GreatBTC, a trader in the space, says the crypto market is in the midst of what he calls an “odd coin season.” It is a time when meme coins and other obscure altcoins put on a dramatic showing, despite their lack of solid fundamentals. Such rallies in these unorthodox assets have seasoned players on the lookout for new prospects or whipsaw trends.
GreatBTC’s Take on Odd Coin Season
GreatBTC, a veteran of the crypto world with over ten years of experience, appeared on the most recent installment of Crypto Hustle to share his view on where the market is heading. The seasoned trader contends that we are in an odd coin season, one that opens up opportunities for considerable returns in meme coins and other altcoins that do not command the spotlight. In his assessment, what is fueling these rallies is less about strong fundamentals and more about sentiment and speculation.
He made a point of cautioning against writing off dormant coins. There is a case to be made for explosive action from them, he says, as any investor who has been around for a few cycles will know: these types of altcoins have a way of making a sudden move and taking people by surprise.
Zcash and Arbitrum: Eyes on New Highs
Pointing to Zcash (ZEC) as a case in point, GreatBTC highlighted the coin to illustrate the prevailing trend. In his assessment, the fact that ZEC has regained the price it held in 2017 is an encouraging sign for the rest of the altcoin market and could well be the catalyst for fresh momentum.
He was equally bullish on Arbitrum (ARB), forecasting a run that would see it not just return to its all-time high but possibly achieve a 10x move or better from where it stands today. It is a bold position to take, but one born of the belief that when liquidity and fervor pour into the altcoin space, an odd coin season has the capacity to drive certain assets into uncharted waters.
Ondo and the Power of Partnerships
Ondo is one of the newer names to have come to GreatBTC’s attention, in no small part because of the products it has launched with the backing of BlackRock. He sees the potential for Ondo to hit the $10 mark if the bull market keeps up its pace, which would be a notable achievement for such a young project. In his view, the kind of strategic partnerships they have forged are what set them apart from the rest of the altcoins still in their formative stages and could well underpin their growth.
Strategy and Positioning in a Volatile Market
GreatBTC is of the opinion that one should build up a holding in projects that have both sound fundamentals and a compelling story, regardless of any current lack of movement. It is an odd coin season after all, and there is much speculation to be had. To navigate the volatility, he makes use of leverage and an assortment of strategies when trading on OKX or Kashi Perps.
In terms of what he is long on at the moment, the trader has disclosed his positions in Edda and Monero among others, and encourages his followers to track his activity for timely insight. He anticipates the coming weeks will bring their share of distinctive opportunities for anyone prepared to make a move as this season plays out.
This article reflects the channel author’s opinion and is not investment advice.
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Source — Crypto Hustle: https://www.youtube.com/watch?v=be1Slbqml6o
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