As the crypto market gears up for the next altseason, investors and traders are keeping a close eye on potential opportunities for substantial gains. In a recent tweet, renowned analyst Alex Wacy shared his watchlist of CEX coins that he believes will be the first to pump during the initial stages of the altseason.
What you'll learn 👉
The Power of CEX Coins
CEX coins, or tokens associated with centralized exchanges, often benefit from the increased trading activity and liquidity during market upswings. As more investors flock to these platforms to participate in the altseason, the demand for CEX coins tends to rise, leading to potential price appreciation.
Wacy’s watchlist focuses on CEX coins with concentrated liquidity on specific exchanges, allowing for easier buying and selling with large market orders.
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Show more +The Watchlist
- Entangle (NGL): Listed on Bybit, Entangle is a project with major infrastructure, focusing on AI, DePIN, RWA, and more.
- Flit token (FLT): Also listed on Bybit, $FLT is involved in AI & DePIN, with a focus on Robotics and Biotech.
- Book of meme (BOME): Available on Binance, $BOME is the memecoin of the new season.
- ONDO: Listed on Bybit, $ONDO provides access to institutional-grade financial services through RWA.
- Nibiru Chain (NIBI): Bybit-listed $NIBI is an L1 powering a smart contract hub with RWA and more.
- AllianceBlock Nexera (NXRA): Available on Kucoin, $NXRA aims to advance finance with open-source infrastructure.
- StarHeroes (STAR): Listed on Bybit, $STAR is a multiplayer space shooter game designed for esports.
- Polyhedra Network (ZK): OKX-listed $ZK focuses on improvements to computational power and cross-platform interoperability.
- Zetachain (ZETA): Also listed on OKX, $ZETA is an L1 with built-in chain-agnostic interoperability.
- XAI: Available on Binance, $XAI is a GameFi Blockchain.
- AEVO: Binance-listed $AEVO is a Perp DEX with options and pre-launch trading.
- Dymension (DYM): Listed on Binance, $DYM is a modular hub.
Liquidity Concentration and Market Orders
One of the key factors Wacy considers when selecting these CEX coins is the concentration of liquidity on specific exchanges. By focusing on coins with high liquidity on a single platform, traders can execute large market orders without significantly impacting the price, allowing for more efficient buying and selling.
As the altseason approaches, investors and traders are seeking opportunities to maximize their returns. Alex Wacy’s watchlist of CEX coins provides a starting point for those looking to capitalize on the potential first wave of the altseason.
However, it is crucial to remember that the crypto market is highly volatile and unpredictable. While these coins may show promise, it is essential to conduct thorough research, consider one’s risk tolerance, and make informed investment decisions.
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