A legendary altcoin season is when cryptocurrencies outperform bitcoin and see their prices surge by as much as 100 times, he said. This event typically occurs once a year or once every three years. Adrian Zduńczyk is a technical crypto analyst who stares at price charts all day long. His main goal is to determine where a crypto’s price might go next. And right now, he has his eye on what he says is an upcoming “legendary” altcoin season.
a few weeks or months later. The idea is that investors take their bitcoin gains and throw them at altcoins that are more speculative and riskier but have the potential to rake in high returns.
Once bitcoin hits a peak price point, altcoins tend to enter a
Zduńczyk previously told Insider he expected bitcoin to hit $120,000 for only a few days in the fourth quarter before cratering by as much as 90%.
But Zduńczyk said that playing the altcoin season bore a significant risk of losing capital, no matter how promising some projects may seem. Therefore, he reminds investors that no returns are ever guaranteed and everyone should always do their own research.
He pumps out daily research and charts of his own to an audience of more than 337,000 followers on Twitter as @crypto_birb. He’s also the founder and CEO of the Birb Nest, a subscription-based trading community, and a cofounder of YellowBlock, a crypto-news and educational platform.
While there are several blockchain projects that have great use cases, Zduńczyk has his eye on five tokens that he believes have the highest potential to see gains anywhere between 10 to 100 times their current listed prices during the upcoming season, he said.
While he is bullish on these projects, he said that he kept these holdings below 15% of his overall crypto portfolio in the event of an unpredictable market crash.
Altcoins he’s betting on
Ferrum network (frm) is a decentralized-finance project that offers blockchain solutions that incubate startups.
Zduńczyk said his technical analysis suggested the token’s price was extremely undervalued based on its 200-day moving average price of $0.40.
As for its fundamentals, ferrum network is growing its ecosystem exponentially by deploying high-quality DeFi services backed by value-based marketing, Zduńczyk said. He added that it also knows its stakeholders’ needs very well and has insight into market trends.
Linear finance (lina) is a well-established project that says it’s working to democratize access to digital and traditional investment assets. The network helps save high gas fees associated with some blockchains because the token allows for composability, or seamless interaction, across different blockchains.
“I’m one of the loyal supporters since September 2020, knowing how talented, open-minded, and skilled their team has been,” Zduńczyk told Insider.
He said the token also offered a great variety of earning opportunities for those that hold the token through staking and other DeFi services. He added that lina is also hugely undervalued because it’s trending below its long-term 200-day moving average of $0.075.
Zduńczyk said that unlike frm and lina, which have already gone through a full market cycle, exrd/xrd is still at the early stages of accumulation, and he expects it to rally hard later this year.
Radix dlt (exrd/xrd) is a layer 1 DeFi protocol. It says it seeks to provide scalability, efficiency, and simplicity, as well as solve regulatory issues where ethereum and other blockchains fail.
He said he was bullish on this project because the platform has a very strong team of supporters, which includes people like Kamil Jarzombek, an early blockchain investor, and Do Kwon, a cofounder of terra.
Starterra (stt) is the first gamified launchpad. As the DeFi market matures, Zduńczyk believes there’s an increasing need for an attractive launchpad platform to kick off new startups, he said.
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- 5 Altcoins That Could Increase 10 To 100 Times In The ‘Legendary’ Season
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