CryptoQuant Founder Predicts Future Altcoin Bull Run with Key Metrics Analysis

  • CryptoQuant’s founder, Ki Young Ju, recently made predictions about when the next crypto rally could commence using various metrics.
  • Ju’s analysis involved the Annual Cumulative Buy/Sell Order Volume Difference metric for altcoins, highlighting a significant detail about market movements.
  • Ju noted that whales tend to prefer limit orders, suggesting that rising levels in this metric indicate future strong demand for altcoins among major crypto investors and institutions.

Discover the potential timeline for the next crypto rally, as analyzed by expert Ki Young Ju using key market metrics.

Analyzing the Annual Cumulative Buy/Sell Order Volume Difference for Altcoins

Ki Young Ju’s insights leverage a metric that measures the difference between buy and sell limit orders over an annual timeframe. This metric reveals that major investors, often termed “whales,” favor these types of orders. Observing a rising trend in this metric implies that whales are placing significant buy orders, potentially signaling robust future demand for specific altcoins.

Potential Altcoins to Watch Based on Future Purchase Orders

According to CryptoQuant’s founder, several altcoins could experience an uptick due to an increase in future purchase orders. These include Solana (SOL), Polygon (MATIC), Cardano (ADA), Cosmos (ATOM), PancakeSwap (CAKE), My Neighbor Alice (ALICE), Ampera (AMP), Ankr Protocol (ANKR), and Chilliz token (CHZ). The analysis suggests that these altcoins are positioned to benefit from significant investor interest.

Current Shortcomings in Purchase Orders for Certain Altcoins

On the other hand, Ju noted that some altcoins are currently lacking in purchase order momentum. Altcoins such as XRP, Chainlink (LINK), Binance token (BNB), Compound Finance (COMP), Bancor Network (BNT), and Aave (AAVE) have not shown significant increases in buy orders, indicating a potential lack of demand in the near term

Insights from Analyst Jamie Coutts on the Altcoin Market

Crypto analyst Jamie Coutts also recently shared predictions about the altcoin market. Coutts referred to the Top 200 Equal Weight Index, which tracks the price performance of the top 200 altcoins by market cap relative to Bitcoin (BTC). According to Coutts, this index suggests that an altcoin rally could be imminent as the metric stands between 10-20%.

Conclusion

In summary, according to Ki Young Ju’s analysis using the Annual Cumulative Buy/Sell Order Volume Difference metric, significant future demand for select altcoins could drive a market rally. While some altcoins are currently showing strong future purchase order activity, others lag behind. Crypto analyst Jamie Coutts further supports the possibility of an altcoin surge, highlighting broader market indices. Investors should closely monitor these metrics and developments to make informed decisions.

Don't forget to enable notifications for our Twitter account and Telegram channel to stay informed about the latest cryptocurrency news.

BREAKING NEWS

Massive BTC ETF Outflows and Market Fear: Key Insights on Bitcoin’s Struggle Below $84,000

In a significant development this week, Deribit's Asia-Pacific Business...

21Shares to Liquidate Bitcoin ETFs Amid Market Downturn: Last Trading Day on March 27th

21Shares, a prominent player in cryptocurrency asset management, has...

Whale Withdraws 365,000 AUCTION Tokens from Binance, Signaling Potential Price Volatility

On March 16th, COINOTAG reported significant activity in the...

WLFI Expands Its DeFi Portfolio with Significant AVAX and MNT Acquisitions Amidst Market Challenges

According to recent reports from COINOTAG on March 16th,...

Spot Bitcoin ETF Net Inflows Plummet: A Deep Dive into February and March Trends

The latest data from COINOTAG indicates a concerning trend...
spot_imgspot_imgspot_img

Related Articles

spot_imgspot_imgspot_imgspot_img

Popular Categories

spot_imgspot_imgspot_img