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Ran Neuner, a closely followed analyst in the cryptocurrency market, has made a noteworthy prediction for the altcoin market. Neuner believes that a new altcoin supercycle may be starting in the market following the break of a technical trend that has been ongoing for approximately nine years.
Recently appearing on The Wolf of All Streets program, Run Neuer specifically discussed the Ethereum/Bitcoin ($ETH/$BTC) pair, stating that the technical breakout in this pair could be a significant signal for the altcoin market.
Nine-Year Trend Broken on the Ethereum/Bitcoin Front!
The analyst’s assessment of the altcoin cycle centers around the $ETH/$BTC chart.
At this point, the analyst notes that the $ETH/$BTC pair has significantly broken its downtrend, which has lasted for about nine years. According to Neuner, this development indicates that the long-term weakness of altcoins against Bitcoin may be beginning to end.
“On the weekly chart, after a 9-year downtrend, we are now seeing an upward breakout.”
Altcoin Opportunity May Be Bigger Than Bitcoin’s!
The analyst notes that altcoins may have higher return potential following Bitcoin’s rise.
In this context, the analyst argues that the recent movement in Bitcoin could be the beginning of a new bull market, but the real high-yield opportunity may lie in altcoins.
He Revealed the Altcoins He Owns!
The analyst first argues that in the new era, investors should focus not only on projects that were popular in the past, but also on blockchain projects that have real use cases and a growing user economy.
At this point, Neuer states that he holds Bitcoin, Ethereum, Solana, Hyperliquid, and several other altcoins.
Neuer also highlighted some altcoins. He specifically named Solana and Ethereum as the two winners of the L1 battle, stating, “I wouldn’t invest in any other L1 because I don’t think there’s any upside potential in L1s.”
The analyst also cited Hyperliquid, an altcoin, as one of the strongest active use cases in the crypto world, stating that he directly holds it due to its token economy and exchange functionality.
Neuer’s boldest individual opinion focuses on Zcash, a privacy-focused cryptocurrency that recently gained ETF support. He argued that Zcash could become a dominant form of private money.
Neuer said, “I think Zcash has the potential to go up 10 times, maybe even 100 times, from here.”
The analyst also highlights altcoins such as Lighter (LIT – his second-highest choice in the perpetual trading space), Bittensor (TAO – viewed as an AI investment in crypto), $NEAR Protocol ($NEAR – held due to its privacy connection with Zcash), and Ethena (ENA – included in his portfolio based on his stablecoin and bull market thesis).
*This is not investment advice.
Source: cryptonews.net