The signs of life in the crypto market have been evident recently, with Ethereum trading above $3,000 and various altcoins demonstrating promising growth. While many are wondering if we’re on the cusp of another “alt season,” I believe we’re going to see a more selective market, with only in-season names or projects that are independently performing well gaining significant traction.
One reason for this selective growth is the current macroeconomic climate, with the US economy heading into a recession and no significant changes in the Federal Reserve’s policy. This environment makes the market less conducive to the kind of euphoria-driven alt season we’ve seen in the past, and as a result, I anticipate that the growth we see in the crypto space will be more focused on specific projects and narratives.
With that in mind, I’m keeping an eye on several projects and developments that could be worth paying attention to in the coming months. Some of these include:
Projects with strong fundamentals and tokenomics: As I mentioned earlier, I believe the current market environment is more suitable for tactical trading rather than long-term holds, unless a project is well-established and has strong fundamentals and tokenomics in place.
In-season names: Crypto projects that are currently “in-season” and experiencing significant growth due to a particular narrative are also worth watching closely, as these narratives can shift quickly and lead to rapid gains or losses.
Upcoming projects: New and upcoming projects that have the potential to disrupt the market or offer unique value propositions should also be on your radar, as they may present opportunities for early investment and long-term growth.
It’s important to remember that the crypto market is incredibly volatile and unpredictable, and as such, any investment should be made with caution and a clear understanding of the risks involved. However, by staying informed and keeping an eye on promising projects and developments, you can potentially capitalize on the opportunities that arise in this ever-evolving space.