An analyst and trader with a large following is sharing his top four altcoin recommendations for the next half-year. The analyst, known as The Flow Horse, is advising his 217,900 followers on X to pay attention to Ethereum (ETH) as a primary investment from now until the end of the year. Alongside ETH, the analyst’s picks include Pepe (PEPE), a memecoin, MAGA (TRUMP), a memecoin inspired by Donald Trump, and Ondo Finance (ONDO), a project focused on tokenizing real-world assets.
The analyst emphasizes that while altcoins may have potential in the short term, holding Bitcoin (BTC) for the long term is a safer and more reliable investment strategy. According to The Flow Horse, holding a spot stack of BTC indefinitely is a comfortable approach, and he suggests that ETH may also be a viable long-term hold. However, he cautions against holding onto altcoins, as historical data suggests that this is often a losing strategy.
As of the time of writing, Ethereum is trading at $3,787, experiencing a slight decline in the last 24 hours. On the other hand, ONDO is trading at $1.38, marking an increase of almost 2% in the last 24 hours. MAGA is currently trading at $14.59, experiencing a decrease of over 8% in the last day. TRUMP, which was launched on the Ethereum network late last year, has seen a price surge of over 213% in the past 30 days. This impressive performance has also contributed to the value of Donald Trump’s own cryptocurrency holdings.
Pepe is currently trading at $0.00001499, showing a growth of over 72% in the past month. In a noteworthy transaction, a crypto whale recently withdrew 592 billion PEPE from Binance, the world’s leading crypto exchange. At the time of the transaction, this amount was valued at nearly $8 million.
In conclusion, The Flow Horse advises investors to consider the long-term potential of Ethereum, while also suggesting a cautious approach to altcoins. The current market prices of the recommended altcoins vary, with ONDO experiencing a slight increase, MAGA facing a decline, TRUMP showing significant growth, and Pepe demonstrating impressive gains. As always, it is important for investors to conduct thorough research and exercise caution when investing in Bitcoin, cryptocurrencies, or digital assets.
