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In a string On . Here’s a detailed look at what he revealed.
#1 Bitcoin Season is Memecoin Season
“When Bitcoin rises, people often buy memcoins en masse, which positively affects their prices,” Wasi noted. Unlike the previous uptrend, capital is flowing directly into the riskier crypto sector. The rise in the price of Bitcoin tends to create a ripple effect in the memecoin market, causing a significant rise in the prices of these tokens, essentially crowding out powerful altcoins.
#2 Long-term Bitcoin holders are selling aggressively
Wacy highlighted a notable sell-off among long-term Bitcoin holders. “They have already sold nearly 730,000 bitcoins during the month,” he noted. Interestingly, US spot ETFs absorb about 90% of this selling pressure, playing a crucial role in market stability.
#3 Solana above $500 may be a reality
“Even as the memecoin era is coming to an end, AI and DePIN project developers continue to choose Solana,” Wasi noted. With the massive interest in memecoins, AI, and the DePIN combo, Solana remains the leading ecosystem that will eventually push the price of SOL above $500.
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#4 Blockchain-based AI agents are still undervalued
“AI agents are already making their mark in the real world. However, blockchain-based AI offers greater decentralization and privacy. Blockchain-based AI projects have untapped potential and are currently undervalued in the market,” he points out.
#5 Ethereum is set to rise
Ethereum’s open interest has surpassed its previous all-time high, exceeding $13 billion – a growth of more than 40% in the past four months. This rise indicates increased investor interest and could indicate a significant upward movement in the price of Ethereum. “Ethereum is set to go up,” Wasi predicts.
#6 Most Ethereum 2 layers will fail
Wacy expresses skepticism about the proliferation of Ethereum’s layer 2 solutions. “The most promising L2s at the moment are Base and Mantle,” he commented. He warned that unless the Ethereum Foundation develops the “concept of L2 cores,” 90% of L2 chains may not survive the next down cycle.
#7 Modern technologies will work
“AI, DePIN and RWA are the future. At least that is what the retail sector sees, so keep an eye on these trends,” Wasi advised. According to him, an investor’s core capital should only be invested in these three strongest narratives in the ongoing uptrend.
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#8 Non-major novels are great for speculation
Wacy highlights the speculative potential in less mainstream sectors such as decentralized science (DeSci). “While it may be less popular, it has been and will continue to be well pumped,” he noted, pointing to opportunities for more high-risk-averse investors.
#9 Quantum cryptocurrencies are gaining attention
“Quantum stocks are up more than 1,000% in just one month,” Wasi noted. He suggests that investors should keep an eye on quantum-related cryptocurrency projects, as this sector may see significant growth in the coming months.
#10 Be careful with market sentiment
“Take what people say here with a grain of salt. These stocks are often too bearish during dumps and too bullish during pumps,” Wasi warned. He recommends critically analyzing market sentiment indicators, which can be misleading during extreme market conditions.
#11 Timing is crucial to unloading altcoins
“When you’re thinking about dumping your altcoins and everyone’s calling you an absolute idiot, that’s the best moment to cash out,” Wacy suggested. Contrarian strategies may provide ideal exit points for altcoin investors.
#12 Rating Insights from Cryptocurrency Analyst Copy
“I think Cobie knows a little bit more about this market than we do,” Wacy said, referring to popular cryptocurrency analyst Cobie (@cobie). It is recommended to listen to Cobie’s who stated earlier in this cryptocurrency bull market that investors should concentrate 70% of their capital in cat-themed memecoins, 20% in other animal memecoins and only 10% in all other coins to maximize Some amount of profit.
#13 Traditional market rules still apply
“Although this cycle is significantly different from previous cycles, the growth of altcoins is still highly dependent on Bitcoin dominance,” Wasi noted. Despite the new market dynamics, Bitcoin still represents the most significant influence on the broader cryptocurrency market.
#14 Market cycles remain unchanged
“The market is a cycle. Today it’s memes, tomorrow it’s technology, and the next day, regulations. Cycles are never cancelled. Remember that,” Wacy emphasized. Understanding the cyclical nature of markets can help investors navigate volatility.
#15 Strategic Investment Considerations
“Some people might benefit more from looking for dips in alpha levels, rather than trying to catch another risky beta,” Wasi concluded. He encourages investors to focus on high-quality investments with strong fundamentals rather than chasing high-risk opportunities.
At press time, Bitcoin was trading at $94,875.
Featured image created with DALL.E, a chart from TradingView.com
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