thecryptobasic.com
A market pundit has identified four altcoins he believes could perform “extremely well” like XRP and Cardano did in previous bull runs.
The ongoing crypto bull market is on the cusp of slipping into the second phase, which typically introduces the altcoin season, where capital flows from Bitcoin (BTC), the premier crypto asset, to other cryptocurrencies, leading to rapid rallies within the altcoin market.
As the second phase looms, investors continue to shuffle multiple recommendations for altcoins capable of fully riding the wave. Amid the uncertainty, seasoned market analyst Murad recently called attention to four crypto assets that could perform well.
In a recent post on X, Murad pointed to new entrants SPX6900 (SPX), Gigachad (GIGA), Apu Apustaja (APU), and Mog Coin (MOG), all meme coins. He compared these four cryptocurrencies with established top ones, looking to identify a similarity between the two groups.
XRP and Cardano Among Successful Assets
According to him, these altcoins are worth cupping because they boast relentless and stubborn holders tagged as the “most delusional” in the crypto scene.
The market expert called attention to Bitcoin (BTC), XRP, Cardano (ADA), Chainlink (LINK), and Dogecoin (DOGE) as crypto assets that also have “stubborn holders.” He argued that the relentlessness of these assets’ holders contributed to their historic success.
For instance, XRP, which underperformed at the start of the 2017 bull run, still retained the confidence of its holders at the time. XRP collapsed to a low of $0.003 in January 2017 despite other assets gaining. Shortly after, it rallied to a peak of $3.31 by January 2018, marking a 110,233% gain in a year.
Cardano engineered a similar campaign, but during the previous bull run in 2020/2021. As at March 2020, ADA had slumped to a low of $0.0185. However, after staging a recovery, the altcoin surged to its all-time peak of $3.1 in September 2021. This marked a massive gain of 16,656% in 18 months.
Four Altcoins that Could Replicate This Success
BTC, LINK and DOGE have also replicated runs of this magnitude over the years. Marud believes their rallies was due to resilience from holders, a feature he thinks could benefit newcomers such as GIGA, SPX, APU and MOG.
For context, GIGA, which launched earlier this year as a Solana-based meme coin, has attracted multiple investors into its fold. Data suggests the token has gained 3,897% since its launch, now boasting a market cap of $521 million at press time. GIGA now trades for $0.056, a 107% gain over the past month.
Meanwhile, despite launching late last year, SPX6900 gained prominence this year, with its market cap now sitting at $810 million. SPX started the year with a price of $0.00830, but now trades for $0.8695, having gained 10,375% so far this year.
Also, APU and MOG have established their mark on the crypto scene. While APU is up 144% over the last month, currently trading for $0.000877, MOG has seen a 30.60% rise within the same timeframe. Murad’s commentary suggests these four assets still have room for growth, but this is not a guarantee.