Top Altcoins to buy for 2024 cryptocurrency Alt season!
The time has come, everyone thinks crypto is going to zero, but we’re at the same lul we are always at before a huge alt season. So what are the top alt coins to pick up for the incoming parabolic move?? I reference an article I wrote long ago in April 2023
Cryptocurrency market cycles explained: When to buy altcoins and what will offer best ROI?
The TLDR is I researched every token launched on Binance Launchpad since 2018, calculated the ROI, included launch date and token supply etc. etc and concluded that the date launch was a major factor with token supply a secondary factor. There are three tokens highlighted as potential (In no particular order)
This data focuses on patterns seen within the 2017 and 2021 cycle, the first mini alt season of the cycle represents the 0.236 fibonacci level of the final target and the diagonal represents a time base of likely target to hit, as an example here is $near, we can see the fibonnaci meets the diagonal at 1 giving a final target, while the initial pump is at approximately 0.236
It should be noted after 2–3 cycles the ROI of a token is significantly reduced (although tend to hit target after newer tokens)
With that little history lesson out of the way let’s see what the next cycle has in store:
$ID
Space ID, currently number 184 on CoinMarketCap and launched in March 2023, It is a web3 protocol focusing primarily on protocol naming services. Using the 0.236% fib and diagonal resistance line a potential gain of 2000% and price of $6 could be had.
$ARKM
Arkham is currently sat at 185 on CoinMarketCap, extraordinarily just one place behind Space ID and launched in July 2023, Arkham is currently $0.94, Arkham is also trading higher than August meaning it has more strength despite Bitcoins weakness, potentially the bottom may be here for Arkham. Showcasing itself as ‘Deanonymizing the Blockchain’ it focuses on tracing and identifying blockchain and wallet activity, Arkham is showing the potential to gain 1200% as soon as January 2025 and hitting $12.50 in the process
$WLD
Worldcoin launched in July 2023 and is residing at 92 on CoinMarketCap priced at $1.40, furthermore it has been trading in the same range for the last three days, while Bitcoin lost 7%, giving hints of being bottomed. Worldcoin is also playing on the AI narrative I said would be a big plus for maximum ROI in the above linked article and has a token supply of 10,000,000,000, the exact token supply I stated is optimal. Worldcoin can be a little deceptive, the most optimistic target is $42 with a huge gain of 2700%. Previous levels could be an over extention the final target won’t be able to reach, but what is clear, is if it hits that target, it won’t hang around it for long!
Final Thoughts
All targets are assuming price only hits 1 on the fibonacci and there are no further extensions and the time based target is the earliest that target can be achieved. There is one other token that fits within the criteria, $EDU launched in April 2023 focusing on educational content. I feel this will perform similarly to fan tokens and sports based tokens (they don’t perform well)
Top Altcoins for 2024/25 Alt season! was originally published in Coinmonks on Medium, where people are continuing the conversation by highlighting and responding to this story.