The cryptocurrency strategist who put an end to the Bitcoin (BTC) bull market in 2021 believes the altcoin market’s massive rally is just beginning.
Pentoshi, a pseudonymous analyst, told his 755,100 followers on social media platform
According to the cryptocurrency analyst, he sees the total market capitalization of all altcoins (TOTAL3) suddenly rising by more than 264% from its current level of around $548 billion.
“That’s right. We haven’t seen anything yet. We could potentially see this cycle reach $2 trillion. We are not even close to new highs yet. “But we see a winner this cycle with much more theoretical upside.”
analyst highlight Most of the recent bullish movements in the cryptocurrency market have been focused on Bitcoin, and a true altcoin season has yet to occur.
“Brothers, if you look at the overall Alt market cap, you know we haven’t even had an alternate season for this cycle yet and the best performers are still going to be the best performers.”
When it comes to top-performing companies, Pentoshi mentioned two cryptocurrency subsectors: think It will outperform the rest of the market.
“AI (artificial intelligence) + games. Easy papers that people love and are passionate about continue to perform well.”
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