Technical analyst JD, known within the crypto community for identifying lucrative investment opportunities, has revealed a selection of 12 altcoins he deems capable of delivering up to a 1000% increase in value during the upcoming bull market.
This curated list includes a mix of established cryptocurrencies like XRP, Shiba Inu (SHIB), and Cardano (ADA), alongside lesser-known projects.
Read Also: Hundreds of Millions of XRP Moved by Binance Sparks XRP Price Resurgence
JD’s confidence in these altcoins stems from his track record. He has recommended many tokens that have produced substantial returns. He highlights past recommendations that have yielded gains ranging from 400% to an extraordinary 3300%.
The analyst believes his latest picks could give investors similar outsized gains during the highly anticipated altcoin season.
While JD hasn’t provided a detailed rationale for his selections, let’s delve into the compelling potential of these leading altcoins:
XRP: According to data from CoinMarketCap, XRP’s price is currently at $0.5824, a surge between 400%-1000% aligns with other market analysts forecasting XRP to reach $5 to $10. This bullish sentiment reinforces JD’s optimistic outlook.
Shiba Inu (SHIB): Trading at $0.00002606, JD envisions a price range of $0.00011448 to $0.0002862. These ambitious targets draw some historical precedent from SHIB’s 2021 peak price.
Cardano (ADA): At $0.6294, a 1000% increase aligns with analyst Ali Martinez’s projection of $8. Ali’s analysis draws upon ADA’s past price patterns, suggesting the potential for another significant rally.
Read Also: What History Says About Shiba Inu (SHIB) April Performances. Bullish or Bearish? Details
Beyond these headliners, JD’s list includes a diverse range of projects: Polkadot (DOT), Chainlink (LINK), Dogecoin (DOGE), Verasity (VRA), Curve DAO (CRV), Hedera (HBAR), and Oasis Network (ROSE). In the meme coin sector, JD highlights PEPE and Solana’s BONK as potential contenders alongside Shiba Inu (SHIB).
It is crucial to remember that cryptocurrency investments come with inherent risks. Before investing, conducting thorough independent research and exercising financial prudence are paramount. While analysts can offer valuable insights, their predictions should not be taken as a guarantee of future outcomes.
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HO CHI MINH, Vietnam, 17th November 2024, Chainwire
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