Tuesday, December 10, 2024

Proof Altcoin Season Is Here

Total Wealth

BROUGHT TO YOU BY MANWARD PRESS

Proof Altcoin Season Is Here

Robert Ross

Robert Ross
Speculative Assets Specialist

"Do you own $BONK? If not, you should."

This was a text I got from my cousin last week. He usually only texts me about this stuff when we are in the throes of a bull market.

From a sentiment standpoint, I don't love it. He "got into crypto" near the top of last cycle.

However, my analysis shows we are on the cusp of a new "alt season."

And that means you need to be holding high-quality altcoins in your portfolio.

Lucky for you, I have a few on my radar.

SPONSORED

Shah Gilani's FREE Ticker for December: GLD

Did you know GLD has averaged a nearly 50% gain every December since 2019?

Today, Manward Chief Investment Strategist Shah Gilani is revealing "undefeated stocks" like this for every month of the year.

But hurry - December's special play goes live on December 1.

 

Alt Season Is Here

Crypto has been rallying hard lately.

And it's not just Bitcoin hitting $100,000... the altcoin market has been on a tear, with large altcoins like Ripple (XRP) adding $100 billion in market cap in the last month.

Ripple

View larger image

I've seen the show before. And everything points to this being the start of a new alt season. This is when altcoins - or any cryptocurrencies other than Bitcoin - start to outperform Bitcoin.

Here's why...

Bitcoin dominance, which measures BTC's market share relative to the rest of the crypto market, is at its highest level since February 2021.

Bitcoin market cap dominance

View larger image

Historically, when Bitcoin dominance peaks, it signals a shift in capital flows. Investors who've ridden Bitcoin's meteoric rally start reallocating their gains into higher-risk, higher-reward altcoins. This creates a "ripple effect" (pun intended) across the market, with smaller-cap tokens rallying hard as they play catch-up.

But you don't want to buy just any altcoin… you need to have a framework.

SPONSORED

"Second Trump Stockwave Imminent"

Trump Tower Clock
Source: Wikimedia Commons

Manward Press Chief Investment Strategist And Star Fox Business Contributor predicts massive gains ahead.

Learn how some stocks could skyrocket 1,000%+ or more when Trump returns... Just like they did during his first term.

See the shocking forecast now that could make Americans rich.

 

A Winning Altcoin Setup

Focus on altcoins that fit the following criteria...

  • Hot Narratives: AI, quantum computing, DeSci, and other tokens often pump due to speculative hype, regardless of fundamentals
  • New Merchandise: Altcoins that are new to retail will pump more than altcoins retail is familiar with from previous cycles
  • Strong Technicals: Altcoins that have rallied hard post-election and have held their gains

Which altcoins rally have far less to do with underlying fundamentals than these three factors. And as any Manward Money Report reader will tell you, this framework has made us a lot of money this cycle.

For instance, back in February, I recommended the altcoin Algorand (ALGO) at $0.17 per token. While it was dead money for a few months, our patience has paid off. This altcoin is now trading as high as $0.56...

Algorand

View larger image

There's a lot to like about Algorand for alt season. The project taps into both the AI and quantum computing narratives, as the team behind Algorand is heavily focused on building blockchain technology that integrates with cutting-edge applications.

Additionally, its technical setup in February showed resilience, with steady accumulation and no major breakdowns even during market-wide volatility. This signaled strong hands were holding the token.

While Algorand has already delivered a 229% return for us, the same framework applies to spotting the next big winners this alt season.

One that's rallied hard - but looks poised to rally even more - is one we've talked about here before: Chainlink (LINK).

Chainlink has been a standout performer this cycle, rallying 121% in the last month alone.

Chainlink

View larger image

While many altcoins are driven purely by hype, Chainlink combines a strong narrative with solid fundamentals, making it one of the most compelling plays this alt season.

The blockchain is the leader in "oracles," a technology that connects smart contracts with real-world data. As a result, Chainlink is at the center of many high-growth sectors. It's perfectly positioned within the AI and DeFi ecosystems with the rise of smart contract adoption and real-world applications for blockchain technology.

Last on my list is Solana (SOL). While it's "only" up 35% in the last month, it's up 252% in the last year. Considering subscribers bought it for $201, they're thrilled.

But this one could go much higher during alt season. Solana fits into some of the hottest narratives this cycle - AI, decentralized apps, and scaling solutions for mass adoption.

These narratives are powerful drivers of speculative interest during alt season, and Solana is perfectly positioned to capitalize on them.

SPONSORED

Trump's "Document 20" Revealed:
Smart Americans Could Get Rich

Trump's 'Document 20'
 

Details on a special dossier written by President Trump himself have just been revealed.

One top investment expert expects this explosive document could soon send the market into a Second Trump Stockwave.

The last time this happened, stocks surged as high as 3,480% in 4 years.

See if stocks could soar as much as 1,000%+ if history repeats itself.

 

Time to Position for Alt Season

Timing is everything. Alt season doesn't last forever, but when it's here, the potential for outsized gains is unparalleled.

The recent rally in Bitcoin and the shifting dynamics of Bitcoin dominance suggest that the window for altcoin outperformance is opening right now.

We've already seen it begin. From Algorand's 229% rally to Chainlink's 121% surge and Solana's 52% return in the past year... these tokens are proof that a disciplined approach pays off.

As the next phase of the crypto bull market unfolds, the opportunity for life-changing gains is right in front of us.

Just remember to stay disciplined, focus on high-conviction plays, and avoid chasing hype without substance.

Stay safe out there,

Robert

IN THE NEWS

 

This top bitcoin- and stock-trading pro says you're not bullish enough

Market Watch

Robert Ross: "If a stock is not going up in a bull market like this, it's not something I want to own."

Click here to continue reading.

Want more content like this?

YES
NO
 

No comments:

Post a Comment

Bicam committee keeps slashed budget for VP Sara

No go, no way: In the end, the bicameral conference committee backed the House move to trim VP Sara Duterte's office budget next year by...