With the cryptocurrency market experiencing a boom and Bitcoin trading above $50k, many investors are hopeful for an altseason in 2024. As Bitcoin’s influence fades and other cryptocurrencies gain popularity, there’s a chance that alternative coins could see a price increase.
Analyst Brian Jung predicts the major potential for various cryptocurrencies, suggesting that some could see gains of 20x, 30x, 40x, or even 100x during this market cycle.
Jung discusses various narratives in the cryptocurrency market, starting with gaming coins like Gala Games, which he believes have potential due to their active development and strong concepts. He mentions that he invested in Gala Games during the last cycle and sees its growth potential.
The analyst also discusses infrastructure tokens like Beam and Immutable X, which support crypto-gaming projects. He mentions that he recommended Beam to his Discord group when it was at a penny, which has since doubled in value.
Next, Jung discusses AI-based projects, such as Render and Arkham Intelligence, which he sees as having significant potential due to their partnerships and solid community support. He advises investors to be cautious of projects like ICP, which experienced significant losses due to VC manipulation.
Jung then explores the narrative of real-world assets, mentioning VeChain as an early adopter in this space. He suggests looking into newer projects like Rio, which he believes have significant growth potential.
He also discusses the importance of interoperability tokens like Avalanche and Chainlink, which facilitate project connections. Jung then discusses meme coins, their high-risk nature, and their potential for significant returns. He mentions Dogecoin’s rise to prominence and advises caution when investing in meme coins, suggesting selling after profits.
