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Home»ALTCOIN NEWS»According to Crypto Trader, Altcoins are gearing up for a 2023-style bull run. Here’s the timeline:
ALTCOIN NEWS

According to Crypto Trader, Altcoins are gearing up for a 2023-style bull run. Here’s the timeline:

By Crypto FlexsAugust 22, 20242 Mins Read
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According to Crypto Trader, Altcoins are gearing up for a 2023-style bull run. Here’s the timeline:
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A widely known cryptocurrency analyst and trader is expressing a bullish outlook on altcoins.

The analyst, known by the pseudonym Sherpa, told his 220,000 followers on social media platform X that another rally similar to the one that occurred between November 2023 and March 2024 is likely.

On when the next altcoin rally will occur, Sherpa said:

“I think it will come out around December or January this year.

If Bitcoin cools off after hitting an all-time high, it will be set up well.”

According to an anonymous analyst, the next altcoin season could be relatively mild.

“But we’re still going to see some amazing, powerful moves, three to five times faster.

To be honest, a true altcoin season similar to January 2021 may be a few years away, but altcoins will mostly bounce (with a few outliers that stand out as normal).”

A widely-recognized analyst says that altcoins currently offering “good safe haven” trading opportunities include decentralized finance (DeFi) platform Aave (AAVE), XRP, and blue-chip layer 1 tokens BNB Chain (BNB) and Tron (TRX).

According to Sherpa, new coins like Solana-based decentralized physical infrastructure network io.net (IO), DeFi protocol BounceBit (BB), and Blast (BLAST) are “not very safe, but if Bitcoin holds up, they’ll probably be fine.”

The anonymous analyst said memecoins such as POPCAT, DOGWIFFHAT (WIF), and PEPE (PEPE) are riskier but offer potentially higher rewards.

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Disclaimer: The opinions expressed on The Daily Hodl are not investment advice. Investors should do their own due diligence before making any high-risk investment in Bitcoin, cryptocurrencies or digital assets. Your transfers and transactions are at your own risk and any losses you may incur are your own responsibility. The Daily Hodl does not recommend buying or selling cryptocurrencies or digital assets and The Daily Hodl is not an investment advisor. The Daily Hodl participates in affiliate marketing.

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