Popular crypto analyst Xremlin emphasized: “Altseason 2024 > Altseason 2021. Your bags are headed to Valhalla.”
During the 2021 altcoin season, altcoins like Polygon (MATIC) and Solana (SOL) saw a staggering 300x surge, largely attributed to listings on Tier 1 centralized exchanges (CEX) like Binance and Coinbase, according to him. . “MATIC and SOL's 300x was driven by Tier 1 CEX listings. Binance/Coinbase listings = Billions in retail liquidity,” the crypto analyst commented.
The core of Xremlin's analysis revolves around the demonstrable impact that listings on major exchanges such as Binance and Coinbase have on the valuation of cryptocurrencies. According to the analyst, “these 8 altcoins are likely to be tradable there next → Pump 10-50x,” highlighting the potential for immediate and substantial price increases.
Listings often cause price increases ranging from 3 to 10 times the pre-listing value, mainly due to the vast user bases of these platforms interacting with the newly available tokens. Xremlin further clarified the critical role of liquidity for the long-term success of a cryptocurrency project, stating: “In the long term, having access to billions in liquidity is crucial to the success of a project.”
This perspective underscores the strategic advantage gained by listing on Tier 1 centralized exchanges (CEXs). Here is a detailed look at the altcoins highlighted by Xremlin:
Top 8 Altcoins Not Listed on Tier 1 crypto Exchanges
NGL (ENTREME): Operating as an omnichain infrastructure, Entanglefi aims to revolutionize the provision of data for smart contracts on any blockchain. With a current market capitalization of $232 million and trading at $1.96, its position as a Layer 1 (L1) protocol underlines its fundamental potential in the blockchain ecosystem.
ALPHA (ALEPHIO): Priced at $2.75 and with a market cap of $203 million, Alephium stands out as a Layer 1 blockchain solution that addresses critical accessibility, scalability, and security issues facing decentralized applications (dApps), according to the cryptanalyst.
RULE: As a memecoin designed to appeal to the general public, Normie has a market valuation of $120 million, with a price of $0.1237. Notably, Normie is based on Coinase's Base protocol, which is speculated to be set to replicate the success of Solana's memcoin craze.
CPOOL (CLEARPOOL): Clearpool distinguishes itself as a decentralized credit marketplace in the real-world asset (RWA) sector focused on providing single-borrower liquidity pools for institutional borrowers. It is currently valued at $140 million and its tokens are trading at $0.30.
BALL (WOLFWIFBALLZ): Inspired by a bold wolf, this memecoin is trading at $0.045 with a market capitalization of $45 million. BALLZ is trying to ride the wave of success of Solana memcoins, especially Dogwifhat (WIF).
IXS (EXCHANGE IX): Ix Swap offers a secure platform for trading real-world assets and security tokens, backed by licensed custodians and broker-dealers. With a market cap of $140 million and a current price of $0.8425.
MASS: Another meme-focused token, Degen, also operates on the Base chain and is currently priced at $0.01696, with a market capitalization of $211 million. Its appeal lies in the vibrant culture of cryptocurrency enthusiasts who identify with the “degen” lifestyle.
NMT (MENTENET): Netmind leverages blockchain technology to decentralize the computing power of ai models globally. Priced at $6.96 and with a market capitalization of $240 million, it aims to embody the cutting-edge intersection between artificial intelligence and blockchain.
At the time of this publication, @0x_gremlin's top pick, NGL, was trading at $1.87.
Featured image created with DALL·E, chart from TradingView.com
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