Psycho

Rally

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 A widely followed crypto strategist believes that alt<a rel="noopener noreferrer nofollow" title="coins" href="https://thebittimes.com/tag/coins.html">coins</a> are gearing up for a rally with a magnitude never seen before in the current market cycle.
 Pseudonymous analyst Altcoin Psycho tells his 493,700 followers on the social media platform X that alt<a rel="noopener noreferrer nofollow" title="coins" href="https://thebittimes.com/tag/coins.html">coins</a> historically witness big bursts to the upside during a bull market’s second inning.
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 According to the analyst, traders who made gains on Bitcoin (BTC) and meme tokens will likely rotate their capital and trigger another round of rallies for the altcoin market.
 “If you think this market is fun, just wait until meme<a rel="noopener noreferrer nofollow" title="coins" href="https://thebittimes.com/tag/coins.html">coins</a> and BTC liquidity rotate back into quality alt<a rel="noopener noreferrer nofollow" title="coins" href="https://thebittimes.com/tag/coins.html">coins</a>. The best gains of a cycle tend to happen in the 2nd leg up.
 Don’t get me wrong, I think meme<a rel="noopener noreferrer nofollow" title="coins" href="https://thebittimes.com/tag/coins.html">coins</a> go higher and I’ve been enjoying finally not losing money on them but as someone who’s been in crypto since 2014, I can tell you from past experience the 2nd leg up is by far the craziest (in a good way).”&nbsp;
 Specifically, Altcoin Psycho is keeping a close watch on alt<a rel="noopener noreferrer nofollow" title="coins" href="https://thebittimes.com/tag/coins.html">coins</a> with no more tokens to unlock, suggesting that heavy selling pressure is not in sight for these <a rel="noopener noreferrer nofollow" title="coins" href="https://thebittimes.com/tag/coins.html">coins</a> as total supply is out in circulation.
 “Look for previous cycle tokens that are fully unlocked and haven’t run yet. The ones with strong weekly candle closes today are next up to run.”&nbsp;
 One fully vested altcoin on trader’s radar is the native asset of the non-fungible token (NFT) marketplace LooksRare (LOOKS).
 “–&gt; NFTs picking up steam again –&gt; former 2nd largest NFT marketplace –&gt; 100% unlocked ——–&gt;bottom?”&nbsp;
 <figure style="width: 100%" class="wp-caption aligncenter"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/GHm7dMjXAAAYKxw?format=jpg&amp;name=4096x4096" alt="Image" width="2162" height="1540">
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 Source: Altcoin Psycho/X
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 At time of writing, LOOKS is trading at $0.124.
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Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/analyst-predicts-craziest-leg-up-for-altcoins-says-one-class-of-crypto-assets-is-next-to-rally-tbt81632.html">https://thebittimes.com/analyst-predicts-craziest-leg-up-for-altcoins-says-one-class-of-crypto-assets-is-next-to-rally-tbt81632.html</a>

Analyst Predicts ‘Craziest’ Leg Up for Altcoins, Says One Class of Crypto Assets Is Next To Rally

TheBitTimes

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