With the cryptocurrency market booming and Bitcoin trading above $50,000, many investors are hoping for an alt season in 2024. As Bitcoin loses influence and other cryptocurrencies gain popularity, the prices of alternative coins are likely to rise.
Analyst Brian Jung predicts major potential for various cryptocurrencies, suggesting some could see 20x, 30x, 40x, and even 100x profits during this market cycle.
CEO Jeong discusses various stories in the cryptocurrency market, starting with gaming coins like Gala Games, which he believes have potential due to active development and solid concepts. He noted that he invested in Gala Games last cycle and sees growth potential.
The analyst also discusses infrastructure tokens such as Beam and Immutable X that support crypto gaming projects. He recommended Beam to his Discord group when it was only a penny and said it has since doubled in value.
Next, Jung discusses AI-based projects like Render and Arkham Intelligence that he believes have significant potential due to partnerships and strong community support. He advised investors to be wary of projects like ICP, which have suffered significant losses due to VC manipulation.
Jung then explores the narrative of real-world assets, mentioning VeChain as an early adopter in this space. He suggests looking into new projects like Rio, which he believes have significant growth potential.
He also discusses the importance of interoperability tokens like Avalanche and Chainlink in facilitating project connectivity. Jung then discusses meme coins, their high-risk nature, and the potential for significant returns. He notes Dogecoin’s rise to prominence and advises caution when investing in meme coins, suggesting selling after profits.