In a recent video, renowned blockchain and cryptocurrency educator Ivan Lijeqvist shared his analysis, suggesting that Binance’s upcoming moves could lead to a surge in the altcoin market this July. Lijeqvist specifically pointed to the recent ARKM token sale on Binance Launchpad as one of the catalysts for the anticipated altcoin pump.
Examining the top cryptocurrencies listed on CoinmarketCap, Lijeqvist noted that there had been relatively insignificant price movements, with the exception of BNB, which experienced a 6% increase following Binance’s announcement of the ARKM token sale.
Lijeqvist emphasized that the return of Binance Launchpad would generate considerable hype, triggering a price surge across multiple altcoins. He viewed the success of new projects as a typical pattern that precedes a bull run, stating, “You cannot have a bull market start without a few projects kicking off, doing extremely well, and making their investors rich.”
Drawing parallels to the DeFi summer of 2020, Lijeqvist referred to the impressive performance of Compound (COMP), which sparked an altcoin season. According to him, the excitement surrounding the launch of new projects is a prerequisite for the commencement of an altcoin season, and this is precisely what Binance aims to achieve.
Lijeqvist further emphasized that the size of the projects triggering the altcoin season is not as crucial as their ability to stimulate subsequent launches and generate the necessary momentum for the market to surge.
While ARKM has faced criticism on crypto Twitter, Lijeqvist believes that the launch’s overall impact outweighs individual sentiments. He predicts that Binance will play a significant role by releasing multiple projects on its Launchpad, setting the stage for potential market growth.
It is important to note that this analysis is based on Ivan Lijeqvist’s insights and should not be considered financial advice. As with any investment, thorough research and careful consideration of individual circumstances are essential
