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The altcoin season bull market is starting, Bankless is bullish on these 10 Tokens for the next three months
Source: Bankless
Compile: Golem, Odaily Planet Daily
"I was wrong, I didn't expect the altcoin season to come at the end of November."
In early November, when BTC continued to pump while AltCoins performed flat, the market was still concerned about the lack of AltCoin market in this Bull Market. Most institutions and analysts also put forward negative views (related reading: BTC hits new highs, can AltCoins keep up?). However, by the end of November, according to TradingView data, the total AltCoin Market Cap nearly doubled since November, and BTC's market dominance fell to 51.4%. At the same time, some analysts stated that BTC's market dominance is about to break through the long-term support level, significantly affecting market sentiment, indicating that the AltCoin season has arrived.
Being in the season of alts can also be frustrating. Which Tokens should I buy? The advice given by Ryan Sean Adams, co-founder of Bankless, is that ETH will rise to $4000 in the next 24 hours. Perhaps this is just his personal fear of missing out, but Bankless' dedicated analyst team has been predicting the price movement of some AltCoins since the start of the altcoin season in November, and has seen a rise in the expected price movement of 10 AltCoins over the next three months.
This article will summarize the Bankless analyst team's specific predictions and reasons for bullish on 10 AltCoins, and summarize the win rate of Token predictions expiring from the end of November to early December 01928374656574839201 for readers' reference.
Win rate prediction for the end of November to early December: 40%
Apart from the neutral Token, there are a total of 10 Token trends predicted by the Bankless analysis team, with the deadline from the end of November to the beginning of December. The prediction results are as follows:
Among them, the more serious ones are Instadapp (INST), 1inch (1INCH) and Blur (BLUR), and the predicted high-yield Kamino (KMNO), with a pump amplitude of 206.37%. However, the overall success rate of the predicted expiration tokens from the end of November to early December was only 40%.
Token Bullish Inventory
Aave(AAVE)
On July 31st, the Bankless analyst team is bullish on AAVE price expectations because Marc Zeller proposed a 'temperature check' proposal to upgrade the security module on July 25th, and AAVE Token plays a key role in the ecosystem.
In the past 30 days, the total active loans on AAVE have reached $12.51 billion, rising 46%, and net deposits have also increased to $31.37 billion, rising 49% YoY. The increased demand for leverage has driven the expansion of loans and higher interest rates. For example, the current interest rate for borrowing USDT on Aave is 37%, driving a surge of 63% in Aave's income.
While the AAVE Token price has only pumped by about 16%, which does not match the income growth of the protocol, indicating that the market may not fully reflect Aave's recent performance. Therefore, the Bankless analyst team continues to be bullish on AAVE.
Instadapp(INST)
On July 16, the Bankless analyst team was bullish on the expected price of INST, as Fluid (a hybrid of currency market and DEX) as the unified liquidity layer of Instadapp, is expected to drive adoption and income rise. Since the launch of the DEX on November 1, Fluid's total volume has exceeded 1 billion USD. It currently ranks fifth in 24-hour volume on the Ethereum network, second only to well-known projects such as Uniswap, Curve, PENDLE, and Balancer.
The rapid success of Fluid may be attributed to its innovative design. Users can not only profit from borrowers, but also from transaction fees. In addition, debt positions generate transaction fees to offset borrowing costs, which is a unique feature that improves capital efficiency.
Therefore, the Bankless analyst team continues to be bullish on its subsequent price performance, believing that the increasing popularity of Fluid and its smart Collateral and smart debt mechanisms are key drivers for improving volume and efficiency in the Decentralized Finance field.
anoncast(ANON)
On the evening of November 20th, ETH founder Vitalik Buterin made the first purchase of Base Token through the "vitalik.eth" Address, and used the Decentralized Finance aggregator ParaSwap to exchange 0.082 ETH (253 dollars) for 30.303 k ANON.
ANON is the utility Token of 'anoncast', a social experiment based on Zero-Knowledge Proof. Tokenholders with at least 15,000 ANON can publish anonymous posts through the Farcaster account associated with this protocol. Holders with at least 1 million ANON can promote these posts or delete existing posts on X/Twitter.
While many experienced Base participants may feel some anxiety about SocialFi Token due to the FRIEND's crash, the difference in this experiment is that it requires anyone who wants to interact with it to purchase ANON.
Bankless analysts expect a bullish performance from ANON's price, because although the Token lacks fundamental value, it has gained public recognition from Vitalik. If more Token audiences interact with this novel experiment, it could cause viral spread.
Near(NEAR)
On November 11th, Illia Polosukhin, co-founder of NEAR Protocol, proposed a plan to create the world's largest Open Source model with 1.4 trillion parameters, which will be 3.5 times larger than Meta's Open Source alternative Llama. According to Polosukhin's report to Cointelegraph, the training and computation costs (estimated to be about 160 million USD) will be funded by selling NEAR Token, and the model will run on a Decentralization computing network.
While increasing latency is a common drawback of distributed computing networks, Polosukhin claims that emerging research from DeepMind, a Google artificial intelligence subsidiary, suggests that fast interconnection is also possible.
The Bankless analyst team is bullish on the future performance of NEAR, because the advanced Decentralization computing network centered around NEAR combined with Polosukin's AI background will be a significant advantage for the network to attract users, developers, and capital. However, if the market suddenly finds the value of such activities limited, selling NEAR for model development funding may depress the price meaninglessly.
Solana(SOL)
In September, the Bankless analyst team was not optimistic about the price performance of SOL, believing that there could be a decline as holders exit the ecosystem and turn to other alternative investment opportunities. Although its price performance compared to popular L1s such as APT and SUI was not good afterwards, its price in US dollars steadily increased throughout October and exploded in early November due to favorable US election results.
The Bankless analyst team has turned their forecast for SOL to bullish because, under the leadership of the Trump administration, it continues to benefit from favorable catalysts, such as the approval of Spot ETF, and because of the Bull Market, the market's general assumption of its continued growth in the foreseeable future.
Helium Network(HNT)
At the end of July, the Bankless analyst team was not optimistic about the price performance of HNT, so at that time, the Token fell 90% from its historical high in 2021 and 55% from the peak on February 15. In addition, platform revenue has declined, and user rise has slowed significantly after reaching its peak in early March.
However, since then, the data consumption rate of the Helium Network has more than doubled, indicating that network usage has also doubled since July. This rise is mainly driven by Helium Mobile users, with the number of users increasing from 105,336 people at the time of the last prediction to 119,934 people.
Although the total number of users of Helium Mobile may not be high, Helium's strategic partnerships with telecom companies help increase network usage. For example, Telefonica's number of devices connected to the internet of things network rose by 18.1% from 2021 to 2022, and then by 12.2% from 2022 to 2023.
Therefore, the Bankless analyst team is bullish on the price performance of HNT in the future, expecting the continued rise of Helium Mobile users and strategic partnerships with telecommunications companies to drive the utilization of the Helium network, thus having a positive impact on the entire Helium ecosystem.
Pendle Finance (PENDLE)
On September 20, the Bankless analyst team predicted a bearish trend in the PENDLE price due to the expiration of $360 million in revenue later in the month. Although Pendle continued to offer market-leading revenue opportunities at the time, its token price and locked-in total value have been falling sharply since late June 2024, when a large amount of $3 billion in maturing debt appeared in the funding pool created near the peak of the 2024 Airdrop frenzy.
Despite the significant TVL outflow of Pendle in September, the Token price has not been greatly affected and the TVL has been rising since October. Therefore, the Bankless analyst team is bullish on the future performance of PENDLE and believes that its yield swap is still a leading mechanism in the market. They will be in a favorable position if the Bull Market of Cryptocurrency starts to accelerate.
Lido(LDO)
The end of the US election is seen as Favourable Information for the encryption market. Although Trump did not provide policy details during the campaign that he believes would benefit Cryptocurrency, he did promise to dismiss SEC Chairman Gary Gensler, who claimed that Lido's stETH is an unregistered security. In addition, prior to the election, Trump has raised $15 million in investment for World Liberty Financial (WLFI), an application expected to become the front end for Aave deposits.
Although the encryption industry's hopes for the Trump administration are largely speculative, he may fulfill vague promises and direct executive agencies not to enforce regulations against encryption projects over the next four years. The Republican Party's sweeping victory in Congress provides the possibility of incorporating such reforms into law for the United States.
Although the Bankless analyst team continues to express concern about the declining market share of stETH and the profit potential of Lido, this bullish LDO is expected to ignite investors' optimism for an unknown but seemingly better future in anticipation of Trump's election.
Uniswap (UNI)
In October, Bankless was bearish on UNI Token due to Uniswap's launch of Unichain. Despite a decline of more than 20% in the following month, UNI began to surge on November 6, becoming the largest pump since 2024 (second only to the pump on February 23, which was caused by the UNI fee switch proposal, a proposal later blocked by the Uniswap Foundation), and the November pump was also due to Trump's advantage in the election.
The Bankless analyst team is bullish on the price performance of UNI again, and expects cryptocurrency participants to be more optimistic about the outlook for industry regulation in the near term, especially when it comes to distributing cash flows to holders in a manner similar to dividends using Tokens.
Jito(JTO)
In July, the Bankless analyst team was bullish on the JTO price performance, expecting that the deployment of native stake for Jito would consolidate its position as the leading Liquidity stake protocol on Solana. Although the price of JTO dropped by 17% during the forecast period of the first three months, the TVL of Jito hit historical highs steadily in 2024 when denominated in USD and SOL.
The surge in the quantity of Meme coins on Solana has also increased MEV opportunities; due to the high slippage generated by these low Liquidity Meme pools, Jito's daily SOL fees have reached an all-time high of 01928374656574839201.
Therefore, the Bankless analyst team is bullish on the subsequent performance of JTO, believing that the protocol is consolidating its position as the top Liquidity stake protocol on Solana, and expecting the popularity of Meme coin (as well as the tip payments generated by MEV arbitrageurs) to benefit Jito.