Experienced cryptocurrency analyst Zero IKA recently addressed concerns about the current state of altcoins and the focus on memecoins through his X account. He emphasized that the current situation reflects historical patterns by comparing present market trends with past cycles. The anonymous host of the leading crypto YouTube channel 99Bitcoins shared three altcoins with a bullish outlook.
ETH/BTC Factor Will Be Decisive
During the 2020-21 bull run, the main narratives revolved around decentralized finance (DeFi), governance tokens, and oracles, while many altcoins struggled to attract attention. Zero IKA, despite his doubts about the potential for an altcoin season, noted that the ETH/BTC trading pair historically showed the strength of altcoins towards the end of market cycles.
Zero IKA referred to market behavior in 2017 and 2021, where altcoins like Komodo and TRX only surged at the end of the cycle following ETH/BTC’s parabolic move. He highlighted that this pattern is common for many altcoins that typically rise late in the cycle unless supported by a strong narrative. Furthermore, he added that institutional investors were active in previous cycles and their current holdings have not fundamentally changed market dynamics. According to Zero IKA, the current market conditions are developing as expected.
Analyst Shares 3 Altcoins
The anonymous host of the YouTube channel 99Bitcoins recently focused on three major altcoins with a bullish outlook, based on Zero IKA’s analysis. The first altcoin he pointed out was Not Coin, currently around $0.02. The analyst noted that Not Coin had an impressive performance, rising from $0.005 to $0.02 over the past month and holds a significant position in it. He believes Not Coin could reach a market cap of $10 billion and potentially increase fivefold by the end of the year, making it a solid choice during the Bitcoin season.
Additionally, the analyst highlighted Chuan Pu, often referred to as the Chinese Donald Trump, as the second altcoin due to its branding and marketing potential. Chuan Pu recently launched a new website and made plans for future developments. Despite some corrections, it recorded significant growth, increasing 15 times before stabilizing. The analyst sees Chuan Pu, with a low market cap of $6 million and a good liquidity score, as a potential candidate for a 3-5 times increase.
The analyst identified Turbo, an AI memecoin, as the third altcoin. He revealed that he invested $2,500 in Turbo, which has not yet shown strong performance but is expected to develop during an upcoming meme boom. The analyst considers Turbo, with a market cap of $317 million, as a long-term investment with significant potential for future gains.
