Rotation & Beta

Have you noticed all the attention ETH is getting right now?

It’s mostly latecomers hyping something that’s already more than tripled off its lows and is now back at resistance.

I’m fading that crowd.

I still think ETH will ultimately break out, but not before moving lower first.

Every Monday, I review 500 crypto charts. It gives me a bird’s-eye view of the ecosystem. I’ve condensed all that into a single chart: this is what the average altcoin looks like.

I expect this market to break out in the next few weeks. The average token could double, with many tripling or even quadrupling in the months ahead.

Right now, the momentum trade is Ethereum. But the most obvious trade, the one that could make ETH look like a blip, is happening underneath it: the Ethereum ecosystem itself.

This recent ETH move has brought attention back to the network. In the past 90 days, active addresses on Ethereum have jumped 40%, surpassing even 2021’s highs.

That increase in demand creates a tailwind for technologies that scale Ethereum.

I have my eye on three tokens that I think can quadruple in the back half of this year.

Let's dive in.