Cryptocurrency analyst The Flow Horse, known for his accurate and timely altcoin predictions and therefore closely followed, suggested that six altcoins will be the fastest risers in the race in the cryptocurrency market.
Six Leading Altcoins and Their Sectors
In his statement to Telegram subscribers, analyst The Flow Horse said that six altcoins with projects in the artificial intelligence (AI), memecoin and Layer-1 sectors will be the pioneers of the cryptocurrency market.
In his post, the analyst said, “Memecoins are more diverse, and artificial intelligence is managed by TAO. Wif, Bonk, Pepe. Sei and Sui are still strong. Diversification should not be made outside this leading group until the course of the market is clearly clear. If you have to change, you may be late.” he said.
Market Corrections and Strong Altcoins
With the recent correction in the cryptocurrency market, The Flow Horse stated that he does not think the decline is a signal that strong altcoins are not ready to give up much of the gains they have made in the last few weeks, saying:
Any mega-strong asset is likely just experiencing a cooling and a trend reversal is out of the question. I don’t know the exact depth or size, but I’m pretty sure of the direction. As long as previous daily pivots (the idea of previous significant resistances becoming support) remain valid, I see no need to be overly concerned.
He Showed PEPE as an Example Altcoin
Citing the PEPE memecoin as an example, the investor showed how strong altcoins have turned former resistance levels into support after a pullback. “Watch out for those showing strength and keep an eye on anything that has pre-inflection points,” the analyst said. For example, Pepe… If the markets become stronger and uncertainty disappears, it will rise rapidly.” he said.
At the time of writing, PEPE is trading at $0.00000983, down from $0.0000929, which is the lowest level of the last 24 hours.
The Flow Horse added that the fluctuations in the markets protect the fundamentals of strong altcoins and these assets will continue to gain value in the long term. The analyst emphasized that focusing on altcoins in the leading group under current market conditions could be a safer strategy in times of uncertainty. He pointed out that memecoins such as PEPE could re-support resistance levels thanks to community support and market activity.
It can be important for investors to follow current market trends and focus on strong altcoins. Expert opinions reveal the points that should be taken into consideration when shaping investment strategies.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
