Check out this compilation of undervalued altcoins with significant growth potential

In his latest video, the host of The House of Crypto expressed optimism about the potential for altcoins to rebound, citing a decline in Bitcoin dominance as a positive indicator. This decline has historically signaled the beginning of an altcoin season.

The host delved into specific altcoins that are currently experiencing a rebound, while also examining broader market trends. The bearish MACD crossover in Bitcoin dominance, which has previously indicated altcoin seasons, is occurring once again, suggesting a potential surge for altcoins in the near future.

Notably, altcoins such as Render, Fetch AI, and Pendle have been gaining traction. These gains are attributed to market manipulations by major players who manipulate retail investors by creating cycles of euphoria and panic.

The host explained that certain altcoins that initially showed promise and strength are now being shaken out, not because they are weak, but due to market manipulation. For example, Render is currently in a buy zone and experiencing a rebound. Similar behavior has been observed with Arweave and Axie Infinity, which have also rebounded from their buy zones.

The question arises: should investors steer clear of meme coins? Even popular coins like SingularityNET and various meme coins have displayed similar patterns, indicating their potential for recovery when market conditions improve. The host advises against solely focusing on meme coins, although some, like Turbo, have seen significant movements. He argues that making profits with altcoins is generally easier during market downturns rather than when markets are at their peak.

The issue with meme coins lies in their reliance on hype and the absence of venture capitalists (VCs) driving up the price. This hype is fueled by people injecting money into the market, which in turn attracts more investors as the price rises.

To conclude, the analyst utilized CoinMarketCap to demonstrate how to identify potential investments by examining coins that have experienced a decline over the past 90 days but are showing signs of recovery in the last 7 days. He highlighted coins such as Synthetix, Filecoin, Fetch.ai, and Immutable X as examples.

Tags:
– Altcoins
– Crypto news
– Cryptocurrency
– Price Analysis