Top Exchanges List Altcoins with Potential for 50x Profits
Prominent cryptocurrency analyst, Xremlin, also known as @0x_gremlin on social media, has made a bold prediction regarding the upcoming altcoin season in 2024. According to him, this season could potentially surpass the significant gains witnessed in 2021. Xremlin believes that the listing of altcoins on major centralized exchanges, particularly Tier-1 exchanges like Binance and Coinbase, has the power to propel these coins to unprecedented heights, comparable to reaching Valhalla.
These exchange listings represent a massive influx of retail liquidity, which is where the true magic happens. Xremlin revealed that during the 2021 bull market, altcoins such as Polygon, Matic, and Solana experienced a staggering 300X surge in value immediately after being listed on Binance. He firmly believes that this magic can happen again, and he has provided his top picks for altcoins that he believes have the potential to generate a 50X return.
The impact of listings on Binance or Coinbase is immediate and significant, leading to a surge in token prices. The explanation for this is quite simple: millions of users on these centralized exchanges gain access to trade the newly listed tokens. As a result, the token’s value often experiences a rapid increase, ranging from 3-10 times, depending on 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 coins serves a unique purpose within the cryptocurrency space and has the potential for substantial growth.
NGL, for instance, aims to revolutionize how data interacts with smart contracts on any blockchain. It currently holds a market value of $232 million and trades at $1.96. ALPH (ALEPHIUM) addresses issues related to decentralized applications (dApps) and has a market value of $203 million, with a trading price of $2.75. NORMIE, a relatively new market sensation, is considered a memecoin that appeals to a wide audience. It has a market value of $120 million and trades at $0.1237.
Clearpool (CPOOL) allows individuals to trade real-world assets on the blockchain and is worth $140 million, with a trading price of $0.30. BALLZ (WOLFWIFBALLZ), despite its amusing name, is a serious contender for generating profits. It currently holds a market value of $45 million and trades at $0.045. IXS (IX SWAP) facilitates the safe trading of real-world assets and is worth $140 million, with a trading price of $0.8425. DEGEN, tailored for true crypto enthusiasts, has a market value of $211 million and trades at $0.01696. Lastly, NMT (NETMIND) combines artificial intelligence with blockchain technology and is worth $240 million, with a trading price of $6.96.
Xremlin concludes his list of top picks, leaving it up to the readers to decide on their favorite altcoin for the upcoming season. Tags relevant to these altcoins include Altcoins.