Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn
Crypto Expert Predicts Explosive Rallies for Bitcoin, Meme Coins, and Select Altcoins

Crypto Expert Predicts Explosive Rallies for Bitcoin, Meme Coins, and Select Altcoins

CryptodnesCryptodnes2024/11/07 23:11
By:Cryptodnes

A well-known crypto analyst predicts that three categories of digital assets are positioned to experience significant rallies in the current market cycle.

In a recent video, the InvestAnswers host stated that Bitcoin (BTC) , meme coins, and certain promising altcoins are likely to see substantial gains. He emphasized that these groups have the best potential for explosive growth in the coming months.

However, the analyst also cautioned that many other cryptocurrencies may fail to recover and could fade into obscurity.

He noted that if a digital asset is still more than 60% off its all-time high midway through the bull market, it is unlikely to reach those levels again.

READ MORE:
Avalanche Buys Back $52M in AVAX, Ends Ties with Terra

He advised investors to cut losses on underperforming assets, as the majority of them are unlikely to rebound.

The expert further emphasized that while there could be a rare outlier, the overwhelming majority of coins that are significantly down will likely never recover.

<span data-mce-type="bookmark" style="display: inline-block; width: 0px; overflow: hidden; line-height: 0;" class="mce_SELRES_start"></span>

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

US stocks head into holiday week with history on their side

Let’s take a look at how US equities typically perform this time of year and what we might see in the coming days

Blockworks2024/11/27 03:33

Cardano implements first ZK smart contract

Share link:In this post: Cardano has deployed its first zero-knowledge smart contract on the mainnet through the use of the Halo 2 zkSNARKs. The technology allows for secure and private verification of computations with the help of the network without disclosing sensitive information. ADA recently crossed the $1 level and went as high as $1.15 before a 17% drop.

Cryptopolitan2024/11/27 03:33