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Bitcoin price has impressively increased, but the real significant gains are expected in altcoins, which are still calm. While BTC continues to fluctuate between $64,000 and $59,200, it’s challenging for altcoins to start their movements within this wide range. However, Brian suggests that this could start soon. So, which altcoins will ignite their rockets with the BTC rally?
Which Altcoins Will Rise?
Some altcoins have gained about 30% today, but the expected movement has not yet started. Everyone is eyeing which altcoins will begin the rally. Brian Kelly, CEO of hedge fund BKCM, provided an answer to this question in his latest appearance.
At the forefront of the altcoins that Brian Kelly might sell Bitcoin and Ethereum to buy is Solana. Its price, which has quickly surpassed $20 today, shows why the targets of $170 and $200 discussed for weeks are not impossible. Moreover, its ability to consistently outperform is significant.
Its solid technological foundation and practical applications make it more attractive to investors seeking growth beyond the market leaders. Kelly stated the following in his interview with CNBC;
“I’m actually moving from Bitcoin and Ethereum to Solana.”
Chainlink (LINK) and Polkadot (DOT)
Chainlink will provide reserve proof for the ARKB Bitcoin ETF, and the ETF issuer’s preference for Chainlink sends an important message. I have been talking about a significant movement coming to the LINK Coin side for months due to its pioneering role in the RWA space and partnerships like Swift. If this year the LINK Coin staking pool expands and we see more announcements regarding strategic partnerships, reaching an all-time high may not be impossible.
Brian Kelly also says that alongside Solana, it makes sense to transition to alternatives like LINK and DOT Coin. While the growth space for BTC and ETH may be limited, such lower market cap but promising altcoins could bring significant gains.
According to The Motley Fool, Polkadot’s focus on interoperability and its significant role in the Web3 infrastructure means its potential will be understood over time. Of course, the price of DOT, LINK, or SOL Coin could drop to zero at any point, even tomorrow. The Terra incident is a lesson that crypto investors should never forget, and the risk in crypto is always high.
