Welcome to this week’s analysis on which altcoins are performing well and which ones are not. You can view the list here:
Bitcoin Update
The broader market is having a correction and Bitcoin is along for the ride. It looks like it’s sideways between 113,500 and 122,000 and then higher.
Ethereum Update
Ethereum is having a correction too. With this first correction near all-time high, we could start to see more liquidity flow into mid caps and small caps as I shared from this chart in the previous newsletter. Quality altcoins will be key to taking advantage of this.
We could see a new all-time high in ETH this month.
Solana Update
Solana is still around the same level as last week. I think it will test the $200 level again and likely break through that to around the $250 level next.
This is very much a “calm before the storm” moment where Solana vs. Bitcoin has quietly crossed above MA200 and as long as it holds here, I think we’re about to witness a surge higher similar to what we saw in the second half of 2024.
Dogecoin Update
I think Dogecoin is still getting ready for a parabolic move. Just a bit more chop first before higher.
Sui Update
Sui is going sideways too with the rest of the market (surprise). I’m still expecting higher so patience.
Large Caps
For large caps, here’s the ones that stand out on a long term timeframe:
- XRP
- Hedera
- Sui
- Stellar
Pepe is still chopping here but I’m expecting higher with this one too soon. Patience is the name of the game.
Model Portfolio Update
The open positions is showing a positive return of roughly 25%:
The overall portfolio performance considering closed positions is roughly a 10% positive return:
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