Popular crypto analyst Xremlin, known on social platforms as @0x_gremlin, told his 104,000 followers that the 2024 altcoin season could eclipse the monumental gains seen in 2021. Reflecting on the historical significance of major exchange listings, Xremlin emphasized: “Altseason 2024 > Altseason 2021. Your bags are heading to Valhalla.”
During the 2021 altseason, altcoins like Polygon (MATIC) and Solana (SOL) saw a staggering 300x surge, largely attributed to listings on Tier 1 centralized exchanges (CEXs) like Binance and Coinbase, he said. “MATIC and SOL’s 300x was driven by Tier-1 CEX listings. Binance/Coinbase listings = billions in retail liquidity,” the crypto analyst noted.
The core of Xremlin’s analysis relies on the demonstrable impact that listings on major exchanges such as Binance and Coinbase have on the valuation of cryptocurrencies. According to the analyst, “These 8 altcoins will likely be tradable there next → Increase by 10-50x,” highlighting the potential for immediate and substantial price increases.
Listings often trigger price increases ranging from 3 to 10 times the pre-listing value, mainly due to the vast user bases of these platforms interacting with the newly available tokens. Xremlin further elucidated the critical role of liquidity for the long-term success of a cryptocurrency project, stating: “In the long term, having access to billions in liquidity is crucial to the success of a project.”
This perspective underlines the strategic advantage gained by being listed on Tier 1 centralized exchanges (CEXs). Xremlin has identified eight altcoins that not only promise to be listed on these exchanges, but also have the potential for dramatic appreciation in value. Here is a detailed look at the altcoins highlighted by Xremlin:
Top 8 Altcoins Not Listed on Tier 1 Crypto Exchanges
NGL (ENTANGLE): Operating as an omnichain infrastructure, Entanglefi aims to revolutionize data delivery for smart contracts on any blockchain. With a current market cap of $232 million and trading at $1.96, its position as a Layer 1 (L1) protocol highlights its fundamental potential in the blockchain ecosystem.
ALPHA (ALÉFIO): Priced at $2.75 and market cap at $203 million, Alephium stands out as a Tier 1 blockchain solution that addresses the critical accessibility, scalability and security issues faced by decentralized applications (dApps), according to with crypto analyst.
NORMIE: As a memecoin designed for popular appeal, Normie has a market valuation of $120 million, priced at $0.1237. Notably, Normie is based on the Coinase Base protocol, which is speculated to be ready to replicate the success of the Solana memcoin craze.
CPOOL (CLEARPOOL): Clearpool distinguishes itself as a decentralized credit marketplace in real world asset (RWA) sector focused on providing single-borrower liquidity pools for institutional borrowers. It is currently valued at US$140 million, with its tokens trading at US$0.30.
BALLZ (WOLFWIFBALLZ): Inspired by a bold wolf, this memecoin is trading at $0.045 with a market cap of $45 million. BALLZ is trying to ride the wave of success of Solana memcoins, especially Dogwifhat (WIF).
IXS (IX SWAP): Ix Swap offers a secure platform for trading real-world assets and security tokens, backed by licensed custodians and brokers. With a market value of US$140 million and a current price of US$0.8425.
DEGEN: Another meme-centric token, Degen also operates on the Base chain and is currently priced at $0.01696, boasting a market cap of $211 million. Its appeal lies in the vibrant culture of crypto enthusiasts who identify with the “degen” lifestyle.
NMT (NETMIND): Netmind leverages blockchain technology to decentralize computing power for AI models around the world. Priced at $6.96 and with a market cap of $240 million, it aims to embody the cutting-edge intersection of artificial intelligence and blockchain.
At press time, @0x_gremlin’s top pick NGL was trading at $1.87.
Featured image created with DALL·E, chart from TradingView.com
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