Recently, there has been a surge in VC (Venture Capital) altcoins, which are often launched with some major backing and higher valuations. These coins have started to move significantly, hinting at a potential trend in the market. 

Why Are These Coins Pumping?

According to analyst Miles Deutscher, a key reason for these movements is that many of these coins were heavily beaten down, with declines of 80-90%. Once a coin is so deeply discounted, even small positive news can lead to substantial price increases. This can be particularly true for coins that have had steep initial sell-offs.

Historically, the cryptocurrency market tends to follow certain cycles. While this cycle isn’t exactly the same as past ones, the principles remain similar. The main difference now is the need for detailed asset selection. He said that simply timing the market isn’t enough; choosing the right coins to invest in is crucial.

Existing Coins with Past Unlocks: The analyst said that Saga is one example, which recently broke out of its trend. Apart from that, he listed coins like StarkNet, Ena, Wormhole. These coins have potential if bought at lower valuations. They’ve seen significant unlocks already and may offer good investment opportunities.

He said that StarkNet is a layer-2 scaling solution for Ethereum that is currently valued below some of its peers like Arbitrum and Optimism. Its lower valuation could present an attractive buying opportunity.

Emerging Projects: Watch for new projects like Initia, Bearer Chain, and Zero Gravity. These projects might launch at undervalued prices, offering potential for gains if they outperform expectations.

Conclusion: 

The current market cycle places a premium on choosing the right assets rather than just timing your investments. Unlike previous cycles where many altcoins surged simultaneously, this cycle is marked by a more selective approach. 

Earn more PRC tokens by sharing this post. Copy and paste the URL below and share to friends, when they click and visit Parrot Coin website you earn: https://parrotcoin.net0

PRC Comment Policy

Your comments MUST BE constructive with vivid and clear suggestion relating to the post.

Your comments MUST NOT be less than 5 words.

Do NOT in any way copy/duplicate or transmit another members comment and paste to earn. Members who indulge themselves copying and duplicating comments, their earnings would be wiped out totally as a warning and Account deactivated if the user continue the act.

Parrot Coin does not pay for exclamatory comments Such as hahaha, nice one, wow, congrats, lmao, lol, etc are strictly forbidden and disallowed. Kindly adhere to this rule.

Constructive REPLY to comments is allowed