Echelon

Ondo

World

Arweave

Ethena

As the crypto market exhibits signs of a burgeoning altseason, crypto analyst Alex Wacy has shared a strategic <a href="https://twitter.com/wacy_time1/status/1787126952932864508" target="_blank" rel="noopener nofollow">forecast</a> with his 175,000 followers on X. Wacy predicts a selective yet explosive growth phase for altcoins, emphasizing the critical nature of asset selection and market timing. 
<h2 id="crypto-market-outlook-and-asset-selection-strategy">Crypto Market Outlook And Asset Selection Strategy</h2> 
Wacy’s recent thread underscores the anticipation of a massive altseason: “Only ~15% of altcoins will bring 10-100x in this hyper growth. Asset selection matters more than ever. One slip-up, and you’re out.” His analysis highlights the potentially selective nature of the upcoming market phase, suggesting significant disparities in performance among altcoins. 
Wacy believes the market is currently undervalued and primed for a significant uptick. He suggests that the consolidation of the total altcoin market cap above $700 billion would confirm the bull trend, signaling the onset of altseason. This perspective is rooted in current market behaviors where sentiment remains largely bearish, presenting a contrarian opportunity for growth. 
<img loading="lazy" decoding="async" class="wp-image-606729 size-full" src="https://www.newsbtc.com/wp-content/uploads/2024/05/GM0mZMFXUAAK4GW.png?resize=1129%2C1223" alt="TOTAL 3 crypto market cap" width="1129" height="1223" srcset="https://www.newsbtc.com/wp-content/uploads/2024/05/GM0mZMFXUAAK4GW.png?resize=1129%2C1223?w=1129 1129w, https://www.newsbtc.com/wp-content/uploads/2024/05/GM0mZMFXUAAK4GW.png?resize=1129%2C1223?w=425 425w, https://www.newsbtc.com/wp-content/uploads/2024/05/GM0mZMFXUAAK4GW.png?resize=1129%2C1223?w=768 768w, https://www.newsbtc.com/wp-content/uploads/2024/05/GM0mZMFXUAAK4GW.png?resize=1129%2C1223?w=794 794w, https://www.newsbtc.com/wp-content/uploads/2024/05/GM0mZMFXUAAK4GW.png?resize=1129%2C1223?w=750 750w" sizes="(max-width: 1000px) 100vw, 1000px" data-recalc-dims="1"> 
He categorizes the current sentiment into three types of capitulation—price, time, and growth—indicating varied investor behaviors that often precede market recoveries. The prevailing fear of further drops, according to Wacy, will likely clear out weak hands, setting the stage for a supercycle driven by Fear of Missing Out (FOMO) and subsequent strong buying activities. 
<h2 id="top-6-altcoins-with-the-most-potential">Top 6 Altcoins With The Most Potential</h2> 
#1 And #2: WIF as well as PEPE are the memecoins highlighted by Wacy as potential early movers in the anticipated altseason. “Look at <a href="https://www.newsbtc.com/news/solana-memecoin-wif-bonk-explode-by-double-digits/" target="_blank" rel="noopener ">WIF</a> and <a href="https://www.newsbtc.com/altcoin/pepe-primed-for-a-big-leap-80-price-increase-incoming/" target="_blank" rel="noopener ">PEPE</a>, structurally similar to DOGE during its meteoric rise. These coins have cultivated a community and meme appeal that could very well parallel SHIB’s market cap in the previous cycle,” Wacy asserts. He notes that PEPE appears particularly poised for a breakout, whereas WIF, though currently weaker, has the potential for quick shifts in market sentiment. 
<img loading="lazy" decoding="async" class="wp-image-606733 size-full" src="https://www.newsbtc.com/wp-content/uploads/2024/05/GM0m94OWsAA2ZRI.png?resize=2032%2C1312" alt="PEPE WIF Dogecoin comparison" width="2032" height="1312" srcset="https://www.newsbtc.com/wp-content/uploads/2024/05/GM0m94OWsAA2ZRI.png?resize=2032%2C1312?w=2032 2032w, https://www.newsbtc.com/wp-content/uploads/2024/05/GM0m94OWsAA2ZRI.png?resize=2032%2C1312?w=460 460w, https://www.newsbtc.com/wp-content/uploads/2024/05/GM0m94OWsAA2ZRI.png?resize=2032%2C1312?w=768 768w, https://www.newsbtc.com/wp-content/uploads/2024/05/GM0m94OWsAA2ZRI.png?resize=2032%2C1312?w=860 860w, https://www.newsbtc.com/wp-content/uploads/2024/05/GM0m94OWsAA2ZRI.png?resize=2032%2C1312?w=1536 1536w, https://www.newsbtc.com/wp-content/uploads/2024/05/GM0m94OWsAA2ZRI.png?resize=2032%2C1312?w=750 750w, https://www.newsbtc.com/wp-content/uploads/2024/05/GM0m94OWsAA2ZRI.png?resize=2032%2C1312?w=1140 1140w" sizes="(max-width: 1000px) 100vw, 1000px" data-recalc-dims="1"> 
#3 Ondo Finance (ONDO): This <a href="https://www.newsbtc.com/all/why-blackrock-could-bet-on-this-rwa-token-crypto/" target="_blank" rel="noopener ">Real World Asset (RWA) focused coin</a> is characterized by its robust buy support during price dips. Wacy sees ONDO as an undervalued asset with a significant upside. “ONDO has a resilient buy floor; even slight retractions to around $0.64 could offer lucrative entry points ahead of substantial upward trajectories,” he advises. His first target is the $1.62 price zone. 
#4 Arweave (AR): Known for its decentralized data storage solutions, Arweave is praised by Wacy for its strong market structure and resilience during downturns. Moreover, Arweave is building AO, a decentralized computer network which can be run from anywhere. “Arweave isn’t just storage; it’s a foundational technology in a decentralized future. A consolidation above $49 would likely be the catalyst for an explosive growth phase,” he predicts. 
#5 Echelon (PRIME): Wacy discusses PRIME’s multifaceted ecosystem, which encompasses a trading card game and an AI-powered game, both of which are gaining traction. “Echelon stands at the confluence of gaming and blockchain technology, attracting a broad audience with its innovative gameplay and decentralized features,” he remarks. From a technical analysis perspective, the PRIME price is near a favorable buying zone from $14.97 to $17.5. “Hoping that altcoins are already entering the altseason, would like to see a V-shaped reversal,” Wacy states. 
#6 Ethena (ENA): This <a href="https://www.newsbtc.com/news/ethena-ena-luna-of-this-cycle/" target="_blank" rel="noopener ">synthetic dollar protocol</a> offers an alternative to traditional banking and is poised for growth. “Ethena’s pattern on the weekly charts typically precedes major price movements. With the next major unlock event slated for April 2025, the buildup could be substantial,” Wacy explains. He likens ENA’s current price trajectory with the one of SEI. 
<img loading="lazy" decoding="async" class="wp-image-606732 size-full" src="https://www.newsbtc.com/wp-content/uploads/2024/05/GM0nVgsWcAAd9OZ.png?resize=1125%2C1217" alt="ENA vs SEI comparison" width="1125" height="1217" srcset="https://www.newsbtc.com/wp-content/uploads/2024/05/GM0nVgsWcAAd9OZ.png?resize=1125%2C1217?w=1125 1125w, https://www.newsbtc.com/wp-content/uploads/2024/05/GM0nVgsWcAAd9OZ.png?resize=1125%2C1217?w=425 425w, https://www.newsbtc.com/wp-content/uploads/2024/05/GM0nVgsWcAAd9OZ.png?resize=1125%2C1217?w=768 768w, https://www.newsbtc.com/wp-content/uploads/2024/05/GM0nVgsWcAAd9OZ.png?resize=1125%2C1217?w=795 795w, https://www.newsbtc.com/wp-content/uploads/2024/05/GM0nVgsWcAAd9OZ.png?resize=1125%2C1217?w=750 750w" sizes="(max-width: 1000px) 100vw, 1000px" data-recalc-dims="1"> Strategic Profit-Taking 
Wacy also provides strategic advice on profit-taking, anticipating that the altcoin market index, TOTAL3, could ascend to between $2 trillion and $2.3 trillion during the altseason. He suggests considering partial profit-taking once the market reaches approximately $1.6 trillion. His rationale is based on historical patterns where many investors fall prey to greed, resulting in substantial losses. 
The analyst further advises preparing a profit-taking strategy in advance, advocating for the reservation of 10-15% of positions for potential further growth beyond initial targets. He warns that the last surge in a growth phase often triggers excessive greed, suggesting that recognizing such signals could be crucial for timely exits before the onset of bear market conditions. 
At press time, WIF traded at $3.58. 
<img loading="lazy" decoding="async" class="wp-image-606739 size-full" src="https://www.newsbtc.com/wp-content/uploads/2024/05/WIFUSD_2024-05-06_13-15-43.png?resize=3628%2C1673" alt="WIF price" width="3628" height="1673" srcset="https://www.newsbtc.com/wp-content/uploads/2024/05/WIFUSD_2024-05-06_13-15-43.png?resize=3628%2C1673?w=3628 3628w, https://www.newsbtc.com/wp-content/uploads/2024/05/WIFUSD_2024-05-06_13-15-43.png?resize=3628%2C1673?w=460 460w, https://www.newsbtc.com/wp-content/uploads/2024/05/WIFUSD_2024-05-06_13-15-43.png?resize=3628%2C1673?w=768 768w, https://www.newsbtc.com/wp-content/uploads/2024/05/WIFUSD_2024-05-06_13-15-43.png?resize=3628%2C1673?w=860 860w, https://www.newsbtc.com/wp-content/uploads/2024/05/WIFUSD_2024-05-06_13-15-43.png?resize=3628%2C1673?w=1536 1536w, https://www.newsbtc.com/wp-content/uploads/2024/05/WIFUSD_2024-05-06_13-15-43.png?resize=3628%2C1673?w=2048 2048w, https://www.newsbtc.com/wp-content/uploads/2024/05/WIFUSD_2024-05-06_13-15-43.png?resize=3628%2C1673?w=750 750w, https://www.newsbtc.com/wp-content/uploads/2024/05/WIFUSD_2024-05-06_13-15-43.png?resize=3628%2C1673?w=1140 1140w, https://www.newsbtc.com/wp-content/uploads/2024/05/WIFUSD_2024-05-06_13-15-43.png?resize=3628%2C1673?w=3000 3000w" sizes="(max-width: 1000px) 100vw, 1000px" data-recalc-dims="1">

Crypto Analyst Reveals 6 Must-Buy Altcoins With The Most Potential

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