Aave

Blast

Sherpa

Pepe

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/altcoin-sherpa-foresees-altcoin-surge" data-wpel-link="internal" rel="noopener noreferrer nofollow">Altcoin Sherpa Foresees Altcoin Surge</a><br></p>
<p style="text-align: justify">In a recent analysis, popular cryptocurrency analyst Altcoin Sherpa shared an optimistic outlook for altcoin <a href="https://finance.coin-turk.com/" rel="noopener noreferrer nofollow" target="_blank" data-wpel-link="exclude">investors</a>. Through his social media platform, he suggested that altcoins might experience a significant rise, drawing parallels to the rally observed from November 2023 to March 2024.</p>
<h2 id="bitcoin-s-role-in-upcoming-altcoin-rally">Bitcoin’s Role in Upcoming Altcoin Rally?</h2>
<p style="text-align: justify">Altcoin Sherpa anticipates that the next altcoin surge could commence in either December this year or January 2025. He attributes this potential rally to Bitcoin hitting an all-time high and subsequently cooling off, setting the stage for altcoins to gain momentum. “I think this rally could be triggered by Bitcoin reaching an all-time high. This could happen in December or January, and then altcoins could gain strength,” he stated.</p>
<p style="text-align: justify">Despite his positive forecast, Altcoin Sherpa cautioned that this rally might not be as extensive as past altcoin seasons. “A real altcoin season like January 2021 may not happen for years. However, altcoins will largely recover, with only a few standout exceptions,” he noted.</p>
<h2 id="which-altcoins-are-considered-safe">Which Altcoins Are Considered Safe?</h2>
<p style="text-align: justify">The analyst also highlighted specific altcoins he currently deems as offering “safe” trading opportunities. Among these are the decentralized finance (DeFi) protocol Aave (AAVE), <a href="https://en.bitcoinhaber.net/xrps-remarkable-comeback-despite-massive-whale-sales" data-wpel-link="internal" rel="noopener noreferrer nofollow">XRP</a>, and Layer-1 altcoins BNB (BNB) and Tron (TRX). He further mentioned several newer projects such as Network io.net (IO), BounceBit (BB), and Blast (BLAST), although he classified these as not very safe but potentially lucrative if Bitcoin remains strong.</p>
<h2 id="key-considerations-for-investors">Key Considerations for Investors</h2>
<p style="text-align: justify"><b>Investor Takeaways:</b></p>
<ul>
 <li>Monitor Bitcoin for potential all-time highs as it could initiate an altcoin rally.</li>
 <li>Consider altcoins like Aave, XRP, BNB, and Tron for relatively safer investments.</li>
 <li>Newer projects such as Network io.net, BounceBit, and Blast may offer high returns if Bitcoin maintains strength.</li>
 <li>High-risk memecoins like Popcat, dogwifhat, and Pepe might yield significant gains but come with increased risks.</li>
</ul>
<p style="text-align: justify">In conclusion, while Altcoin Sherpa painted a hopeful picture for altcoin enthusiasts, he advised caution, noting that the anticipated rally might not replicate previous altcoin seasons. Investors should carefully consider both established and emerging altcoins, weighing their potential rewards against the inherent risks.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/altcoin-sherpa-foresees-altcoin-surge" data-wpel-link="internal" rel="noopener noreferrer nofollow">Altcoin Sherpa Foresees Altcoin Surge</a></h5>

Altcoin Sherpa Foresees Altcoin Surge

Table of Contents

BH NEWS

Other articles published on Aug 22, 2024

New Solana Memecoin Trump’s Pussy (TRUMPPUS) Will Surge 17,000% Before Exchange Listing, While Do...

Is Bitcoin Price Going to Climb Higher to $65K?

Tomorrow is Critical: Standard Chartered Shares Latest Expectations Ahead of Powell’s Speech Tomo...

Former US President Donald Trump Used XRP Tipbot In 2019: Details

RFK Jr. Considers Backing Trump: A Mega Move for Bitcoin’s Future?

The Vision of RAIN: A Coin for Everyone

Join our free newsletter for daily crypto updates!