Portal Asset Management
2 min readOct 30, 2023

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The Crypto Green Shoots are out, and Spring is on the way. Bitcoin is up 27.6% this month and 116% over the past 12 months. Very good! Tip — let us not be mesmerised by the “digital gold” token at the expense of the crypto asset class. As people love predictions, I will give one. I expect the market in the top alt tokens (ex-BTC and ETH) to rise over 100% by November 1, 2024, AND outpace BTC and ETH.

Why? Let’s look at the numbers. Major tokens like Solana although up 62% over the past month are down 87% from the all-time high. For SOL to rise 100% it would need to be at $66. This would still leave it 75% off its all-time high. Many major Altcoins have seen drops in price (I continue to argue not value) of 80% to 90% since their ATHs. Most are still well funded, have a market presence, and continue to develop the tech of their offerings. If down 90% and they double in price, then they are still down 80% from their ATHs. This makes little sense as most of them have operated flawlessly during the massive price and trading volume collapse of 2022/2023 leaving them battle hard for the coming of the inevitable uptake of digital solutions.

Existing and new unimaginable offerings will power the upcoming digital asset class bull run and so it is important to realise that the revolution is not Bitcoin it is the Distributed Ledge Technology (blockchain), Smart Contracts, and Web 3.0 solutions in place now and to come where the biggest upsides exist.

As investors’ eyes rise from the traditional listed tech sector towards BTC ETF the smart money is also positioning for this next bull run and the upside which should continue to rise well in my prediction period to October 2024. Of course, all investment disclaimers apply so invest with knowledge and with diversification in mind.

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Portal Asset Management

THE PORTAL DIGITAL FUND IS AN INSTITUTIONAL GRADE, MULTI-STRATEGY, DIGITAL CURRENCY FUND.