Altcoin Psycho: the explosive rally of altcoins will continue in the future

A popular crypto strategist known as Altcoin Psycho believes that altcoins are preparing for a «never-before-seen rally in the current market cycle.» The analyst tells his 493,700 followers on the X platform that historically, altcoins have witnessed large surges during the second wave of a bull market.

Altcoin Psycho believes that traders who have made money on bitcoinand meme tokens are likely to recoup their capital and trigger another round of altcoin market upside.

«If you think this market is fun, just wait until the liquidity of memes and BTC is again converted into quality altcoins. The best results of the cycle tend to happen in the 2nd stage of growth.

Don’t get me wrong, I think meme coins will go higher, and I enjoyed the fact that I finally didn’t lose money on them, but as someone who has been involved in cryptocurrencies since 2014, I can tell you from past experience that the 2nd stage of growth is the craziest (in a good way)," the crypto expert notes.

In particular, Altcoin Psycho is closely monitoring altcoins that have no tokens left to unlock. He assumes that strong pressure from sellers is not expected, as the total supply in circulation is exhausted.

«Look for tokens from the previous cycle that are fully unlocked and have not yet been released into circulation. Those that closed strong weekly candles today will be next in line to be launched,» the trader warns.

Just a day ago, the price of the Shiba Inu (SHIB) meme coin increased by 42.6%, doubling in value. The huge jump in the value of the cryptocurrency can be explained by the upcoming debut of version 1.1 of the Shib Name Service (SNS), which allows owners to personalize their tokens. In total, the virtual coin gained 270% over the week.