An authoritative analyst predicts that by 2024, altcoins that can withstand the current downturn will set new highs first.
The analyst, known as Jason Pisino, is observing altcoins that are forming bullish patterns at higher bottoms.
According to the expert: “Altcoins that maintain higher lows are most likely to break through to new highs and possibly historical highs during this period in mid-2024…”.
In a recent video, Pisino mentioned some of the best-performing altcoins during this market correction, highlighting two of them – Solana and Binance Coin.
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A cryptocurrency expert has stated that two DeFi altcoins have the potential to earn enormous profits.
The analyst advises long-term investors that the ongoing decline in altcoin prices presents an opportunity to buy promising projects ahead of the expected market rally later this year. He emphasizes that top tokens tend to be stronger after major declines, as evidenced by history.
“We have seen it before; we ultimately recover. A good example is Solana. But looking at historical charts can be instructive for those who have doubts, showing that some assets can drop by 80% in a month.”
