5 Best Altcoin Signals Channels on Telegram
By definition, an altcoin is any cryptocurrency that isn’t Bitcoin. Notable examples include the likes of: ICON, Tezos and EOS. Altcoins exploded in popularity during the famous bull market of 2017 in which many of them experienced price gains of over 1000%. These sorts of returns cannot be found with larger market cap cryptocurrencies such as Bitcoin and is the reason why traders have gravitated towards trading them.
Combine the potential returns you can stand to make with trading altcoins, with the signals provided by a reliable trader and you could realistically generate a sustainable income. Altcoin signals are becoming an increasingly popular way for people to create an additional income stream for themselves which is why in this article we will walk through the 5 best altcoin signals channels and groups on Telegram.
However, before we dive into the article, let’s quickly explain what crypto signals are in general and how you can profit from them.
Altcoin Signals
Signal groups predominantly operate in telegram groups with thousands of members. When the signal provider is ready to issue a trade, they’ll send out a notification that looks like this:
The call in this example are for people who trade on Binance. The call tells you, what cryptocurrency to buy, along with the take profit targets and what the stop loss target is.
If you have a good crypto signal provider that knows what they’re doing, then you should hopefully make an excellent return:
Now that you understand what altcoin signals are and how subscribing to one can be incredibly lucrative, let’s get into our list on the best 5 altcoin signals channels on Telegram.
1. MYC Signals (@MYC Signals)
With over 32,000 subscribers, MYC Signals’ high-quality of signals paired with exceptional customer service leaves them as the number one provider for altcoin signals in the space currently. They advocate for consistent and sustainable returns over big wins as this can more often than not come with big losses. This means that their members are able to generate a steady stream of income by following their signals without having to worry about losing it all.
They currently provide altcoin signals for those trading on Binance, Kucoin and Bittrex meaning that regardless of which exchange you trade on, you’ll be able to easily follow along with their signals.
If you want to join their group and begin your journey of generating income from their altcoin signals, then here’s how you can get started with them:
1) If you have telegram then be sure to reach out to the admin, @MYCSupportBot, as well as to join their free crypto signal group, MYC Signals. Alternatively, if you don’t have Telegram, feel free to contact them via email: contact@mycryptopedia.com and they’ll walk you through how to get started.
2) They offer their premium channel: Altcoin VIP for you to join. The membership can be paid via any cryptocurrency of your choice or via card over at their payments page.
3) Once you’re all signed up and you’re a premium member, they’ll work with you to make sure you can follow their signals as easily as possible, as well as to solve any problems you may have. They tout 24/7 customer service so regardless of which time zone you live in, you can be sure that you’ll get a prompt response.
2. Klondike (Crypto Rush)
Klondike is a trading channel on Telegram that offers altcoin signals but as well as that, great analysis that highlights their thinking on why they’re recommending a particular cryptocurrency. When you subscribe to Klondike, you aren’t just passively following signals without knowing why, but you also get to learn a lot about how trading works.
Klondike’s signals include great and relevant information such as: the risk level of the signal on a scale of 1 to 10, the entry price, the take-profit targets and then the stop loss. If you’re following Klondike’s signals manually, you can also take a look at their analysis and decide for yourself if or not to place a trade.
3. Crypto Notes
Crypto Notes is altcoin signals provider targeted towards the Hindi community. It’s a one-man show with a fiercely loyal following that says a lot about the members who decide to join. The trader does a great job in providing analysis on different cryptocurrencies, as well as the general health of the market as a whole.
One of the few altcoin signals groups to have a YouTube channel, Crypto Notes places an emphasis on education as well as releasing signals that make their members money. The group is targeted towards the Hindi community, but we felt that it deserved a mention due to the loyalty that’s visibly expressed by their members.
4. Mike Crypto Signals
Mike Crypto Signals has appeared on a few of our lists and says a lot about the community that the trader has managed to amass, with about 8,000 subscribers, as well as the quality of the signals themselves. Mike Crypto Signal is also a one-man band that provides exclusively only altcoin signals.
As mentioned in previous posts, it’s not the most active channel in the world, but this is more than offset by the consistency and accuracy of his signals. The group is a solid group and can certainly been seen as a solid provider of altcoin signals in the cryptocurrency space.
5. AltSignals
AltSignals are an established group of traders that have been around since late 2017. In terms of branding they’re certainly one of the more well-known groups and therefore can be seen as a respectable source from which to receive altcoin signals.
They provide in-depth analysis on the wider health of the cryptocurrency space which they then use to inform which altcoins would make a good trade or not. In terms of returns, they also aim for small but consistent returns in a bid to allow their members to generate an income trading cryptocurrencies.
Conclusion
To conclude, altcoin signals are a great way of supplementing one’s income by essentially outsourcing the hard work of finding great trades to those who know what they’re doing.
You’re able to get the best of both worlds in trading a volatile asset, which means great returns, in combination with someone else doing the heavy lifting. However, it is vitally important that when choosing an altcoin signal provider to go with, you choose one who is reliable and is proven to generate attractive returns.
This list will hopefully help you cut through the noise and find a great altcoin signals provider that can help you start generating sustainable income trading cryptocurrencies.
