Top Analyst Predicts Massive Rise in Altcoin Market Cap, Names His Two Favorite Crypto Subsectors
A crypto strategist who nailed the top of Bitcoin’s (BTC) 2021 bull market thinks that an enormous upswing for the altcoin market is simply getting began.
Pseudonymous analyst Pentoshi tells his 755,100 followers on the social media platform X that he’s maintaining an in depth watch on the TOTAL3 chart, which tracks the market cap of all digital belongings excluding Bitcoin, Ethereum (ETH) and stablecoins.
In response to the crypto analyst, he sees the overall market cap of all altcoins (TOTAL3) meteorically rising over 264% from its present stage of about $548 billion.
“Yeah, we haven’t seen something but. We may see this doubtlessly when it’s all mentioned and performed this cycle hit a pair trillion [dollars]. We aren’t even near new highs but. However we’re seeing the winners of this cycle, which ought to in concept have much more upside.”
The analyst highlights that the latest bullish strikes within the crypto markets have largely been targeted on Bitcoin and a real altcoin season has but to manifest.
“Bros, you understand that if you happen to have a look at the overall alt market cap we haven’t even had this cycle’s alt season and one of the best performers will stay one of the best performers.”
Talking of greatest performers, Pentoshi names two crypto subsectors that he thinks will outpace the remainder of the market.
“AI (synthetic intelligence) + gaming. Straightforward thesis that folks love and are keen about continues to do properly.”
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