An authoritative analyst predicts that by 2024, altcoins that can withstand the current downturn will first reach new highs. The analyst, known as Jason Picino, is observing altcoins that are forming bullish patterns at higher bottoms.
According to the expert, “Altcoins that maintain higher lows are most likely to break through to new peaks and possibly historical highs during this period in mid-2024…”
In a recent video, Picino mentioned some of the best-performing altcoins during this market correction, highlighting two of them – Solana and Pen.
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A cryptocurrency expert stated that two DeFi altcoins have the potential to generate huge profits.
The analyst advises long-term investors that the ongoing decline in altcoin prices presents an opportunity to buy promising projects before the expected market rally later this year. He emphasized that top tokens become stronger after major declines, as evidenced by history.
“We have seen it before; ultimately, we recover. A good example is Solana. But looking at historical charts can be instructive for those who doubt, showing that some assets can drop by 80% in a month.”
