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Veteran trader Peter Brandt has said that the Bitcoin (BTC) vs the M1 money supply chart (WM1NS) is looking very similar to the one that led to the massive stock market rally in the mid-1980s.
The BTC/WM1NS chart Brandt shared compares the value of Bitcoin against all the money sloshing in the US economy. In the case of the charts provided by the veteran trader, a massive rise may be in the offing for Bitcoin and the rest of the cryptocurrencies.
Peter Brandt also stated that since the inception of Bitcoin, the king of crypto has been going parabolic against gold. He further postulated that this will continue to be the trend within the next few months. As of the time of this writing, an ounce of gold is equivalent to $2,329, but Brandt expects it to rise meteorically.
Based on the chart shared by the trader, the Bitcoin price could soar as high as $230,000 before the end of this bull cycle. With Bitcoin looking ready for a major price rally, investors are out to get the best altcoins that could moon this year.
As the market heads to a new all-time high with Bitcoin, there are some of the top altcoins with high possibilities of outperforming BTC. So, for investors looking to make the most of this bull cycle, the altcoins to watch are:
Among the altcoins that have displayed in the early stage that they can climb to the highest point of the bull market, one can mention Angry Pepe Fork (APORK). While created after the trending Pepe Coin, APORK is a Solana-based coin launched to change the face of the meme coin market. It is also different from other meme coins since it adds value and a source of passive income to its community.
Angry Pepe Fork features a novel “Conquer To Earn” concept and was designed as a revolution for the meme coin market. This new model is expected to choke out worthless coins and make the meme coin space an area where meme lovers can make money.
Thus, $APORK stresses the importance of practicality and it has a limited token supply which is 1.9 billion. Unlike the other meme coins, it ensures sustained scarcity and a steady rise in the value of $APORK. Additionally, by staking their $APORK tokens, members of the Angry Pepe Fork army can earn collectively, with an APY that rises as more zombie meme coins are eliminated.
$APORK is a distinctive project that is already on the path of becoming the next 100x Solana meme coin as dominance and popularity rise. Priced at $0.014 per coin, APORK is one of the best cryptos to buy now for investors hoping to make significant profits this year.
Technical indicators suggest that Dogecoin (DOGE) could be one of the biggest over the remainder of this bull cycle. Apart from this, Kevin, a well-known crypto trader on X, has revealed that according to the Fibonacci levels of Dogecoin, a big price surge is imminent.
Kevin claims that for the first time since November 2020, the 2-month Bollinger Bands Breakout indicator on Dogecoin is signaling a breakout. Simultaneously, the first two-month LMACD bullish cross since November 2020 is set to occur.
With these indicators suggesting that there is a high likelihood of a large price rise, the analyst has predicted a rally from its current range of $0.16 to $3. Therefore, DOGE is one of the most profitable coins to buy at the moment.
Ondo (ONDO) is among the best-performing altcoins in the year 2024, with its gains of 800% putting it among the top one hundred cryptos. The DeFi services that Ondo offers were quite enhanced, and that is why it gained much popularity in the crypto market. The project has also secured recent partnerships that will enhance the usage of its coin, USDY.
The latest Ondo partnership is with Mantra, one of the leading projects in the real-world asset (RWA) tokenization sector. With Ondo entering what could be one of the biggest markets in crypto, its growth potential has increased significantly. Based on predictions from market experts, the price of Ondo could increase from $1.4 to $10 this year, making it one of the best cryptos to buy now.
Due to its recent sideways trading, Solana (SOL) may not be considered among the best altcoins to buy. However, the pseudonymous trader, Immortal, has picked SOL as one of the altcoins to watch for the second half of the year. According to Immortal, the price of Solana could increase meteorically based on several trends.
In the prediction of Immortal, this fourth quarter will bring a parabolic move for SOL that has the possibility of rising 2-5 times. He, however, gave a price prediction of $500 for the particular altcoin. Currently, one Solana is trading at around $150 which is more than a 3x jump.
Super Trump (STRUMP) is one of the new meme coins that has captured a lot of attention over the last few weeks. Launched in May, STRUMP has seen a massive increase thanks to its link with Donald Trump, a candidate in the 2024 US Presidential elections.
On the monthly chart, Super Trump (STRUMP) has a more than 450% rise and numerous all-time highs. The prices of STRUMP are expected to go even higher as the elections are just around the corner. Since one of the candidates is Trump, who has shown interest in crypto, Super Trump could gain 10x before the end of the year.
While many investors will lean into Bitcoin as it outperforms gold, market experts have identified APORK, Ondo, Dogecoin, Solana, and STRUMP as the best coins to invest in for massive returns. These coins have shown the technical and fundamental strength to moon in this current bull market.
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.
