Top 15 Crypto Coins for BIG Gains (Bitcoin to $150k)

Altcoin Daily
2 Jul 202410:59

Summary

TLDRExpert analyst Tom Lee advises that the current crypto market downturn is an ideal time to invest, anticipating a rebound with Bitcoin's upcoming distribution changes. He highlights Ethereum's upcoming ETF and decreasing supply on exchanges as bullish indicators. Lee also discusses the potential of altcoins with upcoming spot ETFs and regulated futures, such as Chainlink, Polkadot, Avalanche, and Shiba Inu. Additionally, he mentions projects like Propy, focusing on real estate tokenization, and Injective Protocol's innovative tokenomics. Other notable picks include AIT Protocol for AI infrastructure, Lime Wire for its meme coin potential, and Foxy for its undervalued status. The summary also touches on XCAD, Bonsai, and Superverse for their unique offerings in social finance, web 3 development, and gaming respectively.

Takeaways

  • 📉 The crypto market is currently experiencing a downturn, but the expert analyst Tom Lee believes it's a good time to take positions.
  • 🚀 Tom Lee predicts that Bitcoin could still reach $150,000 by the end of 2024, despite the current market conditions.
  • 🔄 Bitcoin is facing an overhang due to the Mt. Gox distributions starting in July, but this could lead to a sharp rebound in the second half of the year.
  • 🛍️ Historically, after Bitcoin breaks its all-time highs, it's considered a good time to buy altcoins from a risk-reward perspective.
  • 🤔 The speaker has noticed an unusual bearish sentiment towards Ethereum, despite the upcoming launch of an Ethereum ETF which could potentially boost its value.
  • 📉 Both Bitcoin and Ethereum supplies on exchanges are decreasing, which could indicate an upcoming bullish trend due to increased institutional and retail demand.
  • 📈 The speaker is bullish on any coin that gets a spot ETF in the US, as it signifies institutionalization and regulatory compliance.
  • 🔗 Coinbase is set to launch CFTC-regulated futures for five altcoins, which could pave the way for future spot ETFs.
  • 🏠 Propy is making a list for its work in tokenizing real estate and its use of blockchain to secure and simplify the home buying process.
  • 🔒 Cody is highlighted for its focus on privacy within the Ethereum network, with Vitalik Buterin acknowledging privacy as a key issue for Ethereum.
  • 🔥 Injective Protocol is gaining attention for its dynamic supply mechanisms and token burn systems, making it a top pick for the bull market.

Q & A

  • What does Tom Lee believe about the current state of the crypto market?

    -Tom Lee believes that despite the severe cool off, now is the best time to take out positions in the crypto market.

  • What does the speaker think about Bitcoin's situation in relation to the upcoming July distributions?

    -The speaker suggests that Bitcoin is currently suffering from the overhang due to the upcoming distributions in July, but also sees it as a reason to expect a sharp rebound in the second half of the year.

  • What is the speaker's opinion on the Ethereum ETF and its potential impact on the market?

    -The speaker is bullish on Ethereum due to the upcoming launch of the Ethereum ETF, which they believe is getting zero attention and could lead to a significant market turnaround.

  • What is the significance of the decreasing supply of Bitcoin and Ethereum on exchanges?

    -The decreasing supply on exchanges indicates a potential increase in demand, which could drive up the prices of both cryptocurrencies.

  • Why is the speaker bullish on coins that get a spot ETF in the US?

    -The speaker is bullish on such coins because getting a spot ETF in the US signifies institutionalization and increased demand, which often leads to price appreciation.

  • What is the connection between regulated Futures contracts and the approval of Bitcoin and Ethereum ETFs?

    -The approval of Bitcoin and Ethereum ETFs was facilitated by the existence of regulated Futures contracts, which offer enhanced transparency, regulatory oversight, and risk management capabilities.

  • Why does the speaker include Chainlink, Polkadot, Avalanche, and Shiba Inu in their list of coins to watch?

    -These coins are included because Coinbase is set to launch CFTC-regulated futures for them starting on July 15th, which could lead to increased institutional and retail demand.

  • What is special about Propy and Propy Keys in the context of the real estate sector?

    -Propy and Propy Keys are special because they use a decentralized title registry and an escrow settlement protocol to eliminate fraud and simplify the home buying process, while also securing buyers' and sellers' private information.

  • Why is the speaker interested in the future of tokenizing real-world assets, specifically mentioning Propy Keys?

    -The speaker is interested because Propy Keys is making significant progress in tokenizing real estate, with notable listings like Grant Cardone's $42 million property, and its use of blockchain technology to revolutionize the real estate sector.

  • What is the significance of the Injective Protocol and its 3.0 upgrade?

    -The Injective Protocol's 3.0 upgrade is significant because it enhances the token economic design, driving deflationary acceleration and propelling a thriving crypto ecosystem by mastering supply-side dynamics and demand-side management.

  • Why does the speaker consider AIT Protocol as a good investment?

    -The speaker considers AIT Protocol a good investment because it is an AI crypto play with a focus on decentralized AI, consistent token burns, and sustainable tokenomics.

  • What makes the speaker bullish on Foxy as a meme coin?

    -The speaker is bullish on Foxy because it is on a layer two for Ethereum called Linea, has a relatively low market cap, a large number of holders and Twitter followers, and is considered undervalued.

  • What is the potential of XCAD in the context of social finance ecosystems?

    -XCAD has potential as it allows creators to tokenize themselves and users to earn tokens through watch-and-earn plugins, with partnerships with big content creators amassing a large combined subscriber count.

  • Why does the speaker include Bonsai in their list of coins to watch?

    -Bonsai is included because it offers no-code solutions for AI, real-world assets, and crypto, and is considered the WordPress of web 3, making it a valuable tool in the crypto space.

  • What is the significance of Superverse and its Super token in the gaming industry?

    -Superverse and its Super token are significant because they represent the next generation of gaming, uniting many crypto games and making gaming economies and mass adoption possible through the use of the Super token.

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