The cryptocurrency markets continue to face challenges, reflecting the difficulties seen in the first quarter. SOL Coin is experiencing a loss of nearly 15%, while many cryptocurrencies are witnessing declines of around 10%. Investors remain risk-averse with recession worries weighing heavily on market sentiments, and the Federal Reserve has yet to mention any interest rate cuts. However, Patrick Scott has recently outlined which altcoins he believes will see an increase.
Rising Altcoins
Patrick Scott is well-known for his insights in the cryptocurrency realm. He shared detailed analysis on the altcoins expected to rise, citing the current economic context. As the article was being prepared, Goldman Sachs suggested that the tariffs support a recession, while Fed’s Jefferson humorously mentioned that quantitative tightening (QT) may continue steadily in the background.
Scott noted the potential rise of privacy-focused altcoins, highlighting specific cryptocurrencies that have performed well against Bitcoin $0.000027 .
“Privacy coins have been the best performers in the cryptocurrency sector during downturns. Monero and Zcash outperformed Bitcoin in the last 24 hours and over the past week. This is not merely hype; it’s a macro issue. Tariffs are here, and capital controls may follow. In a world divided into economic blocs, assets that move quietly across borders are not speculative. Censorship-resistant money is becoming more than just a narrative.”
Cryptocurrency Predictions
We are facing unprecedented additional taxes, reminiscent of similar scenarios seen over a century ago in the U.S. The current global market situation is far more significant than the moves made during Trump’s previous administration. In the coming hours, we will also see potential retaliatory actions from U.S. trade partners.
Despite the current gloom, analysts remain optimistic. Sherpa shared a chart to express more hopeful forecasts.
“I expect some kind of bounce around this current area for BTC. I don’t know how strong it will be, but a reaction should come soon.”
Moustache, with his usual optimism, mentions that the time for growth has arrived.
“Did you know TOTAL3 has touched a trend line that has been in place for 1.5 years? Additionally, a descending wedge is forming on the weekly RSI.”
