Source: Bankless
Compiled by: Golem, Odaily Planet Daily
"I was wrong—the altcoin season arrived by late November."
In early November, while Bitcoin continued its upward trajectory, altcoins remained stagnant, fueling concerns that this cycle might lack an altcoin rally. However, by month-end, TradingView data revealed that the total altcoin market cap nearly doubled, with Bitcoin’s dominance dropping to 51.4%. Analysts noted that BTC’s dominance was breaching a multi-year support level, signaling the arrival of altcoin season.
The challenge now? Identifying which tokens to buy. Ryan Sean Adams, co-founder of Bankless, suggested ETH could surge to $4,000 within 24 hours—a statement some dismissed as FOMO. Meanwhile, Bankless’ analyst team has been bullish on 10 altcoins since the season began, projecting price trends over the next three months.
Below, we break down Bankless’ price predictions and rationale for these 10 altcoins, along with their track record from late November to early December.
Prediction Accuracy (Late Nov–Early Dec): 40%
Of the 10 tokens predicted by Bankless during this period:
- False Bullish Calls: Euler (EUL) fell 27%.
- False Bearish Calls: Ethervista (VISTA) rose 66%, UMA Protocol (UMA) rose 78%, Filecoin (FIL) rose 55%, 1inch (1INCH) rose 80.75%, Blur (BLUR) rose 99.4%.
- Correct Bearish Calls: Sanctum (CLOUD) rose 99.69%, GMX (GMX) fell 18.04%, Kamino (KMNO) rose 206.37%, Canto (CANTO) fell 55.14%.
Notable underperformers included Instadapp (INST), 1inch (1INCH), and Blur (BLUR). Kamino (KMNO) outperformed with a 206.37% gain. Overall, Bankless’ prediction accuracy stood at 40%.
Bullish Token Picks:
1. Aave (AAVE)
- Sector: DeFi
- Rationale: Net deposits and active loans are growing, with favorable valuation metrics.
- Prediction Period: Dec 2, 2024 – Mar 2, 2025
- Price at Prediction: $238.91
- Performance Since: +2.88%
Aave’s active loans hit $12.51B (+46% YoY), while net deposits reached $31.37B (+49%). USDT borrowing rates spiked to 37%, driving protocol revenue up 63%. Despite this, AAVE’s price rose only ~16%, suggesting undervaluation.
👉 Explore DeFi opportunities with Aave
2. Instadapp (INST)
- Sector: DeFi
- Rationale: Rising transaction volume and innovative protocol mechanics.
- Prediction Period: Nov 26, 2024 – Feb 26, 2025
- Price at Prediction: $5.47
- Performance Since: +36.01%
Fluid, Instadapp’s hybrid DEX/money market, surpassed $1B in trading volume post-launch, ranking fifth in Ethereum DEX volume. Its unique debt-trading mechanism boosts capital efficiency, prompting bullish sentiment.
3. anoncast (ANON)
- Sector: SocialFi
- Rationale: Viral potential after Vitalik Buterin’s public endorsement.
- Prediction Period: Nov 21, 2024 – Feb 21, 2025
- Price at Prediction: $0.04
- Performance Since: -37.29%
Vitalik’s purchase of ANON tokens spotlighted this ZK-based social experiment. While speculative, its novelty and high-profile backing could fuel growth.
4. Near (NEAR)
- Sector: L1
- Rationale: AI narrative alignment attracting capital.
- Prediction Period: Nov 14, 2024 – Feb 14, 2025
- Price at Prediction: $5.20
- Performance Since: +42.88%
NEAR’s plan to build a 1.4T-parameter open-source AI model (funded via token sales) positions it at the intersection of AI and decentralized compute.
👉 Discover AI-blockchain synergies with NEAR
5. Solana (SOL)
- Sector: L1
- Rationale: Political tailwinds and bullish FOMO.
- Prediction Period: Nov 13, 2024 – Feb 13, 2025
- Price at Prediction: $217.20
- Performance Since: +9.12%
Trump’s pro-crypto stance and potential ETF approvals bolster SOL’s outlook.
6–10. Pendle (PENDLE), Lido (LDO), Uniswap (UNI), Jito (JTO), Helium (HNT)
- Sectors: DeFi, LST, Infrastructure
- Rationale: Sector-specific growth drivers (e.g., Pendle’s yield swaps, LDO’s regulatory optimism, HNT’s telecom partnerships).
- Performance Since: +29% to +65%.
FAQ Section
Q: Why is Bankless bullish on altcoins now?
A: Bitcoin dominance is declining, historically signaling altcoin seasons.
Q: Which token has the highest growth potential?
A: Kamino (KMNO) surged 206% in weeks, though high volatility remains.
Q: Are these predictions reliable?
A: Bankless’ track record shows 40% accuracy—diversify and DYOR.
Disclaimer: Predictions are speculative. Invest at your own risk.