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In the last month alone, the cryptocurrency market cap has climbed from $2.54T to approximately $3.36T, marking an admirable growth of 32.28%. Undoubtedly, the market is in the middle 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 all cryptos are less likely to benefit from this bullish season equally.
This raises the difficult question: What to choose and what not to choose? Crypto expert VirtualBacon shares insights on maximizing gains by focusing on innovative projects while avoiding overhyped ones.
Crypto Bull Run
Though the crypto expert anticipates massive growth in the crypto market in 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 highest points.
Don’t fumble the bag this crypto bull run!
Hundreds of altcoins will pump over the next few months, but which ones have the highest upside?
Which altcoins am I selling and what am I buying instead?
From Ethereum and Solana to newer gaming and AI plays, here’s how I’m…
— VirtualBacon
(@VirtualBacon0x) December 10, 2024
Emphasising the fact that historically altcoins outside the top 10 cryptocurrencies have outperformed BTC by at least 5x, the expert predicts that mid-cap cryptos could grow over 6x and low-cap cryptos could go up to as high as 10 to 20x in the current bull run.
Sticking close to his primary argument, he forecasts just a 2x rise for Bitcoin and a 3 to 4x surge for the other top ten cryptos, especially Ethereum and Solana.
Sell XRP and XLM?
The analyst highlights a dramatic 5x surge in XRP’s price, 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 narrative, the analyst believes XRP and similar tokens like Stellar have limited upside, as they are nearing all-time highs.
Instead, the analyst recommends Ethereum and Solana for their robust use cases and growth potential. They also highlight Algorand as an undervalued asset with 80% circulating supply, strong exchange support, and solid fundamentals, offering higher upside potential.
The expert warns investors to avoid a bunch of 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 denounces the Metaverse tokens for the lack of progress they have made so far, and gaming tokens for being outdated.
Top Cryptos to Consider
Though he does believe that the growth potential of the top ten cryptos are less compared to the rest in the coming months, he still advocates investing in Ethereum and Solana for their solid use cases. He also supports Algorand for being undervalued, Avalanche for its scalability, and Chainlink for being a leader in innovation in the DeFi ecosystem.
Although he criticises popular Metaverse tokens for their lack of progress, he claims that Wilder World stands out. Likewise, even though he expresses his dislike for established gaming tokens, he does think certain gaming tokens, like SuperVerse, XBorgm, SeedworldMeta, SuperChampsHQ, have immense potential.
Key Strategies for the Crypto Bull Run
The expert advices cryptocurrency investors to follow three basic strategies:
- Focus on innovative projects with strong fundamentals.
- Avoid overhyped coins and outdated models.
- Prioritise fairly launched tokens with active ecosystems.
In conclusion, the crypto bull run is an opportunity to maximise returns, but strategic positioning is crucial.
