The biggest bull market of our lives has just started.
After 1000+ hours of research during the bear market, I present my top picks.
Here is my bullish shortlist for 2024.
🧵
After 1000+ hours of research during the bear market, I present my top picks.
Here is my bullish shortlist for 2024.
🧵
The foundation of your portfolio should always consist of BTC and ETH.
However, as BTC dominance tops out, we can expect altcoins to start outperforming (capital rotation).
This thread will outline my top altcoin picks heading into 2024 and a full deep dive on each.
However, as BTC dominance tops out, we can expect altcoins to start outperforming (capital rotation).
This thread will outline my top altcoin picks heading into 2024 and a full deep dive on each.
I have categorised as follows:
• Large Cap - Above $5b
• Mid Cap - $1b - $5b
• Small Cap - $200m - $1b
• Micro Cap - Below $200m
A diversified portfolio should include projects of all sizes.
The % allocated to each category will depend on your personal risk tolerance.
• Large Cap - Above $5b
• Mid Cap - $1b - $5b
• Small Cap - $200m - $1b
• Micro Cap - Below $200m
A diversified portfolio should include projects of all sizes.
The % allocated to each category will depend on your personal risk tolerance.
-Large Caps-
1. Chainlink $LINK
Bullish catalysts:
• Industry standard oracle
• Chainlink Staking
• Chainlink economics 2.0
Risks/ Bearish:
• Tokenomics & revenue capture
• Sell pressure from team
Chainlink has the potential to become the Google of Crypto.
1. Chainlink $LINK
Bullish catalysts:
• Industry standard oracle
• Chainlink Staking
• Chainlink economics 2.0
Risks/ Bearish:
• Tokenomics & revenue capture
• Sell pressure from team
Chainlink has the potential to become the Google of Crypto.
-Mid Caps-
2. Cosmos $ATOM
Bullish catalysts:
• Airdrop for fork $ATOM1
• Projects building on IBC
• Network effects
Risks/ Bearish:
• Which fork will succeed?
• Revenue capture
• Fractured community
Will the forking of the Cosmos Hub be bullish or bearish?
2. Cosmos $ATOM
Bullish catalysts:
• Airdrop for fork $ATOM1
• Projects building on IBC
• Network effects
Risks/ Bearish:
• Which fork will succeed?
• Revenue capture
• Fractured community
Will the forking of the Cosmos Hub be bullish or bearish?
3. THORChain $RUNE
Bullish catalysts:
• Huge growth in DEX vol
• Native swaps (no bridging)
• Borrowing & lending
Risks/ Bearish:
• Big pump already (upside)
• Competitors
The RUNE flywheel is in full effect as volumes continue to surge on the platform. Bullish.
Bullish catalysts:
• Huge growth in DEX vol
• Native swaps (no bridging)
• Borrowing & lending
Risks/ Bearish:
• Big pump already (upside)
• Competitors
The RUNE flywheel is in full effect as volumes continue to surge on the platform. Bullish.
4. Bittensor $TAO
Bullish catalysts:
• Decentralised AI
• Growing sub-nets
• AI adoption/ growth
Risks/ Bearish:
• High operating expenses
• Intense competition
A fascinating project that has already had a huge pump in 2023. I think it could be one of the top AI plays.
Bullish catalysts:
• Decentralised AI
• Growing sub-nets
• AI adoption/ growth
Risks/ Bearish:
• High operating expenses
• Intense competition
A fascinating project that has already had a huge pump in 2023. I think it could be one of the top AI plays.
5. Injective $INJ
Bullish catalysts:
• Institutional adoption
• Bullish token burns
• Ecosystem & integrations expanding
Risks/ Bearish:
• Competition (order books)
• Already pumped in price
Injective has been one of the best performers this year- up nearly 1,000%.
Bullish catalysts:
• Institutional adoption
• Bullish token burns
• Ecosystem & integrations expanding
Risks/ Bearish:
• Competition (order books)
• Already pumped in price
Injective has been one of the best performers this year- up nearly 1,000%.
6. Arbitrum $ARB
Bullish catalysts:
• Leading Layer 2
• Adoption skyrocketing (TVL)
• Arbitrum STIP
Risks/ Bearish:
• zk/ op competition
• Future unlocks/ circulating supply
ARB is still my favorite L2 play and I think it continues to do well in the bull.
Bullish catalysts:
• Leading Layer 2
• Adoption skyrocketing (TVL)
• Arbitrum STIP
Risks/ Bearish:
• zk/ op competition
• Future unlocks/ circulating supply
ARB is still my favorite L2 play and I think it continues to do well in the bull.
7. Maker $MKR
Bullish catalysts:
• RWAs (treasury yield)
• Potential token split
• DAI growth
Risks/ Bearish:
• Depeg risks
• Regulatory
Maker is a money printing machine, earning yield from Treasuries and growing adoption of decentralised finance.
Bullish catalysts:
• RWAs (treasury yield)
• Potential token split
• DAI growth
Risks/ Bearish:
• Depeg risks
• Regulatory
Maker is a money printing machine, earning yield from Treasuries and growing adoption of decentralised finance.
-Low Caps-
8. Frax $FXS
Bullish catalysts:
• Growth of RWA/ LST
• DeFi ecosystem (holy trinity)
• Fraxchain (L2)
Risks/ Bearish:
• Regulation (Stables)
• USDC reliance
Bullish on FXS- they seem to have a long term view and are creating an ecosystem of cool products.
8. Frax $FXS
Bullish catalysts:
• Growth of RWA/ LST
• DeFi ecosystem (holy trinity)
• Fraxchain (L2)
Risks/ Bearish:
• Regulation (Stables)
• USDC reliance
Bullish on FXS- they seem to have a long term view and are creating an ecosystem of cool products.
9. Rollbit $RLB
Bullish catalysts:
• Gambling (degens)
• Pumpamentals
Risks/ Bearish:
• Centralization
• A large % of user deposits on Rollbit
• Lack of audit documentation
• Regulatory compliance
Rollbit has its risks, but it is perfectly positioned for bull markets.
Bullish catalysts:
• Gambling (degens)
• Pumpamentals
Risks/ Bearish:
• Centralization
• A large % of user deposits on Rollbit
• Lack of audit documentation
• Regulatory compliance
Rollbit has its risks, but it is perfectly positioned for bull markets.
10. GMX $GMX
Bullish catalysts:
• Revenue generation
• Perp DEXs growing
• Real yield
Risks/ Bearish:
• A lot of competition
• GLP risk
GMX has under performed some of the other coins on this list in 2023. Could be a sleeping giant with huge upside as it catches up.
Bullish catalysts:
• Revenue generation
• Perp DEXs growing
• Real yield
Risks/ Bearish:
• A lot of competition
• GLP risk
GMX has under performed some of the other coins on this list in 2023. Could be a sleeping giant with huge upside as it catches up.
11. Kujira $KUJI
Bullish catalysts:
• Sonar wallet
• Strong tokenomics
• FIN upcoming perps & margin trading
Risks/ Bearish:
• Large pump already
• Revenue generation
Kujira is already up 500% this year and is one of my favourite projects. A real phoenix from the ashes.
Bullish catalysts:
• Sonar wallet
• Strong tokenomics
• FIN upcoming perps & margin trading
Risks/ Bearish:
• Large pump already
• Revenue generation
Kujira is already up 500% this year and is one of my favourite projects. A real phoenix from the ashes.
-Micro Cap-
12. Pendle $PENDLE
Bullish catalysts:
• Innovative yield tokenisation
• LSDFi
• Strong adoption
Risks/ Bearish:
• Regulatory
• Low m/cap project
Pendle is a great project and a very unique product. Good market fit and I expect good things from this team.
12. Pendle $PENDLE
Bullish catalysts:
• Innovative yield tokenisation
• LSDFi
• Strong adoption
Risks/ Bearish:
• Regulatory
• Low m/cap project
Pendle is a great project and a very unique product. Good market fit and I expect good things from this team.
13. Radiant $RDNT
Bullish catalysts:
• Live on Ethereum
• STIP grant- ARB directed to fresh dLP lockers
• LayerZero narrative
Risks/ Bearish:
• Token unlocks
• Competitors (lending)
A lot of potential in the omni chain lending space and Radiant has a real edge.
Bullish catalysts:
• Live on Ethereum
• STIP grant- ARB directed to fresh dLP lockers
• LayerZero narrative
Risks/ Bearish:
• Token unlocks
• Competitors (lending)
A lot of potential in the omni chain lending space and Radiant has a real edge.
14. Magpie ecosystem- Penpie ($PNP), Radpie ($RDP), Campie
Bullish catalysts:
• Optimised yield
• Innovative sub-DAOs
Risks/ Bearish:
• Reliance on other projects
• Very low m'cap
Disclaimer: I am an ambassador for these projects and have a token allocation.
Bullish catalysts:
• Optimised yield
• Innovative sub-DAOs
Risks/ Bearish:
• Reliance on other projects
• Very low m'cap
Disclaimer: I am an ambassador for these projects and have a token allocation.
15. THENA $THE
Bullish catalysts:
• BNB chain growth
• ALPHA perps
• Expert trading mode
Risks/ Bearish:
• Early stage/ low m/cap
• Circulating supply/ emissions
Not great price action on this project but bullish fundamentals (volume, revenue, market fit).
Bullish catalysts:
• BNB chain growth
• ALPHA perps
• Expert trading mode
Risks/ Bearish:
• Early stage/ low m/cap
• Circulating supply/ emissions
Not great price action on this project but bullish fundamentals (volume, revenue, market fit).
16. Good Entry $GOOD
Bullish catalysts:
• TGE launch sold in <1m
• Innovative perps DEX
• Strong team/ community
Risks/ Bearish:
• Very early stage project
• Low liquidity
Disclaimer: I am an ambassador for this project and have a token allocation. Very bullish.
Bullish catalysts:
• TGE launch sold in <1m
• Innovative perps DEX
• Strong team/ community
Risks/ Bearish:
• Very early stage project
• Low liquidity
Disclaimer: I am an ambassador for this project and have a token allocation. Very bullish.
17. Clip Finance $CLIP
Bullish catalysts:
• Yield on stablecoins
• Innovative solution
• Strong team/ community
Risks/ Bearish:
• Very early stage project
• Low liquidity
Disclaimer: I am an ambassador for this project and have a token allocation.
Bullish on Clip.
Bullish catalysts:
• Yield on stablecoins
• Innovative solution
• Strong team/ community
Risks/ Bearish:
• Very early stage project
• Low liquidity
Disclaimer: I am an ambassador for this project and have a token allocation.
Bullish on Clip.
We are in the early stages of the next bull market and the timeline is vibing.
No-one can now the exact moves of the market but I have a strong conviction that if you work hard over then next few years, you will be hugely rewarded.
No-one can now the exact moves of the market but I have a strong conviction that if you work hard over then next few years, you will be hugely rewarded.
During bull markets, narratives shift rapidly, and projects that were once highly regarded can quickly be forgotten.
Therefore, it is crucial to remain agile and adapt to the market conditions.
As always, please DYOR on the projects I have listed. This is NFA.
Therefore, it is crucial to remain agile and adapt to the market conditions.
As always, please DYOR on the projects I have listed. This is NFA.
What do you think of my shortlist? Which projects have I missed?
Tagging some chads for the culture:
@rektdiomedes
@Dynamo_Patrick
@zerototom
@NickDrakon
@drakeondigital
@crypto_linn
@DeFi_Made_Here
@crypthoem
@ThorHartvigsen
@LouisCooper_
@milesdeutscher
Tagging some chads for the culture:
@rektdiomedes
@Dynamo_Patrick
@zerototom
@NickDrakon
@drakeondigital
@crypto_linn
@DeFi_Made_Here
@crypthoem
@ThorHartvigsen
@LouisCooper_
@milesdeutscher
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→ RT the first tweet to share it with others.
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