The post Three Plus Three for the Win: Six Altcoins to Stack and Why They Could Soar appeared first on Coinpedia Fintech News
The crypto flash crash happened just over a week ago. Interestingly, retail investors like us were slow to react, while professional traders quickly took advantage of the dip. This raised questions about why retail investors hesitated—was it due to fear, concern, or simply not having a plan in place?
On Black Monday, it seems the crash was driven by leveraged-based liquidations, targeting short-term traders. Despite the sharp drop, the crypto markets rebounded quickly. The big question now is: where do we go from here? Analyst Altcoin Buzz listed coins and for low-risk investment picks in the next 90 days, the analyst advised to consider these options:
Bitcoin: With speculation that other countries might follow El Salvador in adopting Bitcoin, demand could rise. Additionally, during recent market dips, institutional investors were active, while retail investors were not. This trend suggests Bitcoin could benefit from increased global liquidity.
Super (SuperRare): The announcement of a new fund by Grayscale could boost its profile. While it has a low circulating supply (only 25% of the total), which could be a concern, it remains a strong pick.
Akash Network (AKT): Despite a tough few months and a significant price drop, Akash Network remains a solid project. Its fundamentals haven’t changed, making it a potential buying opportunity at a discounted price.
Host of the channel Discover Crypto also gave a list of altcoins to keep an eye on for massive gains.
Avalanche (AVAX): Avalanche is receiving backing from major players, including Galaxy Digital’s $26 million fund. This institutional interest shows the strong belief in Avalanche’s technology and its potential for growth. Avalanche’s current market cap is lower than some of its peers, but with a target of reaching $80 billion this cycle, there is room for gains.
Polkadot (DOT): Polkadot has been praised for its innovative technology and scalability solutions. Additionally, Polkadot’s price is currently quite low compared to its all-time high, showing a potential buying opportunity. With a current market cap much lower than its potential, Polkadot could see a rise to a $40 billion to $80 billion market cap this cycle. This would imply a price target of around $27 per DOT.
Solana (SOL): Solana has been making waves with its fast transactions and low fees, and recent developments suggest that it could reach new heights. Currently, Solana has a market cap of around $68 billion. Considering its performance, a market cap of $200 billion is feasible within this cycle. At its current price of $141, this would mean a price of approximately $429 per SOL.