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With Ethereum (ETH) regaining the crucial $2,600 support level and Solana (SOL) nearing the $200 mark, the altcoin market is gaining momentum. The recent uptrend of memecoin PEPE adds to the bullish sentiment, setting the stage for other cryptocurrencies to capitalize on this market shift.
Market expert VirtualBacon recently shared insights on social media, identifying six altcoins to watch in the coming weeks that possess strong growth potential as the bull market continues to unfold.
Analyst Predicts Strong Momentum For Ethereum And Solana
VirtualBacon outlined a familiar structure for altseason, emphasizing that Bitcoin (BTC) typically leads the charge, followed by Ethereum and Solana, before larger-cap coins rotate into midcaps and meme tokens.
Currently, VirtualBacon notes that the market’s in the “large-cap breakout phase,” stressing the importance of ETH and SOL as critical leaders for sustaining momentum across the market.
The expert has reportedly shifted his investments significantly, selling off low-cap assets in favor of Bitcoin, Ethereum, Solana, and select large-cap tokens like Bittensor (TAO), SuperVerse (SUPER), and PEPE.
Since March, the performance of various altcoins has been noteworthy, with PEPE, TAO, and SUPER seeing gains of approximately 40%. A significant macroeconomic factor contributing to this positive outlook is the recent pause in US-China tariffs, which has alleviated market volatility and provided a liquidity boost.
In his analysis, VirtualBacon highlights Ethereum’s current position beyond $2,500, testing resistance levels, and suggests that traders should consider waiting for a pullback to around $2,100 for more strategic entry points. Solana, having recently peaked at $181, is also seen as a promising investment, with a reload zone identified between $140 and $150.
¿Algorand And IOTA Over XRP?
For those interested in retail Layer 1 (L1) exposure, VirtualBacon recommends Algorand (ALGO) and IOTA, citing their strong fundamentals and liquidity profiles. He emphasizes that these assets may offer better opportunities than XRP at this stage.
In the gaming sector, SUPER remains a standout due to its consistent development and upcoming rewards for stakers. VirtualBacon views it as a long-term hold and a top pick within the gaming cryptocurrency space.
He also identifies Bittensor’s TAO token as a significant player in the artificial intelligence (AI) crypto sector, noting its recent integration of subnets and tokens, positioning it as a strong contender for growth.
Memecoins are not overlooked either, with PEPE continuing its impressive rise from a $2 billion to a $5 billion market cap this month. VirtualBacon also points to PENGU, which captures crypto Twitter culture and is consolidating after its recent airdrop.
VirtualBacon maintains a cautious approach to real-world asset (RWA) hype coins, although he expresses confidence in Axelar (AXL) based on its solid fundamentals. He is also building a position in Chintai Network (CHEX), a regulated provider for real-world asset tokenization, which he describes as having strong infrastructure and a promising future.
Featured image from DALL-E, chart from TradingView.com
