Date: Mon, Sept 23, 2024, 02:22 PM GMT
Excitement is building in the cryptocurrency market following the recent Fed rate cut, sparking a powerful rally across many coins. This move has lifted investor sentiment, and it looks like the much-anticipated bull run may be right around the corner. According to crypto analyst @LintonWorm, the next big rally will likely begin in October 2024, and he’s highlighting a few tokens he believes could deliver impressive gains.
In his analysis, @LintonWorm suggests staying away from “old, dinosaur tokens” like Cardano (ADA), XRP, Bitcoin Cash (BCH), and Cosmos (ATOM), claiming they won’t yield significant profits in the upcoming cycle. Instead, he points to historical Bitcoin (BTC) cycles as a key indicator of what’s to come.
“Typically, a Bitcoin cycle kicks off about 170 days post-halving, reaching its peak 320 days later. Right now, we’re 153 days into the 2024 halving, meaning we’re just 17 days away from the anticipated bull run pump,” said the analyst.
Understanding Bitcoin’s cyclical nature, influenced by halving events, investor sentiment, regulatory changes, and other factors, is essential for timing investments and maximizing returns. Historically, the months of October and November have been prime periods for crypto rallies, yielding some of the highest returns for investors.
Top Picks for the 2024 Bull Run
According to @LintonWorm, SUI and TIA are standout tokens that are poised to outperform in the upcoming cycle. Here’s a closer look:
1. SUI (Sui Network)
- Market Cap: $4.05 billion
- Fully Diluted Valuation (FDV): $15.01 billion
Sui is a revolutionary layer-1 blockchain platform that’s designed to handle the demands of global adoption. It offers a highly scalable, secure development environment, utilizing a novel object-centric data model. Sui also implements the Move programming language to overcome inefficiencies found in other blockchains, making it a strong contender for the next wave of blockchain innovations.
2. TIA (Celestia)
- Market Cap: $1.28 billion
- Fully Diluted Valuation (FDV): $6.49 billion
Celestia is making waves as the first modular blockchain network. It allows developers to deploy their own blockchain with minimal overhead, revolutionizing how blockchains are built. By decoupling execution from consensus and introducing data availability sampling, Celestia reimagines blockchain architecture to achieve massive scalability.
@LintonWorm also mentioned other tokens, including RIO and ZRO, as promising investments in the coming months.
Conclusion
As October approaches, crypto enthusiasts are gearing up for what could be the beginning of a major bull run. If @LintonWorm’s analysis holds true, tokens like SUI and TIA may present significant opportunities for those looking to capitalize on the next big wave in the crypto market.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always do your own research before making any investment decisions.