8 Coins To Buy Before

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13 Jan 2024
32

How some cryptocurrencies could see massive gains when institutional money floods in
We are currently witnessing the impacts of Bitcoin rallying around $34,000, and we are seeing some altcoins follow suit. Looking at Crypto Bubbles, we are seeing mostly green for the day. If we look at the past week, we see that essentially everything is green. Even over the last month, we are seeing some very nice gains. This is only the beginning — we aren’t even in the next bull run just yet. But I believe that when BlackRock’s spot ETF gets approved, we are going to see some massive moves in some of these altcoins.

For those unfamiliar, BlackRock is an investment management company that holds about $9 trillion in assets under management. In 2022, that figure was $8.6 billion. If we look at this thread, Larry Fink, the CEO of BlackRock, was on Fox Business talking about BTC. It seems inevitable that the approval of this spot Bitcoin ETF is only a matter of time. When that happens, we’re going to see a massive influx of money move into Bitcoin. With money flowing into Bitcoin, it’s understandable that altcoins will follow suit, probably soon after.

What are some of the top experts saying about SEC approval for a spot Bitcoin ETF? We could see the Bitcoin price surge to between $42,000 and $100,000. Anthony Scaramucci believes SEC approval could increase Bitcoin’s valuation from $600 billion to $6 trillion. There is going to be a whole lot of money entering the crypto market. Bitcoin will have a field day if the spot ETF is approved, and altcoins are sure to go crazy as well.

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1. Ethereum (ETH)
It’s inevitable — you have to have Ethereum. As the second largest cryptocurrency after Bitcoin, Ethereum is more than just a store of value. Any type of DeFi application, any cryptocurrency as a whole, a lot of L2s are built on top of Ethereum. Ethereum provides great security for the industry and is a clear leader.

In the previous bull market, ETH went to $4,700. I foresee a $10,000 Ethereum when we have the next bull market and more money enters crypto. On top of that, if the BlackRock ETF is approved, we’ll see huge money pouring into Bitcoin and then into Ethereum. Ethereum is a no-brainer — put money in and it will print money. It’s only a matter of time. We don’t need to spend too much time on ETH — it’s an obvious play.

2. Hedera (HBAR)
Next is Hedera Hashgraph. We haven’t seen a big pump compared to other altcoins. Looking at the last month, it’s only up about 5%. Meanwhile, everything else on Crypto Bubbles is up 30% or more. Why hasn’t Hedera moved up yet? In my opinion, it’s only a matter of time.

Looking at Hedera’s chart, nothing much has happened since the beginning of the year. We’ve been in a downward trend, with accumulation between about 5 and 35 cents. Right now we’re sitting around 5 cents. We’re seeing a downward trend line resistance. I think that as soon as we break through to the upside, we’ll probably test support on the downside again. But I believe this trendline will become support before the next move up for HBAR.

Right now, HBAR is around 5 cents. It hasn’t had a big move yet, unlike other altcoins. But like I said, it’s a matter of time. Hedera has positioned itself very well in the market. I believe this previous all-time high market cap of $6.5 billion will be surpassed in the next bull market. With the influx of money into crypto from the BlackRock ETF approval, it will legitimize the entire space.

3. Injective Protocol (INJ)
Another layer 1 blockchain is Injective Protocol, one of the fastest layer 1 chains around. It is shaping the future of finance. Injective has literally been on a mission of its own the past few months. Since the beginning of this year, it’s up about 1000%, essentially a 10x for anyone who invested.

One reason I like Injective is that it’s the first blockchain to offer auto-executing smart contracts. This empowers faster, more innovative applications. It is also pioneering interoperability between blockchains and EVM-compatible chains. This allows developers to create custom DeFi solutions.

Scrolling back up, you can see this is backed by the best of the best — Binance, Pantera, Jump Crypto, and Mark Cuban. Injective has been going crazy. In the last month alone it’s up 80%.

Taking a closer look at Injective’s chart, we definitely see a breakout from previous resistance around $9.60. There was some accumulation between $6 and $9.60 over the last month, and then boom! A blow up.

Will Injective retest $9.60? Technically it should, but there’s been serious momentum. Maybe it doesn’t even go back to test support — perhaps it consolidates first before the next leg up. We’ve seen it consolidate before in this range, so we could stay here for now. But with crypto hype, Injective could absolutely continue going up. Definitely add this to your watchlist.

4. Avalanche (AVAX)
I don’t think we should discount AVAX whatsoever. In the last bull market, it went to about $120 per coin, or around a $30 billion market cap. For it to be at $4 billion now, I see a lot of potential, especially with its subnets. Lots of applications can use Avalanche subnets to build their own chains. I believe crypto gaming projects will continue using AVAX subnets. This bodes well for AVAX.

Looking at AVAX’s chart, it’s not pretty. Since the new year it’s only gone down, from around $21 to $8 before pumping back to around $11. Looking at the weekly chart, we are still in a downtrend. We have not come back to this $12 resistance yet. I’m still waiting on AVAX — waiting for it to break the downtrend and retest support. I believe AVAX will do well next bull market. Definitely one to add to your watchlist.

5. Casper (CSPR)
Next is Casper, another layer 1 chain. It’s a proof of work chain but building rapidly. Something that makes me even more bullish is that it’s at its all-time high around 5 cents, despite not being listed on any major exchanges yet like Coinbase or Binance. If it does get listed there, I foresee it going parabolic.

The Casper technology is definitely there, as we’ve covered in many videos already. Looking at its MeXC chart, we can see Casper has been on a tear. We had highlighted some key support and resistance levels. Right now we’re at the top around 5 cents.

Will Casper go back down to 4 cents? We’ll have to wait and see. But I’d be willing to bet on it for the future, especially with its layer 1 tech as one of the fastest layer 1s. Definitely add Casper to your watchlist and look at these prices carefully. Try to buy any dips if you want to get into Casper.

6. Solana (SOL)
Right now SOL is at $30.85. It’s been on a rollercoaster ride. We saw what happened with the FTX collapse and SOL crashed. But it’s recovered nicely. It went down to around $13 and now is closer to $33.

Will Solana get back to its $72 billion market cap from last bull market? We’ll have to wait and see, but I’d confidently say it can at least 5x from here, reaching around $50 billion in market cap.

Looking at its chart, we are seeing some resistance around $32.50. We’ll have to see how that plays out. But there’s a lot of interest and hype around Solana. Some analysts have predicted crazy numbers, saying SOL will surpass its all-time high. SOL definitely has a big community behind it. With improvements to its chain, I believe Solana is a great asset to 5x or 10x next bull market. Definitely one to watch.

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