YCC Crypto Alpha #45
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
Hottest altcoins right now!
YCC portfolio updates
Market tip of the week
Latest market outlook
TLDR: Oh my god - Bitcoin is inches away from $100,000! This will be a historic moment, and for the first time ever, a six figure price. The real FOMO is about to begin.
People waited decades for this moment. Most recently, someone moved 2,000 Bitcoin from a 2010 wallet. They held for 14 years. What was once a few dollars is now hundreds of millions.
At the time of this post, the price is just above 90k and less than 10% from 100k. Bitcoin can reach that in a day. Keep a close watch because once that level is tapped, we’re entering the crazy period.
On the above chart, you can see projected in pink the last bull market from 2021 when Bitcoin did a 4x in a few months. Ever since the breakout point, the price action has mirrored that past performance.
Key resistance levels are found at 100k, 200k, and 300k. As long as the current momentum is maintained, and does not deviate from the pink projection, we’re on schedule to hit these levels.
I think a top between 100k to 200k is realistic. A top around 300k is optimistic. Time will tell, but the trend is your friend, and right now, it looks amazing. Worth nothing is that a top will be found by April 2025 if this rally is sustained.
Now lets switch to altcoins because I have some juicy charts for you.
Hottest altcoins right now!
A quick look on Coin Market Cap will show you that something is brewing on the altcoin front. Dozens of altcoins are in double if not triple digit profits on the weekly timeframe. This includes a lot of memes, and surprisingly, XRP and ADA.
XRP and ADA are old time altcoins. We could even consider them dinosaurs by crypto standards. However, their recent listing on Robinhood changed the game. Retail is returning to crypto and they are buying coins that ‘appear’ cheap.
New folks to crypto think buying XRP or ADA under $1 is better than say buying Solana at $200 or Bitcoin. They have no concept of market capitalization, circulating supply and so on.
That’s great news because such demand will provide an excellent exit liquidity. I anticipate the market will heat up even more as we approach the winter holidays (Christmas bonuses anyone?).
This means you are in for a great ride and today I have a piece of alpha that you HAVE TO take into account when you select your altcoins. Let’s look at the hottest ones next.
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