A Crypto Analyst Believes It’s Time for 100x Altcoin Positions
A popular crypto trader named Jason Pizzino suggests that the altcoin market is on the verge of reaching a bottom and is just a few months away from experiencing a significant upward move. Pizzino, who has a YouTube channel with over 310,000 subscribers, points out that the total altcoin market cap has successfully turned a crucial resistance level into support. This support level may hold until a bull run commences later this year.
However, Pizzino does caution that there might be a slight dip from the current level in the near future. He believes that this dip won’t be as severe as what was experienced in the previous market cycle. Therefore, he suggests that now is the opportune time for investors to consider investing in altcoins with the potential for 20x, 50x, or even 100x returns.
Pizzino’s analysis is based on the TOTAL3 chart, which tracks the total market cap of digital assets excluding Bitcoin (BTC), Ethereum (ETH), and stablecoins. According to his chart, TOTAL3 is likely to revisit the support level around $270 billion before initiating its next significant upward movement.
Furthermore, Pizzino predicts that the total market cap for altcoins may surge for approximately 12 months starting in November 2024, coinciding with a US presidential election. This pattern is similar to what occurred during the 2020 cycle. He suggests that the peak of this bull market could be around 2025 to early 2026.
Currently, TOTAL3 stands at $479.47 billion.
Hot Take: Altcoin Market Set for a Major Surge
Crypto analyst Jason Pizzino believes that the altcoin market is on the verge of a significant move to the upside. He points out that the altcoin market cap has found support and suggests that now is the time to consider investing in altcoins with the potential for massive returns. Pizzino’s analysis indicates that there may be a slight dip in the near future, but it won’t be as severe as previous cycles. He also predicts that the altcoin market may experience a surge in value for about 12 months beginning in November 2024, similar to what happened during the 2020 cycle. Overall, Pizzino’s outlook indicates an optimistic future for altcoins.