Top 8 Altcoins Poised for 50x Earnings Following Listings on Binance and Coinbase
Prominent cryptocurrency analyst Xremlin, known as @0x_gremlin on social media, has made a bold prediction about the upcoming altcoin season in 2024. According to Xremlin, this season could outpace the significant gains seen in 2021. He believes that the listing of altcoins on major exchanges, particularly Tier-1 centralized exchanges like Binance and Coinbase, has the potential to propel them to unprecedented heights, reaching Valhalla.
Xremlin highlights that these listings represent billions in retail liquidity, which is where the real magic happens. He points out that in the 2021 bull market, altcoins such as Polygon, Matic, and Solana experienced a 300X surge immediately after being listed on Binance. Xremlin believes that this kind of magic can happen again, and he has identified his top picks that he believes have the potential to generate a 50X return.
He explains that listings on Binance or Coinbase have an immediate impact on the price of the token. The reason for this is simple: millions of users on these centralized exchanges gain access to trade the newly listed token. This influx of trading activity often leads to a 3-10X increase in the token’s price, depending on its market capitalization.
Xremlin’s top picks for the next altcoin season include NGL (ENTANGLE), ALPH (ALEPHIUM), NORMIE, CPOOL (CLEARPOOL), BALLZ (WOLFWIFBALLZ), IXS (IX SWAP), DEGEN, and NMT (NETMIND). Each of these altcoins addresses different areas within the cryptocurrency ecosystem and has the potential to deliver significant returns.
NGL aims to revolutionize how data works with smart contracts on any blockchain and is currently valued at $232 million, trading at $1.96. ALPH, worth $203 million, aims to solve issues with decentralized applications (dApps) and trades at $2.75. NORMIE, a market sensation, is worth $120 million and trades at $0.1237. Clearpool, valued at $140 million and trading at $0.30, enables the trading of real-world assets on the blockchain. BALLZ, with a humorous name but a serious goal of making money, is worth $45 million and trades at $0.045. IXS, valued at $140 million and trading at $0.8425, facilitates the safe trading of real-world assets. DEGEN, worth $211 million, is designed for true crypto enthusiasts and trades at $0.01696. Finally, NMT, worth $240 million, combines artificial intelligence and blockchain technology and trades at $6.96.
Xremlin concludes by asking readers to share their favorite pick for this altcoin season. He also recommends reading about the key altcoin to watch out for, as another top analyst predicts that the altcoin season is just 45 days away.
Tags: Altcoins