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The analyst singled out 22 tokens that will grow significantly in value in March

11:37 am, February 27, 2024

A trader known as Cyclop has identified cryptocurrencies that have the potential for 100-fold growth. According to the expert, their value will be affected by the upcoming Ethereum Dencun update scheduled for March 13.

The update, which promises to significantly improve the usability, security, and bandwidth of ETH, may be the beginning of a new season of altcoins, creating the preconditions for the rapid growth of a certain group of cryptocurrencies. Cyclop’s selection criteria depend on the market capitalization of the tokens and their alignment with the hottest narratives of the current bull market. These include AI, DeFi, RWA, SocialFi, GameFi, BRC-20, Modular, L1, and L2 sectors.

The list ranges from tokens with high market capitalization such as Injective (INJ) and Render (RNDR) to new players such as SleeplessAI (AI) and Stella (ALPHA). The trader thus offers a diverse portfolio for investors looking to capitalize on the altcoin season.

  1. Injective (INJ), market capitalization: $ 3 billion
  2. Reder (RNDR): $ 2.8 billion
  3. Arbitrum (ARB): $ 2.37 billion
  4. Sei Network (SEI): $ 2.11 billion
  5. Sui Network (SUI): $ 1.89 billion
  6. MakerDAO (MKR): $ 1.88 billion
  7. Starknet (STRK): $ 1.39 billion
  8. Ordi (ORDI): $ 1.33 billion
  9. Theta Network (THETA): $ 1.3 billion
  10. Synthetix (SNX): $ 1.27 billion.
  11. Dymension (DYM): $ 934 million
  12. Astar (ASTR): $ 892 million
  13. Ronin Network (RON): $ 873 million
  14. Altlayer (ALT): $ 557 million
  15. Treasure (MAGIC): $ 326 million
  16. Ankr (ANKR): $ 320 million
  17. Space ID (ID): $ 255 million
  18. SleeplessAI (AI): $ 216 million
  19. Polymesh (POLYX): $ 194 million
  20. Radiant Capital (RDNT): $ 167 million
  21. MyNeighborAlice (ALICE): $ 130 million
  22. Stella (ALPHA): $ 117 million

Another influential cryptocurrency market expert, Michael van de Poppe, gave investors advice on how to survive the altcoin season. He strongly recommended not to buy tokens during the peak of the hype cycle, when hype on social media and rising prices can tempt investors to make impulsive decisions.

Van de Poppe emphasized the importance of entering the market when confidence in it is low, for example, after a correction or after negative news. This strategy is based on the cyclical nature of markets, suggesting that what is undervalued today may become a success story tomorrow.

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