With the cryptocurrency market experiencing a growth and Bitcoin buying and selling above $50k, many buyers are eager for an altseason in 2024. As Bitcoin’s affect fades and different cryptocurrencies achieve reputation, there’s an opportunity that various cash may see a worth enhance.
Analyst Brian Jung predicts the key potential for numerous cryptocurrencies, suggesting that some may see features of 20x, 30x, 40x, and even 100x throughout this market cycle.
Jung discusses numerous narratives within the cryptocurrency market, beginning with gaming cash like Gala Video games, which he believes have potential resulting from their energetic growth and robust ideas. He mentions that he invested in Gala Video games over the last cycle and sees its development potential.
The analyst additionally discusses infrastructure tokens like Beam and Immutable X, which assist crypto-gaming tasks. He mentions that he beneficial Beam to his Discord group when it was at a penny, which has since doubled in worth.
Subsequent, Jung discusses AI-based tasks, corresponding to Render and Arkham Intelligence, which he sees as having vital potential resulting from their partnerships and strong group assist. He advises buyers to be cautious of tasks like ICP, which skilled vital losses resulting from VC manipulation.
Jung then explores the narrative of real-world property, mentioning VeChain as an early adopter on this house. He suggests trying into newer tasks like Rio, which he believes have vital development potential.
He additionally discusses the significance of interoperability tokens like Avalanche and Chainlink, which facilitate undertaking connections. Jung then discusses meme cash, their high-risk nature, and their potential for vital returns. He mentions Dogecoin’s rise to prominence and advises warning when investing in meme cash, suggesting promoting after earnings.
