XRP and three other Altcoins are stacked before the ‘New Altcoin Phase’
While Bitcoin is busy trying to reclaim the $60k level, attention is now turning to altcoins, which offer the potential for huge gains. Analyst Matthew Perry says each of the coins has its own story, as they represent established players and emerging contenders. Here are the details:
XRP: Currently at $0.57 with a market value of $32 billion, the coin occupies a large position in the market. As Ripple continues to grow with banks, both nationally and internationally, XRP may soon become the standard for financial transactions.
Litecoin (LTC): Dubbed the ‘Underrated OG', the coin has been around for a long time, often considered the silver to Bitcoin's gold. Litecoin has risen to $412 in 2021 but believes it has the potential to go higher, perhaps $1,000 or more.
Terra Luna Classic (LUNC): Despite its ups and downs, Terra Luna Classic is a coin that we believe still has a lot of potential. With recent improvements and a market cap of around $2 billion at one point, LUNC has shown that it can make significant moves, at least as expected. The coin has a history of surprising the market, and as we move into a new altcoin phase.
Kronos (CRO): Kronos, the native token of the Crypto.com ecosystem, is the ultimate choice. CRO has always been a key part of my portfolio due to its deep integration with the Crypto.com platform. With Crypto.com's continued growth and future potential burnout, see CRO rise to $2, $3, or even $4.
Summary:
Bitcoin broke above its previous all-time high in 2013, and it took 180 days (about six months) before the altcoin season truly began. During that time, Bitcoin continued to rise with no altcoin period in sight. The key takeaway here is that the 2017 altcoin season only lasted about two months. The best time to prepare for such a season is to buy before it starts, even if it seems to be the opposite.
