Analysts Reveal Top Crypto Portfolio Strategies For Upcoming Altcoin Season

As Bitcoin nears a potential breakthrough above its $73,000 all-time high, market analysts predict a ‘Banana Zone’ rally. It could set the stage for an explosive altcoin season.

This expected surge has sparked discussions on the best strategies for constructing a profitable crypto portfolio during the upcoming altcoin season.

Analysts Share Their Crypto Portfolio Strategy

Bee, a pseudonymous crypto analyst, offers advice for beginners eager to enter the crypto space with minimal capital. His crypto journey started on the Aptos testnet, engaging in activities that led to a $30,000 gain from an APT airdrop after four months. For those starting without funds, Bee recommends participating in active testnets like Berachain and Babylon Chain.

After his initial success, Bee shifted his focus to mainnet airdrop farming. He used over 100 accounts to farm Arbitrum airdrop and made $180,000. He advises investors with at least $1,000 to explore opportunities in current mainnet projects such as Base Network, Zora, and Hyperlane.

Read more: Best Upcoming Airdrops in 2024

Bee then turned his attention to meme coins, which were an emerging trend in the market.

“They literally exploded the market, bringing thousands of dollars to users daily,” he noted.

Investing $10,000 in Pepe (PEPE), he saw his holdings soar to over $160,000 at its peak. Bee remains active in trading meme coins, with a recent purchase of POPCAT tokens increasing his investment from $3,000 to $60,000.

Complementing Bee’s experience, the YouTuber “No BS Crypto” outlines six crucial tips for preparing a portfolio for the altcoin season. He emphasizes setting precise goals, adopting a risk-averse attitude, and diligently tracking all transactions. He also stresses the importance of diversifying investments across promising crypto narratives, having a definite exit strategy, and implementing a disciplined dollar-cost averaging approach.

“Your portfolio is the reason why 95% of people only break even in crypto. That  is a statistic, this isn’t me just throwing numbers around here,” No BS Crypto said.

In contrast, YouTuber Miles Deutscher shared some short-term strategies. He talked about the potential in VC-backed altcoins that have recently underperformed but do not face imminent token unlocks.

“I actually think there is a framework at play here, that is a coin that launched low float, high fully diluted valuation, it’s dropped a significant amount 80% from highs, it’s had a lot of selling because token unlocks have been flooding the market combined with sentiment being extremely beaten down. Yet, it is important infra, it does have a strong use case, it does have strong backers, and the next unlock isn’t for a matter of months,” Deutscher explained.

Furthermore, he identifies several tokens, including LayerZero (ZRO), zkSync (ZK), Ethena (ENA), StarkNet, and Aethir (ATH), that qualify this framework. Deutscher has these altcoins on his watchlist for short-term trading.

Read more: 11 Cryptos To Add To Your Portfolio Before Altcoin Season

These varied strategies provide investors with a broad spectrum of options for exploring the crypto market. However, investors should consider these strategies in light of their own risk tolerance.