- Crypto Tony Says Metaverse and GameFi Will Be Vital in Next Bull Cycle
- The analyst focuses on APE, MANA, PYR, SAND, AXS, ILV, ALICE and RLB.
- Tony’s followers also focus on PLD, SENSO, DYP, BOMMER, WILD, DONS and ZIL.
Metaverse and GameFi will be crucial in the next bull cycle, says crypto and NFT investor Crypto Tony. In a recent tweet, Tony shared with his followers that his focus is on APE, MANA, PYR, SAND, AXS, ILV, ALICE, and RLB.
Tony is a cryptocurrency intraday trader and analyst known for his regular posts and trading alerts. He is known for sharing chart screenshots of his analysis, telling his followers about his plans and offering them precise trading targets.
In the recent tweet revealing the altcoins he’s on the lookout for, Tony urged his followers to mention other tokens they think will participate in the anticipated rally of the next bull cycle. Tokens listed include PLD, SENSO, DYP, BOMMER, WILD, DONS, and ZIL.
A closer look at the tokens proposed by Tony’s followers shows that they are predominantly tokens with relatively small market caps and tokens with large communities. These two factors are among the basic indicators that traders consider when speculating in the altcoin market, especially during periods of expected volatility.
Many crypto users are expecting a bull cycle to kick in soon given how close we are to another Bitcoin halving. Historically, the halving event triggers market volatility and generates general bullish momentum that propels many cryptos to new price levels. The duration of the event is usually several months on either side of the actual halving date.
While past performance is no guarantee of future results, users still anticipate that a bull cycle is imminent, especially considering how the crypto market performed in early 2023.
Bitcoin surged from the first day of the year, gaining over 80% during the rally. The price surge dragged the rest of the market with it and slowed in what several analysts are seeing as a consolidation. Tony expects the bull market to continue and the altcoins he lists to play an important role by starting recognizable rallies.
The post “Crypto Analyst: Metaverse, GameFi Crucial to Next Bull Cycle” appeared first on Coin Edition.
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