When we talk about a bull run, our minds often turn to altcoins because that's where we find high-potential candidates for the next 100x gains. In this article, I'm going to shed some light on the upcoming #Altseason and attempt to predict a few coins that could potentially be the next big performers.
Arrival Of Altseason.
Let's have a look at the Altseason Graph. As you can see, the trendline has bottomed out and found resistance six times in a row below the 20 level. It also attempted to cross the 22 level on June 9th but was resisted, as that level was a major resistance zone. I can now clearly see on the chart that the trendline is again attempting to pull back towards the 33 level, which it had already touched on May 10th of this year. Therefore, once the trendline breaks above the 25 level, it will likely also break the 33 level, creating higher lows or possible impulsive moves, causing all major altcoins to erupt and show significant gains.
Ethereum Supply Change Indicates Strong Altseason.
As many of us know, the #Ethereum Merge occurred nearly two and a half years ago. However, most aren't aware that Ethereum's transition from Proof of Work (PoW) to Proof of Stake (PoS) has significantly shrunk its supply compared to what it once was. Previously, Ethereum's circulating supply used to change by a staggering 3.388% per year, but now it increases by only 0.091% annually. Since the Merge, 2.27 million ETH was issued, of which 1.97 million was burned. If it had remained on PoW, the figures would have been inflationary. In a nutshell, Ethereum has become deflationary after the Merge because not much ETH is being added to the circulating supply. This might cause a sudden supply shock when demand increases, and the upcoming altcoin season could possibly be the best altcoin season we have ever witnessed.
Some High Potential Altcoins To lookafter.
Celestia : $TIA It is a modular Blockchain (Blockchains Broken Into specialized layers For Better Scalibility , Flexibility and Efficiency). In Simple Terms , Celestia is building the Foundational "data Layer" for the future of highly customizable & Scalable Blockchains.
Points That makes Celestia a unique Project :
1. Modular Design , 2. Consensus , 3. Data Availability Sampling (DAS) , 4. Scalable Rollups & App Chains , 5. Flexibility For Devs due to its data Availability & Fullstack Control.
Fractal Bitcoin : $FB
Fractal Bitcoin is an effective L2 ( Layer 2 ) scaling solution For Bitcoin the makes Bitcoin Transactions Smoother and faster Without Canging it's source Code. Hence FB is helping Bitcoin to scale even further by enabling merged POW mining for Existing Bitcoin Miners.It is also working towards creating Useful Dapps , Protocols etc that attributes towards building a stronger BTC Ecosystem.
Render Network : $RENDER
It Connects Institutions /Companies in need of GPU Compute Power (For 3D Rendering , Visual Effects , AI etc ) with Providers who Have Idle GPUs .As Demand For Digital Content & AI soars , Render Adoption Increases. It'sDecentralized , Scalable & Cost Effective utility is directly Tied To Massive & Growing Industry.
Peaq : $PEAQ
Peaq is a Layer -1 Blockchain that provides Solutions to The Machine Economy. It is designed to power Decentralized Physical Infrastructure networks (DEPINs) which consists of Billions Of Devices Worldwide that Run on DEPIN Infrastructure. It provides Fast and Cheap Transactions, modular Functions etc. to Developers Worldwide.
OriginTrail : $TRAC
Origin Trail is an Ecosystem That Builds Trusted Knowledge Infrastructure For Artificial Intelligence. It Builds Decentralized Knowledge Graph that ensures Data Availability and Traceability across Various Supply Chains.it helps to verify the accuracy of various scientific datasets leading to more trustworthy research.
Note: I am writing this article with over 10 years of combined experience in crypto/Forex trading and after observing many bullish/bearish cycles. Please share this article if it is informative and helpful in your decision-making process. Do Your Own Research Before Investing in Small and Midcaps as They are Highly Volatile in Nature.