Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn
Crypto Expert Predicts Explosive Rallies for Bitcoin, Meme Coins, and Select Altcoins

Crypto Expert Predicts Explosive Rallies for Bitcoin, Meme Coins, and Select Altcoins

CryptodnesCryptodnes2024/11/07 23:11
By:Cryptodnes

A well-known crypto analyst predicts that three categories of digital assets are positioned to experience significant rallies in the current market cycle.

In a recent video, the InvestAnswers host stated that Bitcoin (BTC) , meme coins, and certain promising altcoins are likely to see substantial gains. He emphasized that these groups have the best potential for explosive growth in the coming months.

However, the analyst also cautioned that many other cryptocurrencies may fail to recover and could fade into obscurity.

He noted that if a digital asset is still more than 60% off its all-time high midway through the bull market, it is unlikely to reach those levels again.

READ MORE:
Avalanche Buys Back $52M in AVAX, Ends Ties with Terra

He advised investors to cut losses on underperforming assets, as the majority of them are unlikely to rebound.

The expert further emphasized that while there could be a rare outlier, the overwhelming majority of coins that are significantly down will likely never recover.

<span data-mce-type="bookmark" style="display: inline-block; width: 0px; overflow: hidden; line-height: 0;" class="mce_SELRES_start"></span>

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

241128: Bitcoin Pumps Above $97K, Then Dumps, as Ether, XRP Surge 7%

Bitcoin zoomed above $97,000, bringing hopes of breaching the landmark $100,000 level on social media, before paring gains to nearly $95,500 in Asian morning hours on Thursday. BTC added 3.3% in the past 24 hours, data shows, ahead of a Thanksgiving weekend that has historically recorded sudden pri

Bitget Academy2024/11/28 06:09

Attention is value, and AI Agents will continuously attract users and capital

To truly grow, AI entities cannot be limited to promoting meme coins.

Chaincatcher2024/11/28 05:00

Flash Thursday: Buy crypto with a credit/debit card for zero fees

Every Thursday, enjoy zero fees when using your local fiat currency with a credit or debit card ( Visa, Mastercard, Google Pay Apple Pay)! Buy Crypto Promotion period: Every Thursday 8:00 PM – Friday 8:00 PM (UTC+8) Promotion rules Sign up for a Bitget account or log in to your existing account. Na

Bitget Announcement2024/11/28 04:10