The hunt for the next big altcoin before it surges is a challenge faced by many crypto enthusiasts. In a recent episode of Market Talks, crypto expert Lark Davis gave insights into how he finds the hidden gems in the crypto world. With millions of followers on social media platforms like Twitter and YouTube, Davis has been actively involved in the world of cryptocurrency since 2017.
When analyzing altcoins, Davis has some specific assessment criteria in mind – this helps him determine their potential to achieve significant growth and compete with the likes of ETH and BTC. However, as of now, Davis doesn’t foresee BTC reaching a new all-time high in 2023. Instead, he believes there might be some major events or catalysts that can propel the coin on an upward trajectory and lay the groundwork for new all-time highs. His price targets for 2023 and 2024 remain undisclosed but are eagerly anticipated by crypto enthusiasts.
Crypto market conditions are constantly evolving, often influenced by factors such as regulation, lawsuits, development, and experiments in the space. Throughout these changes, Davis stresses the importance of staying informed and adapting strategies accordingly for both new and experienced crypto investors. In this ever-changing landscape, it is essential for enthusiasts to remain vigilant and explore various aspects of the market to stay ahead of the curve.
One notable aspect that has recently gained attention is the U.S. regulatory crackdown on exchanges like Coinbase and Binance. This has led to a decline in market capitalization for stablecoins, such as USD Coin (USDC). Favored stablecoin Tether (USDT), on the other hand, has managed to grow its market share. As a result, crypto investors should closely monitor developments on the regulatory front as they have the potential to significantly impact market dynamics.
To make informed investment decisions, Davis emphasizes the importance of understanding the unique factors that drive individual altcoins, as well as keeping an eye on the broader market. By remaining adaptable and leveraging expert insights, enthusiasts may have a better chance of finding the next big altcoin and potentially capitalize on its growth.
Ultimately, the future of altcoins is uncertain and predicting their potential success remains a challenge. However, seeking guidance from experts like Davis and staying informed and adaptable in this dynamic and rapidly evolving market could be the key to uncovering the next big crypto gem.
Source: Cointelegraph
