YCC Crypto Alpha #23
Our latest community alpha & portfolio updates.
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These posts are your gateway to our latest market alpha, top coins to watch and community updates. They also keep our busy Patrons happy and informed.
This issue covers:
Latest market outlook
Three new narratives you can’t miss
YCC portfolio updates
Market tip of the week
Latest market outlook
TLDR: Bitcoin’s price continues to range after the halving. This is a promising sign and sets the stage for a massive breakout later on. Best to be patient until the current ATH at 74k breaks. The mega pump will start soon after that.
Bitcoin made a lower low just before the halving, but the price quickly recovered. Moreover, the post-halving price action has been bullish and this could very well continue with an eventual break above 74k.
As long as the price moves sideways and does not make new lows, there is no reason to be bearish. This long consolidation is a welcomed pause in the rally after a massive pump at the start of this year.
This bull market is far from over! There is at least another massive rally ahead of us and it will start as soon as Bitcoin makes new highs. When that happens, altcoins may also start to come alive again.
Let’s look at three key altcoin narratives I have my eyes on next.
Three new narratives you can’t miss
Use this time to position yourself. Any sideways price action is a good time to plan your next move. Once Bitcoin breaks above 74k things will start moving very fast and it will be hard to keep up.
For example, the recent RuneChain release started with a free mint of Runers ordinals that was quickly followed by a token airdrop. Holders of Runers received 100k RUNIX tokens for free! If you were fast to claim and sell, that meant between $1,000 to $2,000 per Runer in free money! We discussed this as it happened live on our Discord.
Crazy times for our Patrons Pro considering the Runer free mint was $10. I was lucky and got a nice Loki Runer which is worth at least $5,000 at the time of this post. This is because there are only 614 Loki Runers out of 21,000 total supply.
But this is just one example!
There are three more examples below. The post-halving price action will make the altcoin market go crazy, particularly for anything building on top of Bitcoin!
Get ready NOW. Let’s dive in.