Analyst Ali Martinez has pinpointed an altcoin capable of delivering up to 1,500% return for investors as the altcoin bull market takes shape.
The altcoin market has experienced a notable surge over the past few days, with many reclaiming new monthly highs following a prolonged period of bearish sentiment. Altcoin’s bullish optimism was influenced by Bitcoin’s rebound above $60,000, with prices even touching $66,000 this week.
Notably, this upswing followed the German government’s easing of billion-dollar selling pressure, which had hindered Bitcoin’s upward momentum some three weeks ago.
As the selling pressure has subsided, many altcoins have outpaced Bitcoin in the recovery rally. Among the top 100 assets by market cap, Solana-based meme coin Dogwifhat (WIF) currently takes the lead. It boasts a remarkable 54% seven-day percentage gain.
Worldcoin (WLD) follows closely behind, with a 47% increase. Initially, XRP had been the altcoin with the most impressive seven-day growth, but the ongoing correction has significantly eroded its previous gains.
Altcoin Projected for 15X Surge
As the altcoin market prepares for another significant explosion, renowned market watcher Ali Martinez has singled out one token as a candidate for a potential return between 500% and 1,500%.
In a recent post on X, Martinez highlighted that Big Data is a highly lucrative narrative for 2024-2025. He claimed that following in-depth research, he found the OORT token to be a hidden gem with substantial upside potential in this bull market.
Martinez highlighted the project’s focus on providing a decentralized cloud solution that offers enhanced privacy, significant cost savings, and AI-driven operations.
Furthermore, the analyst cited technical data on the OORT token chart to support his bullish outlook on the asset. Specifically, he observed that OORT is establishing a bottom after surpassing TD Sequential’s resistance trendline, triggered by a buy signal.
Big Data is a major trend for 2024-2025! After thorough research, I discovered a hidden gem with significant upside potential.@oortech | $OORT: Decentralized cloud offering privacy, cost savings, and AI-driven streamlined operations.
Market Cap: $18.88 million#OORT appears… pic.twitter.com/sRv7m3IfJA
— Ali (@ali_charts) July 18, 2024
At the time of writing, OORT is trading at $0.1473, having dropped 6.2% in the past 24 hours. Although it maintains a 19.30% gain over the past week, the asset remains 21.4% below its monthly high.
Meanwhile, Martinez has identified $0.20 to $0.27 as short-term targets for investors to keep an eye on. Furthermore, he believes that OORT can potentially deliver a substantial return of 5X to 15X for investors.
Notably, this projected growth would put the asset at an unprecedented value of $2.21