A Guide to Altcoin Trading in the Next Bull Run
K33 Research, a renowned research firm, has shared its altcoin trading playbook, offering valuable insights for navigating the upcoming cryptocurrency bull run. According to the firm, new altcoins tend to outperform older ones due to factors like narratives and liquidity.
Outperformance of New Coins
K33 Research highlighted the performance of “Ethereum killers” during the previous bull market, demonstrating that newer coins like Solana (SOL) and Avalanche (AVAX) delivered better returns than established altcoins.
Challenges Faced by Old Altcoins
The research firm identified several challenges faced by old altcoins in returning to their former glory. These include a large number of holders at a loss, increasing circulating supply due to token unlocks, and outdated narratives that no longer appeal to investors.
Investment Considerations for New Altcoins
While new altcoins have advantages over old ones, K33 Research advises investors to consider certain factors before investing. These include rapid growth in the number of holders, indicating high adoption rates, and avoiding altcoins with low float and high fully dilated value (FDV).
Ethereum Price Update
As of now, Ethereum is trading at approximately $1,600, with a 3% increase over the past week.
Hot Take: Altcoin Trading Strategies for Success
To succeed in altcoin trading during the next bull run, it is crucial to focus on new coins rather than old ones. Newer altcoins tend to outperform established ones due to their narratives and liquidity. However, not all new coins are good investments. Look for rapidly growing holder numbers and avoid altcoins with low float and high FDV. By following these strategies, you can navigate the altcoin market effectively and maximize your returns.
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