Expert Picks 5 Altcoins To Watch, Declaring Arrival Of The Altseason After Three Years

Altcoins

As the cryptocurrency market emerges from a prolonged seven-month consolidation phase, following a parabolic uptrend for Bitcoin and various altcoins in the first quarter of 2024, crypto analyst OxNobler has boldly declared that today marks the start of the next significant altseason.

Analyst Predicts Major Price Movements Ahead For Altcoins

In a recent post on the social media platform X (formerly Twitter), OxNobler shared insights on the Altcoin Indicator, which has just gone parabolic for the first time in three years. 

The analyst emphasized the cyclical nature of market phases, driven by capital inflows that shift from Bitcoin into larger-cap tokens before eventually reaching lower-cap altcoins, suggesting a growing liquidity movement that could fuel significant price surges across the altcoin landscape.

Identifying key catalysts for the upcoming liquidity inflows, OxNobler pointed to several factors: the upcoming US election, where both candidates express support for Bitcoin, anticipated Federal Reserve rate cuts, the potential lifting of the cryptocurrency ban in China, and the expected payout of $16 billion from FTX in Q4 2024 to Q1 2025. 

By analyzing historical price movements and market cycles, OxNobler believes traders can position themselves for substantial gains in the months ahead. OxNobler has highlighted several altcoins that he believes are primed for growth in this new market phase.

 Key Players In Upcoming Market Shift

The daily chart shows SUI’s price uptrend recorded over the past months. Source: SUIUSDT on TradingView.com

Featured image from DALL-E, chart from TradingView.com 

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