[Editor’s note: “A Little-Known Altcoin Could Survive Crypto Winter (And Break Out After)” was previously published in October 2021. It has since been updated to include the most relevant information available.]
Back in October, I wrote to tell you that Bitcoin (CCC:BTC-USD) was on the verge of a golden cross. And I thought it could vault BTC to $100,000 and beyond — and bring other crypto higher with it.
Now, history bears this out:
In late 2015, Bitcoin struck a golden cross right before surging from $200 to $20,000…
In mid-2019, a golden cross prompted Bitcoin to jump from $3,000 to over $10,000 in just six months.
Once again, in mid-2020, a golden cross formed on Bitcoin’s chart. And it sent BTC soaring from $10,000 to $60,000 in just eight months.
Then, I talked about how rare it is for everything to go right (for the stars to align, so to speak).
Until more recently, funding was at an all-time high. Indeed, blockchain companies hit a record $6.6 billion.
Financial support was rapidly improving. Wall Street big shots began to rally behind cryptos. Even Jamie Dimon, JPMorgan’s crypto bear, is now allowing its clients to trade alt coins.
And adoption, accessibility, legal tailwinds, and supply-demand dynamics had all turned favorable for cryptos.
Source: Marc Bruxelle / Shutterstock.com
But the crypto markets move in tandem with assets. The U.S. economy has struggled with runaway inflation, soaring yields and enormous rate hikes from the Fed. Now it faces an incoming recession, and stocks have plummeted into a bear market. Cryptocurrencies have tanked with them, and it seems we may be headed for a new crypto winter.
In any event, I’m telling you this now for two reasons.
One, bear markets don’t last forever. They always transform into new bull markets. And they also offer some incredible buying opportunities.
Two, our team has identified a promising, little-known altcoin to buy right now. It’s one that could survive the crypto…
