Experts Tip Bitcoin Cash and New Cryptocurrencies Like Sonik Coin to Outperform This Cycle & Next Crypto Bull Run

One of the best-performing crypto assets following the news of Grayscale beating the SEC, alongside the daily pumps of new meme coins on Uniswap, was Bitcoin Cash.

Now back in the limelight after its explosive rally in June, Bitcoin Cash (BCH) was helped along in August by some of the largest and most respected crypto Twitter accounts noticing it.

Bitcoin Cash Price Predictions From Experts

Hsaka (@HsakaTrades) tweeted to his over 450,000 followers that only a ‘handful of coins’ were outperforming BTC post the Grayscale news. He added a Bitcoin Cash price chart and joked, ‘I like big blocks, and I cannot lie.’

He also retweeted the automated account biggreendildo (@biggreendildo1), which noted that the BCH daily candle was larger than that of BTC, at 16%.

$BCH ended up closing the day up 18%, trading as high as $228. At the time of writing, the BCH price has pulled back to just under $220.

Hsaka didn’t give a specific Bitcoin Cash price prediction but noted back in June that Bitcoin Cash is becoming tradeable on every new ‘TradFi related crypto offering (funds, trusts, indices)’ in 2023, such as EDX exchange which recently started operations and is backed by Citadel Securities, Fidelity and Schwab.

@CryptoKaleo, who has close to 600,000 followers, also posted a long setup for Bitcoin Cash just prior to the Grayscale pump, predicting it will break out of its current short-term retracement and set new highs above its July highs of almost $330.

He was stopped just prior to the BCH price exploding but still considers the trade below valid.

Luke Martin (@VentureCoinist) posted to his 325,000 followers that ‘$BCH is the best performing top 20 market cap coin this week’ – on August 28th – and that BCH dominance had previously been a predictor of a Bitcoin pump.

He noted it was ‘worth paying closer attention whenever an anomaly like Bitcoin Cash strength keeps showing up.’ The Grayscale pump followed shortly after – perhaps leaked to some insiders – spiking both BTC and BCH, especially BCH.

Is BCH а Good Investment?

The controversial Bitcoin fork is one of the assets invested in by Grayscale, including Bitcoin itself, Ethereum, Cardano, Litecoin, Solana, Uniswap, and a range of newer cryptocurrencies.

Many other analysts have predicted the Bitcoin Cash price can continue the uptrend it began in mid-June – which has found support at the 0.382 Fib level (approximately $180) after a pullback – spurred on by the Grayscale news.

Grayscale has won the right to appeal against the SEC in its filing for a spot Bitcoin ETF – while the SEC may choose to delay its next move, the calls to dismiss Gary Gensler and use of language like ‘arbitrary’ and ‘capricious’ by lawyers to describe the SEC’s recent decisions have led experts at Bloomberg to predict Grayscale’s odds of success may be as high as 75%.

Former Grayscale CEO Barry Silbert is also confident cryptocurrency will win in the long term against the SEC, tweeting ‘victory’ on August 29th.

New Cryptocurrencies The Best Bet for Next Bull Cycle

Many noted traders, such as Crypto Amsterdam (@damskotrades), have stressed the importance of ‘putting in the time’ to seek out new cryptocurrency assets.

He posted that the ‘main reason for people not to get the most out of the next cycle will be laziness; sticking to the same projects and trends as in the last cycle and expecting them to do well again.’

Some of the newest cryptocurrency projects recently reviewed include:

Launchpad XYZ

With AI crypto project Fetch.ai outperforming at the time of writing, AI-based analytics platform Launchpad.xyz may be one to watch.

Currently on presale, its native token $LPX powers its platform and functions as an access key to its VIP trading channels, which provide ‘multiple 10x return trades every month.’

Visit Launchpad.xyz

Sonik Coin

$SONIK is also currently undergoing its token sale, with just over four days remaining, and aims to join the crop of explosive meme coins on Uniswap next week.

Meme tokens have been among the best-performing assets in recent months thanks to their mass appeal with retail traders, with HarryPotterObamaSonic10Inu being one of the best of the current cycle after Pepe’s correction.

Visit Sonikcoin.com

Wall Street Memes

Another meme coin, $WSM, is backed by an existing community of over one million followers thanks to its long experience with founding successful NFT projects and its social media marketing – with its memes even on several occasions being replied to by Elon Musk.

Wall Street Memes is in the final stage of its presale and recently announced it will be listed on multiple tier-one crypto exchanges on September 27.

Holding a lower market cap, new cryptocurrency assets alongside big caps like Bitcoin and Bitcoin Cash can be one way to diversify a portfolio for higher upside potential in the short term.

Visit wallstmemes.com

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