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Home»ALTCOIN NEWS»Analyst Jamie Coutts says altseason signals are likely to flash in the coming weeks. Here are his top Altcoin recommendations:
ALTCOIN NEWS

Analyst Jamie Coutts says altseason signals are likely to flash in the coming weeks. Here are his top Altcoin recommendations:

By Crypto FlexsMay 30, 20242 Mins Read
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Analyst Jamie Coutts says altseason signals are likely to flash in the coming weeks.  Here are his top Altcoin recommendations:
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Real Vision analyst Jamie Coutts believes the altcoin market is preparing for a massive breakout against Bitcoin (BTC).

The former Bloomberg analyst told his 18,100 followers on social media platform

Coutts says:

“Based on where we are with cryptocurrencies, the president, and most importantly, the liquidity cycle, alt-season signals are likely to emerge in the coming weeks.”

Coutts says a historical sign of the start of alt season is when the alt season index is trending upward at the same time that the smart contract platform (SCP) sector is both rising. This is indicated by a green arrow in the chart below.

Source: Jamie Coutts/X

Although the alternate season index has not yet increased, the SCP project is starting to show strength, he says. He picks the best alternative projects that he believes will perform well in the coming weeks, including Solana (SOL), NEAR Protocol (NEAR), and Toncoin (TON).

“You can try to take the lead (Alt Season) or look at assets that are already outperforming (in the 26% (Altcoin Season Index)) and bet on continued relative strength. SCP assets with highest relative strength vs. BTC: SOL, NEAR, TON.”

SOL/BTC is trading at 0.00250 BTC ($168) at the time of writing, up almost 1% in the last 24 hours.

Meanwhile, NEAR is trading at 0.0001135 BTC ($7.63) at the time of writing, up slightly on the day, while TON is trading at 0.00009646 BTC ($6.46) at the time of writing, up 1.17% over the last 24 hours.

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Disclaimer: Opinions expressed on The Daily Hodl do not constitute investment advice. Investors should do their due diligence before making high-risk investments in Bitcoin, cryptocurrencies, or digital assets. Please note that your transfers and transactions are entirely at your own risk and you will be responsible for any losses you may incur. The Daily Hodl does not recommend the purchase or sale of any cryptocurrency or digital asset, and The Daily Hodl is not investment advice. The Daily Hodl engages in affiliate marketing.

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