Many investors who bought altcoins during the previous bull market are now grappling with losses. Amid these losses, investors are wondering whether the market can recover. Chief among these factors is the lack of an altcoin season. Since the FTX crash, only a handful of cryptocurrencies have managed to surpass their previous highs against Bitcoin, signaling a stagnant market environment. However, one analyst shared the tokens that should be in a well-planned portfolio. The analyst estimates that they can generate returns of up to 45 times.
A strategy for choosing altcoins aimed at reaching the goal!
As you have been following on Kriptokoin.com, Bitcoin dominance, an important measure of the health of the altcoin market, has remained stable between 51% and 56% over the past six months. This is in stark contrast to previous bull cycles where dominance has dropped significantly, indicating a lack of momentum in the broader altcoin market.
Amid these uncertain times, cryptocurrency analyst No Bs Crypto discussed his strategy for picking altcoins aiming to reach a $10 million target in his latest video. He explained that he starts with a well-planned portfolio size rather than splitting capital in smaller amounts. Key factors included strong narratives, diversification across market caps, and the potential for significant returns.
7 coins with high potential from a risk-reward perspective
In terms of risk, the analyst presents a table that categorizes cryptocurrencies by risk and reward potential based on coefficients and market capitalization. He groups coins into low-risk, medium-reward categories and high-risk, high-reward categories. As a result, the analyst shares the following list:
- Wormhole (W): Has shown strength despite a recent downtrend, has the potential for 15x returns and focuses on interoperability.
- Internet Computer (ICP): Considered high risk but potentially high return. Expected to perform well and possibly exceed 15x returns.
- Beam (BEAM): Notable as a gaming-related altcoin that is expected to perform well and possibly generate returns of up to 35x.
- Flux Network (FLUX): An altcoin notable for its potential performance, expected to exceed 25x returns under favorable conditions.
- Goldfinch (GFI): It stands out especially with its 25x return price target.
- Pyth Network (PYTH): Categorized in the yellow risk category due to its market capitalization. It is expected to potentially reach higher multiples.
- Spectral (Spectral): Defined as micro-cap with a 45x return expectation. Selected for its unique market positioning.
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