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Pentoshi, a renowned cryptocurrency analyst and trader known for foreseeing the end of the Bitcoin (BTC) uptrend in 2021, has revealed that he is closely monitoring the crypto sector he expects to perform exceptionally well in the next bull market. Furthermore, he offers a sobering analysis of the altcoin sector’s prospects.
“The Star of the Next Bull Market Will Be Crypto Gaming Industry Altcoins”
The anonymous crypto analyst expects blockchain-based crypto gaming altcoins to make significant strides during the next bullish run. Pentoshi’s thesis rests on the belief that blockchain-based crypto games could speed up the adoption of cryptocurrencies:
I have a feeling that blockchain-based crypto gaming altcoins will be the biggest gainers in the next bull run because they are something almost everyone from every culture can understand and digest. Even though most people pretend to grasp cryptocurrency projects, in reality, 99% don’t truly comprehend them.
Pentoshi also expressed his intention to invest millions of dollars in the crypto gaming sector.
Lowered Expectations on Altcoins
However, he lowered expectations for the altcoin market. Despite the sideways price action observed for months following the ruthless bear market of the past year, the prominent crypto analyst warned investors that this situation might persist for quite a while longer:
I couldn’t have illustrated this better, based on a bounce to a new low level and time-based horizontal price movement until capitulation. I believe we still have about a year for most altcoins as we’re moving around the peak levels of 2018, and most have given back almost all of their gains from the lows of 2022. As I’ve mentioned many times, I expect this year to be mainly a year of accumulation for altcoins, apart from isolated trends.
Pentoshi appears to be keeping a close watch on the TOTAL3 chart, which tracks the market value of cryptocurrencies excluding Bitcoin and Ethereum (ETH).
