Altcoins Poised to Kickstart a New Crypto Bull Run, with Analysts Urging Investors to Accumulate Them Before They Surge

Citing previous cycles in 2017-2018 and 2019-2020, experts believe the market has transitioned from an “accumulation phase” to an “uptrend phase.”

Altcoins are preparing to kickstart a new crypto bull run, with analysts urging investors to accumulate them before they surge. Citing previous cycles in 2017-2018 and 2019-2020, experts believe the market has transitioned from an “accumulation phase” to an “uptrend phase.”

Typically, large investors strategically buy crypto during dips, spearheading the accumulation phase. Now, as the market shows signs of recovery from the recent downturn, analysts anticipate a shift to the uptrend phase—where crypto prices generally rise.

One analyst highlights four altcoins with potential for significant growth. The first on the list is the RWA token ONDO of Ondo Finance. This project builds financial software for managing tokenized real-world assets and traditional crypto products. At press time, ONDO trades at $0.64, and its market cap stood at $890 million.

Another promising altcoin is Golem, an open-source, decentralized computing platform that facilitates AI computing power. Its native token, GLM, is also poised for growth. At the time of writing, GLM trades at $0.28, with a market cap of $280 million.

In the emerging DePIN sector, Aethir Cloud is making waves with its project that builds a decentralized real-time rendering network for the metaverse, aiming to improve content accessibility. Its token, ATH, is also worth considering, with a current price of $0.059 and a market cap of $239 million.

Lastly, the DeFi project Ravencoin is another altcoin to watch. This peer-to-peer blockchain is designed for efficient asset creation and transfer. Its in-house token RVN trades at $0.017, with a market cap of $245 million.

Many altcoins have seen substantial 60-70% drops from their March peaks and are now struggling to regain momentum. This bearish trend has ignited widespread panic among holders of altcoins as the market appears stagnant, hindering a quick rebound.

However, leading market analyst Captain Faibik earlier predicted a rebound starting in mid-September. Overall, there is some optimism on the potential for altcoins to bounce back to March’s high in the fourth quarter. This outlook gives a slight relief to investors who have been facing an era of low volatility and falling prices. This feeling can be attributed to most of the traders in the crypto market considering waiting for the market to shift to a more volatile situation.

That said, this article reports on an analyst’s opinion and should not be considered financial advice. Readers are urged to conduct their research before making any investment decisions.