Crypto Analyst Says Altcoin Super Cycle Has Begun, Names Four Coins He Holds
Crypto analyst Ran Neuer says the market has entered a distinct altcoin super cycle, supported by a nine-year technical breakout that many traders have overlooked. He also identified the specific cryptocurrencies he is personally holding for the current phase of the market.
According to Neuer, the cycle is being driven by renewed enthusiasm for altcoins rather than Bitcoin strength. He pointed to the ETH/BTC ratio as evidence, tracing its long-term pattern to Ethereum’s earliest use case: transferring digital value through smart contracts without human intervention.
That use case helped trigger the 2017 initial coin offering boom before the ratio entered a prolonged downtrend as the technology struggled to deliver on its promises.
“After a 9-year downtrend on the weekly, this is now breaking out,”
Neuer said the breakout confirms a structural rotation into altcoins rather than a temporary market bounce.
1. Solana
Neuer named Solana as one of two winners of what he describes as the completed “L1 war.” He holds Solana directly and calls it “the second winner” in his broader investment thesis.
He argues that Solana has effectively captured crypto-native onboarding, giving the network a strong position among users entering the cryptocurrency ecosystem through blockchain-native applications.
2. Ethereum
Alongside Solana, Neuer identified Ethereum as the other Layer 1 winner. He credited Ethereum’s integration with Base and Robinhood with helping it capture real-world asset onboarding, a channel that differs from Solana’s crypto-native user base.
Neuer argues that the two networks have absorbed most of the long-term value in the Layer 1 sector, leaving him uninterested in other Layer 1 tokens.
“I wouldn’t really invest in any other L1s because I just don’t think there’s any upside in the L1s,”
Neuer said.
3. Hyperliquid
Neuer described Hyperliquid as the strongest active use case in crypto and said he holds the token directly. He cited its tokenomics and its role as an exchange as key reasons for his conviction.
He also said he would buy Hyperliquid even at its current all-time high, arguing that the market is mispricing the token by focusing on fully diluted valuation, or FDV, without accounting for staking-driven scarcity.
“Crypto is a function of scarcity times pressure,”
Neuer said.
“The buying pressure plus the staking pressure plus the actual buying pressure divided by the number of tokens in circulation creates insane pressure on the way up.”
4. Zcash
Neuer’s most aggressive individual call focuses on Zcash, the privacy-focused cryptocurrency that recently gained ETF backing. He argued that Zcash could develop into a dominant form of “private money” and outlined a specific scaling scenario linked to Bitcoin’s market capitalization.
“I think the upside on Zcash from here is 10x, maybe 100x,”
Neuer said.
Neuer Still Holds Bitcoin
Neuer’s confidence in altcoins does not come at Bitcoin’s expense. He remains bullish on Bitcoin because of continuing concerns about currency debasement, but views it as one component of a broader portfolio rather than the primary growth trade of the current cycle.
What Comes Next for the Altcoin Market
Beyond his four named holdings, Neuer believes investor attention is moving away from competition between blockchain infrastructure projects and toward application-layer projects that operate more like businesses.
In his view, the strongest opportunities will involve assets with genuine user growth, sustainable revenue and a mechanism for distributing that revenue to token holders.
