This week is what we have been waiting for. I mentioned the early February time window as being critical to see if we would get another run on alts. So far it’s shaping up very nicely. However, bottoms and tops are a process not an event. Meaning we still may have a few weeks to iron out a full blown run but all the signs are there.
Currently BTC is showing a lot of strength which is good for our alts but even better is that we are seeing new developments in the token space. I wrote about GH0ST token on Solana a few days ago and since then we have seen it start a whole new narrative around nft x token hybrid projects. We have seen similar runs kicked off by BRC20’s (a new bitcoin token standard), telegram bots in early 2023, and now we have a new innovation in NFT contracts.
With ETH/BTC showing signs of a bottom, old micro caps waking up from the dead, and new experimental tokens exploding this has all the makings of an early alt season. I believe you want to position yourself now for what may be a substantial March/April for low caps. The best places to look are in new innovations and Base chain at the moment. I have recently given you a watchlist pick for both. Let’s see how this minor window closes over the next few days and then make sure we are positioned well for the next few weeks.
