Here’s When Ethereum and Altcoins Could Start To Outrun Bitcoin, According to Analyst Jason Pizzino
The Daily Hodl
Here’s When Ethereum and Altcoins Could Start To Outrun Bitcoin, According to Analyst Jason Pizzino
Daily Hodl Staff March 31, 2024
A widely followed crypto analyst is detailing when he believes Ethereum (ETH) and altcoins could outpace Bitcoin (BTC).
In a new video update, crypto strategist Jason Pizzino tells his 321,000 YouTube subscribers that the altcoin market is setting up for a massive rally – with the ETH/BTC pair as its proxy.
“Still seems like the market is building for those mega 37x potential returns for altcoins. [ETH/BTC] is a bit of a proxy for the altcoin pump.”
According to Pizzino, if history repeats itself and ETH/BTC behaves the same way it did the last time Bitcoin hit its 2021 cycle peak, traders can expect a breakout of the pair sometime in the coming months. Pizzino’s chart indicates that it could be in May or June.
“The point here is: [we had a] new Bitcoin all-time high month, the following month was down and then ETH went on a pretty significant run from there.
So if things are similar to last time, maybe this is the move down because Bitcoin is pushing to new all-time highs, it’s taking the show, then you see another red month here as Bitcoin continues on, and then a reversal here for ETH.”
Source: Jason Pizzino/YouTube
ETH/BTC is trading for 0.05145 BTC ($3,616) at time of writing.
Pizzino goes on to say that the smart contract platform Solana (SOL) will likely go through a similar process.
“Same sort of thing for Solana…
Just looking back at the previous cycle, [Solana was a much] weaker crypto at the time, [it is] now a lot stronger than what it was back then, but you can see also with the Bitcoin new all-time high price around November (2021), it still went lower even against [the] USD at that time, but then that was the time to skyrocket, so we’re in a similar sort of period now where Bitcoin’s gotten into its new all-time high.”
Solana is trading for $196 at time of writing, a 1.5% decrease during the last 24 hours.
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Top Altcoins Set for 10x-100x Gains in the Crypto Bull Run of 2024
Author: Qadir AK
Mar 30, 2024 13:20
news-image
Crypto Trader Turns $310 Investment into $1.4M in Two Months with THIS Altcoin
Story Highlights
Trader Mikybull Crypto predicts explosive growth for specific altcoins in the coming Altseason, potentially multiplying investments by 10x to 100x.
Mikybull sees strong growth for sectors like AI, Real World Assets, and Gaming during the altcoin season.
With Altseason 2024 on the horizon, renowned trader Mikybull Crypto has just unveiled a secret weapon: a list of altcoin projects poised for explosive growth, potentially multiplying your investment by 10x to a staggering 100x.
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Are you curious to discover these hidden gems and unlock massive gains? Dive deeper to find out the altcoins Mikybull recommends.
#Altcoins bull run is just starting compared to the 2021 Alts season.
Huge gains like 10-100x are possible during the final phase of this explosive move.
Here are a few AI alts analyses preparing for a massive move.
🧵👇 pic.twitter.com/JMd9N4DXSa
— Mikybull 🐂Crypto (@MikybullCrypto) March 28, 2024
Hidden Opportunities for You!
AI (SleeplessAI_Lab)
This altcoin has recently broken out of a triangular pattern and is currently consolidating, suggesting a possible upward trajectory in the near future.
ENQAI (enq_AI)
Positioned at a solid support level, ENQAI appears to be in a favorable position for growth.
LRC (loopringorg)
Sporting a rare Adam&Eve pattern, LRC is poised for a breakout above this pattern, potentially leading to price discovery. Mikybull suggests targets for LRC between $0.68 and $2.
ANKR (ankr)
Showing signs of readiness to surpass its one-year resistance level, ANKR is primed for a significant upward move. He linked the surge with the recent release of Neura_io that could further fuel its growth potential.
Also Read: Here’s Why Altcoins May Soar Following Bitcoin’s Halving: Will the BTC Price Reach $100K?
Strategic Insights for Altseason 2024
As the post-halving mania approaches, explosive movements are on the horizon.
Being rightly positioned in this bull cycle will bring you maximum returns in your Alts portfolio.
Here are a few solid sectors that are explosive in potentialhttps://t.co/RmuC5gZQ9T
— Mikybull 🐂Crypto (@MikybullCrypto) March 28, 2024
During this period, he highlighted several sectors expected to boom in the current bull cycle, including AI, Real World Assets (RWA), BRC20, Gaming, Memes, Modular, and Layer 1 and Layer 2 solutions.
Armed with Mikybull Crypto’s roadmap, investors and enthusiasts gear up for an exhilarating journey through Altseason 2024. The promise of innovation, growth, and endless possibilities awaits in the crypto sphere.
Mikybull has shared his wisdom, but the crypto universe is vast and dynamic. What other altcoins are you keeping a keen eye on as the season unfolds? The adventure continues.
Read More: This Popular Altcoin is Poised for a 1000% Jump to Hit $100 in 2024
Altcoins Price Analysis
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