Amid the highly anticipated parabolic crypto bull run, every investor desires to position their portfolios correctly for maximum gains. As more altcoins signal an inevitable bullish breakout towards a new all-time high (ATH), it is safe for every crypto investor first to ensure the assets are properly secured and not locked in staking programs.
Furthermore, most crypto staking and farming programs lock the respective digital assets for more than a week, which could deny the investor a chance to take profits along the way.
Lark Davis on the 2024 Bull Cycle
Meanwhile, a popular crypto veteran, Lark Davis, highlighted in a recent YouTube interview with the VirtualBacon channel that now until the end of this year is the last chance to dollar cost average (DCA) to maximize gains.
With Bitcoin price expected to reach its cycle top by the end of 2025, Davis highlighted that it is important for investors to have an exit strategy to avoid riding down the next bear market and missing generational wealth.
Nevertheless, Davis is confident that the crypto market will offer investors a spectacular opportunity to exit that market, as shown in previous cycles. For instance, crypto investors who missed the first exit chance for Bitcoin in April of 2021 had another opportunity to profit in October.
Altcoins on His Radar
With the altcoin market well known for presenting higher returns than Bitcoin in macro bull markets, Davis presented three altcoins that he is convinced will perform impressively in the coming two years.
On the top list is Chainlink (LINK), which has a high adoption rate due to its network developments, including the Cross-Chain Interoperability Protocol (CCIP). The other altcoin is Traderjoe’s JOE (JOE), a fast-growing decentralized exchange on the Avalanche network. The last altcoin on his radar is the Elumia (ELU), which has a market cap of about $13 million and a daily average trading volume of around $7.5 million.