In the past month alone, the cryptocurrency market capitalization has increased from $2.54 trillion to approximately $3.36 trillion, representing an admirable growth of 32.28%. There is no doubt that the market is in the midst of a bull run.
Several cryptos, including Bitcoin (with a 30-day growth of 22.2%) and Ethrerum (15.7%), have benefited from the positive crypto market scenario. It is important to note that it is less likely that all cryptos will benefit equally from this bullish season.
This raises the difficult question: What to choose and what not to choose? Crypto expert VirtualBacon shares insights on maximizing profits by focusing on innovative projects while avoiding overhyped projects.
Crypto bull run
While the crypto expert expects massive growth in the crypto market over the next 6 to 12 months, he acknowledges the possibility that not all coins will see massive growth in this cryptocurrency bull run, highlighting that some cryptos have already reached their all-time highs .
The expert highlights the fact that historically, altcoins outside the top 10 cryptocurrencies have outperformed BTC by at least 5x, and predicts that mid-cap cryptos could grow more than 6x and low-cap cryptos could rise as much as 10 to 20x in the current bull market . walk.
He sticks close to his primary argument, predicting a rise of only 2x for Bitcoin and a rise of 3 to 4x for the other top ten cryptos, especially Ethereum and Solana.
Sell XRP and XLM?
The analyst highlights a dramatic increase in the price of XRP by a factor of five, rising from $0.50 to $2.50 in just a month. They attribute this growth to retail FOMO and a spike in search interest – common indicators of late-stage hype. Despite the compelling ISO 20022 story, the analyst believes that XRP and similar tokens like Stellar have limited upside as they approach all-time highs.
Instead, the analyst recommends Ethereum and Solana for their robust use cases and growth potential. They also highlight that Algorand is an undervalued asset with a circulating supply of 80%, strong exchange rate support and solid fundamentals, offering higher upside potential.
The expert warns investors to avoid some risky cryptos. This includes XRP, SUI, Bitcoin Cash, Litecoin, Ethereum Classic, SAND, MANA, AXS, ENJ and GALA. His argument against XRP and SUI is that they are overvalued and overhyped. Meanwhile, he berates the Metaverse tokens for the lack of progress they have made so far, and the gaming tokens for being outdated.
Top cryptos to consider
While he believes the growth potential of the top ten cryptos will be smaller than the rest in the coming months, he still advocates investing in Ethereum and Solana due to their solid use cases. He also backs Algorand for being undervalued, Avalanche for its scalability, and Chainlink for being a leader in innovation in the DeFi ecosystem.
While he criticizes popular Metaverse tokens for their lack of progress, he claims that Wilder World stands out. Even though he expresses his distaste for established gaming tokens, he does think that certain gaming tokens, such as SuperVerse, XBorgm, SeedworldMeta and SuperChampsHQ, have enormous potential.
Key Strategies for the Crypto Bull Run
The expert advises cryptocurrency investors to follow three basic strategies:
- Focus on innovative projects with strong foundations.
- Avoid overhyped coins and outdated models.
- Prioritize fairly launched tokens with active ecosystems.
In short, the crypto bull run is an opportunity to maximize returns, but strategic positioning is crucial.