1. Bitcoin Forecast Before Altcoin Rally
2. Safe Altcoins According to Altcoin Sherpa
3. High-Risk Altcoins

A closely followed figure in the cryptocurrency world, Altcoin Sherpa, shared his expectations about a possible altcoin rally. He predicts altcoins could rise between the end of this year and the beginning of the next.

Bitcoin Forecast Before Altcoin Rally

According to Altcoin Sherpa, the next altcoin rally could start in December this year or January 2025. The analyst believes this rally will be triggered by Bitcoin reaching an all-time high and then cooling down. In his commentary, the analyst said, “I think this rally could be triggered by Bitcoin reaching an all-time high. This could happen in December or January, and then altcoins could gain strength.” However, Altcoin Sherpa emphasized that the rally might not be a significant altcoin season like in previous years. The analyst added, “A real altcoin season like January 2021 may not happen for years. However, altcoins will largely recover, with only a few standout exceptions.”

Safe Altcoins According to Altcoin Sherpa

Altcoin Sherpa also revealed some altcoins he currently considers offering “safe” trading opportunities. These include the decentralized finance (DeFi) protocol Aave (AAVE), XRP, and Layer-1 altcoins BNB and Tron. Among new projects, there is the Solana-based decentralized physical infrastructure project Network io.net (IO), DeFi protocols BounceBit (BB), and Blast (BLAST). The analyst noted that these new projects are “not very safe” but could be investable if Bitcoin maintains its strength.

High-Risk Altcoins

On the other hand, Altcoin Sherpa listed high-risk but potentially higher-return memecoins such as Popcat (POPCAT), dogwifhat (WIF), and Pepe (PEPE). The analyst emphasized that these types of investment vehicles could bring significant gains but also come with high risks.

Thus, the analyst Altcoin Sherpa sees the prospect of altcoin growth towards the end of 2024 - beginning of 2025, especially if Bitcoin reaches a new record level. However, he emphasizes the importance of a cautious approach to investments, especially in high-risk assets.