SkyBridge's Scaramucci bets on Solana, Avalanche and TON as 2026 altcoin winners

Source: CryptoNewsNet Original Title: SkyBridge’s Scaramucci bets on Solana, Avalanche and TON as 2026 altcoin winners Original Link:

Market Overview

SkyBridge Capital founder Anthony Scaramucci identified Solana, Avalanche and TON as his top three cryptocurrency altcoin selections, citing potential interest rate cuts and regulatory developments as factors that could benefit the sector in 2026.

2025 Altcoin Challenges

Scaramucci characterized 2025 as a difficult year for altcoins, attributing market pressure to significant selling by large holders into exchange-traded fund demand.

“There’s probably a large amount of whale selling this year into the ETF demand,” Scaramucci stated, pointing to a deleveraging event around October 10 as an amplifying factor. He described a liquidity crisis that impacted market makers, resulting in a 30% decline in bitcoin prices. His internal sentiment indicator currently registers at 13 or 14 out of 100, indicating bearish positioning.

Path to Recovery

The hedge fund manager suggested that improved sentiment could result from reduced large-holder selling, steadier ETF inflows, or progress on cryptocurrency regulation.

Scaramucci emphasized the importance of U.S. market-structure legislation, specifically referencing the Clarity Act. He argued that legal uncertainty constrains tokenization efforts and institutional adoption.

“Who’s going to spend the kind of money that you need to switch over the financial system if you’re not guaranteed that you’re going to be able to use it,” Scaramucci said.

He estimated the probability of legislative passage before midterm elections at above 50%, citing bipartisan political incentives related to cryptocurrency-aligned campaign spending.

Altcoin Selections

Solana (SOL): Scaramucci named Solana as his top choice, describing it as low-cost, fast and developer-friendly. He positioned his view as compatible with a “multicoin world” and stated he maintains a positive outlook on Ethereum (ETH).

TON: Scaramucci disclosed that he purchased TON, the Telegram-linked token, at higher prices before averaging down his position. He cited the token’s potential utility across Telegram’s network as a factor in his selection.

Avalanche: Included in his top three selections alongside Solana and TON.

Macroeconomic Outlook

Scaramucci projected two to four interest rate cuts in the coming year. He suggested that political considerations ahead of midterm elections could drive policies favoring economic growth, which he characterized as beneficial for equity and cryptocurrency markets.

Scaramucci stated he recently purchased additional bitcoin for his family, betting that ETF flows and accommodative monetary policy could offset selling pressure from 2025. He maintained a previous price target for bitcoin while acknowledging his timing was delayed by approximately one year.