- Adrian Zduńczyk says he’s betting on five altcoins for the next “legendary” altcoin season.
- He told Insider some are undervalued and have room to grow, while others are great projects.
- He adds that betting on speculative projects is risky, and keeps positions at 15% of his portfolio.
Adrian Zduńczyk is a technical crypto analyst who gawks at price charts all day long. His main goal is to determine where a crypto’s price might go next. And right now, he has his eye on what he says is an upcoming “legendary” altcoin season.
A legendary altcoin season is when cryptocurrencies outperform bitcoin and see their prices surge by as much as 100 times, he explained. This event typically occurs once a year or once every three years.
Once bitcoin hits a peak price point, altcoins tend to enter a
bull market
a few weeks or months later. It follows the idea that investors take their bitcoin gains and throw them at altcoins that are more speculative and riskier, but have the potential to rake in high returns.
Zduńczyk previously told Insider he expects bitcoin to hit $120,000 for only a few days in the fourth quarter before cratering by as much as 90%.
However, Zduńczyk warns that the playing altcoin season bears a significant risk of losing capital, no matter how promising some projects may seem. Therefore, he reminds investors that no returns are ever guaranteed and everyone should always do their own research.
He pumps out daily research and charts of his own to an audience of more than 337,000 followers on Twitter as @crypto_birb. He’s also the founder and CEO of The Birb Nest, a subscription-based trading community, and a cofounder of YellowBlock, a crypto-news and educational platform.
While there are several blockchain projects that have great use-cases, Zduńczyk has his eye on five tokens that he believes have the highest potential to see gains anywhere between 10 to 100 times their current listed prices during the upcoming season.
Altcoins he’s betting on
Although he is bullish on these projects, he said that he keeps these holdings below 15% of his overall crypto portfolio in the event of an unpredictable market crash.
Ferrum Network (FRM) is a DeFi project that offers blockchain solutions that incubate startups.
Zduńczyk says his technical analysis suggests the token’s price is extremely undervalued based on its 200-day moving average price of $0.40.
As for its fundamentals, Ferrum Network is growing its ecosystem exponentially by deploying high-quality DeFi services backed by great value-based marketing. Zduńczyk adds that they also know their stakeholders’ needs very well and have great insight into market trends.
Linear Finance (LINA) is a well-established project working to democratize access to digital and traditional investment assets. The network helps save high gas fees associated with some blockchains because the token allows for composability, or seamless interaction, across different blockchains.
“I’m one of the loyal supporters since September 2020, knowing how talented, open-minded, and skilled their team has been,” Zduńczyk told Insider.
He says that the token also offers a great variety of earning opportunities for those that hold the token through staking and other DeFi services. He adds that LINA is also hugely undervalued because it’s trending below its long-term 200-day moving average of $0.075.
Radix DLT (EXRD/XRD) is a layer 1 DeFi protocol. It seeks to provide scalability, efficiency, simplicity, and solve regulatory issues where Ethereum and other blockchains fail.
Zduńczyk says that unlike FRM and LINA, which have already gone through a full market cycle, EXRD/XRD is still at the early stages of accumulation, and he expects it to rally hard later this year.
StarTerra (STT) is the first gamified launchpad. As the DeFi market matures, Zduńczyk believes there’s an increasing need for an attractive launchpad platform to kick off new startups.
He’s bullish on this specific project because the platform has a very strong team of supporters, which includes people like Kamil Jarzombek, an early blockchain investor, and Do Kwon, the co-founder of Terra.
The platform creates a unique combination of guaranteed and lottery-based prize pools. Since the token was only recently launched, there isn’t enough historical price data to apply technical analysis. So instead, Zduńczyk mainly relies on other sources of available information such as the team behind the project, who’s invested in it, who’s on the advisory board, and its whitepaper.
Synapse Network (SNP) aims to bring the idea of fully regulated financial institutions backed by DeFi products to the masses. The platform is building a fully licensed, official crypto to fiat bank with 100% licensed DeFi services.
He also has confidence in the project’s leader, Pawel Laskarzewski, who’s an entrepreneur in Poland, where Zduńczyk resides.
Zduńczyk believes the token has a lot of room to grow because it hasn’t gone mainstream yet due to a lack of awareness about the project’s capabilities.