The spot Bitcoin ETF rush launched by world finance giants, especially BlackRock and Fidelity, and Ripple's XRP victory against the SEC led to rises in Bitcoin and altcoins.
With these rises, BTC saw above $ 31,000, while Ethereum (ETH) saw above $ 2,000.
While investors expect further rise in Bitcoin, Zhu Su, the founder of bankrupt hedge fund Three Arrows Capital (3AC), shared altcoins to follow in this cycle.
Zhu Su divided these altcoins into three groups as “DeFi, DeFi/CeFi, Memcoins”.
Examining four altcoins in the DeFi space, Zhu Su said they are Maker Dao (MKR), Synthetix (SNX), Compound (COMP) and Aave (AAVE).
Examining two altcoins in the DeFi/CeFi space, Zhu Su said that they are Rollbit (RLB) and OX.
Zhu Su stated that the last category, memcoin, includes Pepecoin (PEPE) and Bitcoin (BTC).
“The following are altcoins to follow this cycle.
DeFi: MKR, SNX, COMP and AAVE DeFi/ CeFi: RLB and OX, Memcoin: PEPE and Bitcoin”
Altcoins to watch this cycle
Defi:
1) $MKR: rwa onchain yields
2) $SNX: much awaited ui ux enhancements
3) $COMP: building thru the bear
4) $AAVE: survived several risk mgmt trialsCeFi / DeFi
1) $RLB: crypto online casino
2) $OX: native token of @OPNX_OfficialMemecoins
1)…— 朱溯 🐂 (@zhusu) July 17, 2023
*Not investment advice.
