A crypto strategist who has seen the end of Bitcoin’s (BTC) bull market in 2021 thinks a huge rebound for the altcoin market is just beginning.
Pseudonymous analyst Pentoshi tells his 755,100 followers on the social media platform
According to the crypto analyst, he sees the total market capitalization of all altcoins (TOTAL3) quickly rising by more than 264% from the current level of approximately $548 billion.
‘Yes, we haven’t seen anything yet. We could see this potential when it’s all said and done. This cycle reached a few trillion [dollars]. We’re not even close to new highs yet. But we see the winners of this cycle, who in theory should have much more advantages.”
The analyst highlights that the recent bullish moves in the crypto markets are mainly focused on Bitcoin and that a real altcoin season has yet to materialize.
“Brothers, you realize that if you look at the total alt market cap, we haven’t even had the alt season of this cycle yet and the top performers will continue to be the top performers.”
Speaking of top performers, Pentoshi mentions two crypto subsectors that he mentions thinks will outperform the rest of the market.
“AI (artificial intelligence) + gaming. The simple statement that people love and are passionate about continues to do well.”
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Generated image: Midjourney