Satoshi

Solana

Arweave

Time

Coin

<p>Top analyst Prithvir (@Prithvir12) <a href="https://x.com/Prithvir12/status/1792108103825244270" target="_blank" rel="nofollow">has offered a timely analysis</a>, suggesting now could be an opportune moment to invest in altcoins. He presents a compelling argument supported by market data and expert insights, highlighting specific altcoins like Arweave ($AR), Solana ($SOL), ONDO, and PEPE as potential high-reward investments.</p> 
<h2 class="wp-block-heading" id="strong-analysis-of-the-altcoin-market-strong"><strong>Analysis of the Altcoin Market</strong></h2> 
<p>Prithvir begins by examining the broader altcoin market through the lens of TOTAL3, the market cap of the top 125 coins. While the chart suggests a healthy consolidation, a comparison with Bitcoin’s market cap reveals a stark underperformance of altcoins since November 2022. This underperformance spans one and a half years, attributed to several key factors.</p> 
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 <img loading="lazy" decoding="async" width="1024" height="542" src="https://captainaltcoin.com/wp-content/uploads/2024/05/image-546-1024x542.png" alt="" class="wp-image-493068" srcset="https://captainaltcoin.com/wp-content/uploads/2024/05/image-546-1024x542.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-546-300x159.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-546-767x406.png 767w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-546-1536x813.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-546-2048x1084.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-546-283x150.png 283w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-546-100x53.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-546-661x350.png 661w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-546-788x416.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-546.png 1200w" sizes="(max-width: 1024px) 100vw, 1024px">
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<p>Firstly, the Bitcoin rally was primarily driven by ETFs, attracting investors who typically do not venture into altcoins. Additionally, the market has flooded with an excess supply of newly launched tokens, fragmenting attention and liquidity. This fragmentation has been further exacerbated by the rise of <a class="wpil_keyword_link" href="https://captainaltcoin.com/meme-coins/" title="memecoins" data-wpil-keyword-link="linked" target="_blank">memecoins</a>, drawing speculative interest away from more substantial projects.</p> 
<h2 class="wp-block-heading" id="strong-why-now-might-be-a-good-time-to-buy-alts-strong"><strong>Why Now Might Be a Good Time to Buy Alts</strong></h2> 
<p>Despite the recent underperformance, Prithvir sees potential in the current market conditions. He notes that altcoins appear heavily oversold, with sentiment around Ethereum (ETH) particularly negative on Crypto Twitter (CT). The spotlight on memecoins indicates a lack of strong narratives, potentially signaling a market bottom.</p> 
<p>Prithvir references @CryptoKoryo’s dashboard, which offers a high signal for altcoin buying. According to the dashboard, the alt buy signal is at its lowest level ever, suggesting a unique buying opportunity. Historical data supports this, as the last low signal in September 2023 preceded a significant altcoin rally.</p> 
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 <img loading="lazy" decoding="async" width="1024" height="461" src="https://captainaltcoin.com/wp-content/uploads/2024/05/image-547-1024x461.png" alt="" class="wp-image-493076" srcset="https://captainaltcoin.com/wp-content/uploads/2024/05/image-547-1024x461.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-547-300x135.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-547-767x345.png 767w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-547-1536x691.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-547-2048x922.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-547-333x150.png 333w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-547-100x45.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-547-778x350.png 778w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-547-788x354.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-547.png 1200w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure> 
<h2 class="wp-block-heading" id="strong-how-to-choose-altcoins-strong"><strong>How to Choose Altcoins</strong></h2> 
<p>Prithvir emphasizes that not all altcoins are equal, advising investors to select coins based on specific criteria. He suggests focusing on coins that are fairly launched and either fully diluted or close to it. Sustainable emissions that contribute to the protocol’s flywheel are also crucial. Additionally, the chosen coins should align with a compelling narrative that can attract retail investors.</p>  
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<p><strong><em>Read also</em></strong>: <em><strong><a href="https://captainaltcoin.com/ripple-community-shows-commitment-to-xrp-amid-depressing-price-action-and-long-term-holder-dumps/" target="_blank">Ripple Community Shows Commitment to XRP Amid Depressing Price Action and Long-Term Holder Dumps</a></strong></em></p> 
<h2 class="wp-block-heading" id="strong-what-smart-money-is-buying-strong"><strong>What Smart Money is Buying</strong></h2> 
<p>Highlighting current trends, Prithvir identifies several altcoins favored by smart money:</p> 
<ul> 
 <li><strong>Arweave (AR):</strong> A fully diluted coin with a strong focus on <a class="wpil_keyword_link" href="https://captainaltcoin.com/best-ai-crypto-projects/" title="AI" data-wpil-keyword-link="linked" target="_blank">AI</a> and an impressive team. Recent announcements have bolstered its appeal.</li> 
 <li><strong>PEPE</strong>: Dubbed the “Doge of this cycle,” this memecoin has garnered attention due to its price trajectory.</li> 
 <li><strong>Solana (SOL):</strong> Emerging as the chosen chain of this cycle, Solana recently surpassed Ethereum in terms of economic value created.</li> 
 <li><strong>ONDO:</strong> A top Real-World Asset (RWA) play with no major unlocks until January 2025.</li> 
</ul> 
<p>Prithvir’s insights offer a strategic perspective on the altcoin market, suggesting that current conditions may provide a valuable entry point for discerning investors. By focusing on well-chosen altcoins, investors could potentially capitalize on market trends and sentiment shifts.</p> 
<p><em><strong>Hunting for a small cap coin that could explode 10x? We’ve unveiled a few last week alone.<br>Get all our future calls by joining our&nbsp;<a href="https://t.me/captainaltcoincom" target="_blank" rel="noreferrer noopener nofollow">FREE Telegram community.</a></strong></em></p> 
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<p>The post <a href="https://captainaltcoin.com/is-now-a-good-time-to-buy-altcoins-why-this-analyst-is-bullish-on-alts-arweave-ar-solana-sol-ondo-and-pepe-in-focus/">Is Now a Good Time to Buy Altcoins? Why Analyst is Bullish on Alts: Arweave ($AR), Solana ($SOL), ONDO and PEPE in Focus</a> appeared first on <a href="https://captainaltcoin.com">CaptainAltcoin</a>.</p>

Is Now a Good Time to Buy Altcoins? Why Analyst is Bullish on Alts: Arweave ($AR), Solana ($SOL), ONDO and PEPE in Focus

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