Welcome to this week’s analysis on which altcoins are performing well and which ones are not. You can view the list here:
Product Update
One of the benefits of being a Pro member is you get to provide feedback and shape the future of the Altcoin Screener Pro service. One such enhancement we introduced based on Pro member feedback is we expanded the screener algorithm from looking at the top 200 market cap coins now to the top 300. As we progress more into alt season, more money will flow into smaller caps so by expanding into the top 300, we now can potentially catch those opportunities even earlier before they rank higher on the market cap leaderboard.
Bitcoin vs. Altcoins in Late 2020
I was looking at previous cycles to see how the next couple months will play out in more detail. Many are concerned alt season is not coming or things will top out sooner that expected. The data from past cycles shows everything is still on track for an alt season. Based on my Bitcoin Seasonality Index along with central bank liquidity, there is a potential local top coming in January 2025. I looked at late 2020 through early 2021 as a reference point on what could play out. It will be a bumpy rally for the next month or so but everything looks to be ultimately going higher. Bitcoin Dominance has already shown that it is potentially peaking for the last couple weeks as it broke below its multi-year trendline (see last week’s newsletter for more details). This is a good sign that alt season is just around the corner. But what happens to altcoins when Bitcoin does its potential correction in January 2025? The data shows that altcoins will have a correction with Bitcoin but it won’t be a slaughter that many are expecting. In fact from the previous cycle in early 2021, when Bitcoin dropped 30%, altcoin mid caps and smaller, in general, also dropped 30%. Also while Bitcoin went sideways, altcoins recovered faster and went higher while Bitcoin Dominance dropped. I am expecting something similar to happen in January 2025.

Large Caps
The Large Cap list is continuing to grow as more money has flowed recently into larger coins.
For large caps, here’s the ones that stand out on a long term timeframe:
- Pepe
- Sui
- Dogecoin
- XRP
- Stellar
- Hedera
We identified Pepe as a buying opportunity in the Pro newsletter on September 15, 2024 and is now up 250%. At the time, it was showing signs of longer term outperformance with short term weakness in price and we seized the opportunity. Now it’s paying off. Pepe is outperforming Solana in the past 365 days by 388% and in the last 180 days by 38%. It’s unfortunately not in a good buy zone at the moment.
Next we have Sui which is another coin we identified early on in the Pro newsletter on September 15, 2024 and is now up 275%. It is outperforming Solana in the past 365 days by 92% and in the last 180 days by 174%. It’s also not in a good buy zone at the moment.
Dogecoin is still consolidating above $0.40 and remains in a strong uptrend and we think it will continue through the end of the year. It is outperforming Solana in the last 365 days by 39% and by 109% in the last 180 days. The buy zone is closing for this.
The remaining coins are XRP, Stellar and Hedera. These are multi-cycle coins that have underperformed for most of this current cycle but have started showing recent outperformance. I am cautious because these types of coins tend to not perform well for the remainder of the cycle vs. newer coins that have shown much higher recent outperformance for an extended period of time. My stance on them will change if they manage to make new all-time highs and continue to show bullish momentum. However, I still think the gains on these will be limited and there will be better opportunities elsewhere.
Here’s the ones that stand out on a short term timeframe:
- Hedera
- Stellar
- XRP
- Dogecoin
- Sui
XRP, Stellar and Hedera make the short term list also but again I’m cautious on these for the reasons mentioned earlier.
Dogecoin is outperforming Solana in the last 30 days by 93% and in the last 90 days by 157%. Sui is outperforming Solana in the last 30 days by 51% and in the last 90 days by 148%.
My analysis on Stellar still remains. With this most recent monthly close, it was unable to close above 0.54 so I would still wait for a pullback. You could look for a buy between 0.19 and 0.28 if there is a pullback. If the monthly breaks above 0.54 then you could buy the retest. I will mention again that legacy coins like Stellar, XRP and Hedera have been underperforming for most of this cycle up until now so they do not present a high chance of exceptional performance. For this reason, we do not plan on adding legacy coins like this to the model portfolio so pursue at your own risk.

Here’s also the XRP chart for comparison and you can see that it has a very similar pattern to Stellar where it has been underperforming for most of this cycle and had a recent surge in price. We have to see how this plays out but the Altcoin Screener algorithm tends to find that newer coins (ones created since 2022) will outperform legacy coins (ones created before 2022). If the monthly can close above 1.98 for XRP than this could indicate a new uptrend is forming otherwise it is still in the same range it’s been in since 2018.

Model Portfolio Update
The model portfolio continues to do well and is up 75% now.

We identified some good “buy the dip” opportunities in some of the model portfolio positions.
To see the complete portfolio, sign up and become a pro today and gain an edge in the crypto market.
Not financial advice. Please consult a financial advisor before making any investment decisions.
