycle driven by Fear of Missing Out (FOMO) and subsequent strong buying activity.
Top 6 Altcoins with the Most Potential
#1 And #2: WIF as well as PEPE are the meme coins highlighted by Wacy as potential early drivers in the expected altseason. “Look at WIF and PEPE, structurally similar to DOGE during its meteoric rise. These coins have cultivated a community and meme appeal that could very well match SHIB’s market cap in the previous cycle,” asserts Wacy. He notes that PEPE in particular looks poised for a breakout, while WIF, while currently weaker, has the potential for rapid shifts in market sentiment.
#3 Ondo Finance (ONDO): This Real World Asset (RWA) focused coin is characterized by its robust buying support during price dips. Wacy sees ONDO as an undervalued asset with significant upside. “ONDO has a resilient buying floor; even minor pullbacks to around $0.64 can provide profitable entry points before significant upside runs,” he advises. His first target is the $1.62 price zone.
#4 Arweave (AR): Known for its decentralized data storage solutions, Arweave is praised by Wacy for its strong market structure and resilience during downturns. Additionally, Arweave is building AO, a decentralized computer network that can be managed from anywhere. “Arweave is not just storage; it is a foundational technology in a decentralized future. A consolidation above $49 is likely to be the catalyst for an explosive growth phase,” he predicts.
#5 Echelon (PRIME): Wacy discusses PRIME’s multi-layered ecosystem, which includes a trading card game and an AI-powered game, both of which are ongoing. “Echelon stands at the confluence of gaming and blockchain technology, attracting a broad audience with its innovative gameplay and decentralized features,” he notes. From a technical analysis perspective, the PRIME price is near a favorable buy zone of $14.97 to $17.5. “Hope altcoins already enter the altseason, would like to see a V-shaped reversal,” Wacy says.
#6 Athena (ENA): This synthetic dollar protocol offers an alternative to traditional banking and is poised for growth. “Ethena’s pattern on the weekly charts typically precedes large price movements. With the next major unlocking event planned for April 2025, the build-up could be significant,” explains Wacy. He compares ENA’s current price trajectory with that of SEI.
Strategic profit taking
Wacy also provides strategic advice on profit-taking, and expects the altcoin market index, TOTAL3, to rise to between $2 trillion and $2.3 trillion during the altseason. He suggests considering partial profit-taking once the market reaches about $1.6 trillion. His rationale is based on historical patterns where many investors fall prey to greed, resulting in significant losses.
The analyst further advises to prepare a profit-taking strategy beforehand, advocating the reservation of 10-15% of positions for potential further growth beyond initial targets. He warns that the last surge in a growth phase often causes excessive greed, suggesting that recognizing such signals can be crucial for timely exits before the onset of bear market conditions.
At press time, WIF was trading at $3.58.
Disclaimer for Uncirculars, with a Touch of Personality:
While we love diving into the exciting world of crypto here at Uncirculars, remember that this post, and all our content, is purely for your information and exploration. Think of it as your crypto compass, pointing you in the right direction to do your own research and make informed decisions.
No legal, tax, investment, or financial advice should be inferred from these pixels. We’re not fortune tellers or stockbrokers, just passionate crypto enthusiasts sharing our knowledge.
And just like that rollercoaster ride in your favorite DeFi protocol, past performance isn’t a guarantee of future thrills. The value of crypto assets can be as unpredictable as a moon landing, so buckle up and do your due diligence before taking the plunge.
Ultimately, any crypto adventure you embark on is yours alone. We’re just happy to be your crypto companion, cheering you on from the sidelines (and maybe sharing some snacks along the way). So research, explore, and remember, with a little knowledge and a lot of curiosity, you can navigate the crypto cosmos like a pro!
UnCirculars – Cutting through the noise, delivering unbiased crypto news
