A popular crypto trader is outlining three altcoins he thinks could surge higher in price than “older generation” digital assets during the ongoing market cycle.
In a new YouTube video, Jason Pizzino tells his 309,000 subscribers that a good guideline for betting on altcoins is to avoid sinking money into projects from previous cycles.
“When you look at things from the old school, they don’t seem to have the same sort of sticking power or pumpable power as they once did. So if you’re looking for stuff that is going to give you bigger gains, one easy rule of thumb is to stay away from a lot of the old crap, although they may do some pumps, you want to go for the stuff that has more pumpability.Â
What are those cryptos? There are a lot of them. We could throw things up like Render – it has had some pretty good moves to the upside. There’s been a lot of talk around TIA. There’s been a lot of talk around SUI.”
Render (RNDR), which top US crypto exchange Coinbase just added to its listing roadmap, is a decentralized Graphics Processing Unit (GPU) model that aims to assist with three-dimensional rendering tasks and emerging 3D applications.
RNDR is trading for $4.38 at time of writing. The 49th-ranked crypto asset by market cap is down more than 4% in the past 24 hours.
Celestia (TIA) is a decentralized network that aims to allow anyone to deploy their own blockchain easily and at a minimal cost. TIA is trading for $16.31 at time of writing. The 34th-ranked crypto asset by market cap is down more than 8% in the past day.
The Sui Network (SUI) is a layer-1 blockchain and Aptos (APT) competitor. The project runs on a delegated proof-of-stake (dPOS) consensus mechanism and aims to provide low latency and high throughput.
SUI is trading at $1.52 at time of writing. The 48th-ranked crypto asset by market cap is up nearly 1.5% in the past 24 hours.
Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Check Price Action
Follow us on X, Facebook and Telegram
Surf The Daily Hodl Mix
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Generated Image: Midjourney
