In the ever-evolving world of cryptocurrencies, one respected name, crypto-analyst Alex Wacy, has issued a new word of guidance to his 175,000 followers. As his audience well knows, his insights offer a glimpse into the exciting yet unpredictable future of altcoins. Wacy presents a picture of a crypto-market on the cusp of an enormous surge in altcoin value, in which the discriminating investor could stand to reap substantial rewards through careful selection and perfect timing.
For the uninitiated, the term ‘altcoin’ refers to all the cryptocurrencies other than Bitcoin. Now, according to Wacy, only about 15 percent of these digital gems are likely to experience an explosive growth of 10 to 100 times their current value. Thus, the choice of which altcoin to buy becomes the most critical factor for potential investors. A misstep could mean game over.
The crypto-specialist recognizes the market as grossly undervalued in the present scenario, teetering on the edge of a significant surge. The consolidation of the total altcoin market capitalization at the $700 billion mark would validate the bullish trend, heralding the launch of the much-anticipated altseason.
Currently, according to Wacy, the crypto market is exhibiting three types of capitulation—price, time, and growth, all suggesting a marked change in investor behavior potentially heralding market recoveries. Investors terrified of further nosedives will likely retreat, thus clearing the way for a supercycle driven by Fear of Missing Out (FOMO) and intensified buying.
The altcoins, WIF and PEPE, are flagged by Wacy as potential early movers in the anticipated altseason. He likens them to DOGE during its stunning ascent, attributing their potential success to strong community support and their compelling meme appeals matching that of SHIB’s in the previous cycle.
He also earmarks Ondo Finance (ONDO), a coin focused on Real World Assets (RWA) known for its strong buy support during price dips, as an attractive investment prospect. Additionally, he considers Arweave (AR), a decentralized data storage solution, and Echelon (PRIME), with its multi-dimensional ecosystem including an AI-powered game and a trading card game, and Ethena (ENA), a synthetic dollar protocol as potential profit-makers.
Wacy does not stop at mere identification of potential star-performers; he goes one step further by charting a road-map for profit extraction. Anticipating the altcoin market index, TOTAL3, to soar between $2 trillion to $2.3 trillion during the altseason, he advises a strategy of partial profit realization once the market hits the $1.6 trillion mark, to avoid substantial losses often incurred due to investors’ greed.
To conclude, Wacy urges investors to develop a profit-taking strategy in advance. He recommends keeping 10-15% of positions aside for possible further growth beyond initial targets, reminding investors about the excess greed often triggered by the last growth phase. Recognizing such signals, he posits, would be paramount for a timely exit before a potential downturn.
