A widely followed crypto analyst says the next altcoin cycle is likely around the corner but notes that there may be a pullback first.
In a new strategy session, Nicholas Merten, the host of DataDash, tells his 511,000 YouTube subscribers that key indicators suggest the total market cap of all crypto assets sans the top two digital assets, Bitcoin (BTC) and Ethereum (ETH) (TOTAL3), is performing the best.
“Out of all of these metrics, all these indices that we track within crypto market cap and the different sectors of crypto – TOTAL3 – the real kind of altcoin space that is excluding Ethereum and Bitcoin, has been performing the best…
The more I look at this, I continue to believe that small caps – particularly the two sectors [of] Bitcoin-related infrastructure and meme coins – are the place to go…
Total three, while making a nice sizable move, is made up of a larger pool of altcoins, so we’ve got a lot of small midcaps that can make some much more substantial moves
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