45 days until the Altcoin season: how to prepare

With another altcoin season on the horizon, investors are on the lookout for the next big cryptocurrency.

With the growing number of different tokens, the market is ripe with opportunities for those looking to delve into blockchain technology and its myriad of applications.

45 days until the Altcoin phase

According to renowned analyst Rect Fenser, the season of altcoin may be just around the corner. This optimism suggests that now is the time to choose the right low-cap cryptocurrency, aiming for the elusive 100x returns that many dream of.

For this reason, it is important to understand the sequence of a typical bull run. Ran Nunner, a South African entrepreneur, explained that the altcoin season usually begins with a rise in the price of Bitcoin. This is followed by Ethereum and then high-capitalization cryptocurrencies such as Solana and Avalanche.

“[Bitcoin is] Attack the highest speed ever. Now, the reality is that the maximum has been violated all this time. [again]And it can be like today, it's like a gun goes off for altcoins, and the race begins,” Neuner said.

Neuner suggested that altcoins could hit new highs in 70 days as Bitcoin surpassed its previous all-time high. After 22 days following Bitcoin's peak, altcoins usually undergo a correction period.

Read more: Which are the best Altcoins to invest in April 2024?

The crypto market is currently 14 days into this correction process, and the market is starting to recover. This pattern suggests that if the cycle continues historically, the season for altcoins could begin in 45 days.

“To see how far [altcoins] Now they have to go between and always hit, which means altcoins have to increase by 50%. Do you understand how violent a 50% move in the next 45 days will be? It's face melting,” Nunner emphasized.

Meanwhile, Rect Fencer highlighted that low capital coins and meme coins can be more profitable, despite the high risk. Gains of 2x to 10x are common, especially in the early stages of the altcoin era.

Visible cryptocurrencies

To navigate the altcoin season, investors are advised to build a diverse crypto portfolio, follow their investment narratives, and practice patience.

Rekt Fencer shared a list of six radar-altcoins with significant potential. Leading the pack is the Polyhedra Network (ZK), a project focused on Web3 interoperability, scalability and privacy in zero-knowledge authentication technology. With a market cap of $286.3 million and a price of $3.14, Polyhedra offers an interesting entry point.

Not to be missed, the awesome meme coin Wolf Wif Ballz (BALLZ) continues to make its way through the Solana ecosystem. With its combination of fun and investment potential, BALLZ, which traded for $0.05 and boasts a market cap of $50.2 million, reflects the unpredictable nature of meme coins.

PORTAL emerges in the GameFi space, providing a cross-chain gaming ecosystem that connects different blockchain networks. Coupled with the awards, PORTAL, at $2.07 million and a market value of $306.6 million, is creating a new narrative for gamers.

Read more: 11 Best Altcoin Exchanges for Crypto Trading in March 2024

Meanwhile, the Boson Protocol (BOSON) enables the tokenization, transfer and trading of physical commodities such as NFTs. BOSON, at $0.68 with a market value of $83.1 million, aims to change the perception of value and ownership in the digital age.

Finally, the artificial intelligence market in crypto is led by pioneers such as VoluMint (VMINT) and Monai (MONAI). These projects use AI to improve transaction activity and integrate LLMs with blockchain protocols.

In preparation for the upcoming altcoin season, investors should conduct thorough research, diversify their portfolios, and be aware of the risks associated with cryptocurrency investments. With the right strategy and a little patience, the next few months can be transformative for the savvy crypto investor.