A popular crypto analyst is predicting a big year for certain crypto assets, while others might be left behind.
Bitcoin, Memes, and Winning Alts
The InvestAnswers host believes that Bitcoin (BTC) will lead the charge, followed by meme coins and “winning altcoins.” He’s warning investors that many other crypto projects are unlikely to recover and could simply die off.
Dead Coins Won’t Recover
The analyst says that any crypto that’s more than 60% away from its all-time high is unlikely to ever reach those highs again. He advises investors to cut their losses and move on from these “dead coins.”
“If you’re holding onto those dead coins and hoping to get back what you paid for them, it’s not going to happen,” he said. “You’re stuck. It’s time to pull the trigger and get out.”
The Bottom Line
This analyst believes that the crypto market is likely to see a significant rally, but only a select few will benefit. He’s urging investors to be careful and do their research before investing in any crypto assets.
