Altcoins
4 Altcoins to Buy Before Altcoin Season Starts
As the crypto market approaches altcoin season, which is likely to begin by the end of summer and continue until the end, the search for the best altcoin options is on. However, there are thousands of cryptocurrencies on the market, each with a different use case and performance history, making it even more difficult to choose the best.
Nonetheless, a few evergreen altcoins with a profit history should also not be missed for the season. In this blog, let’s discuss the top 4 altcoins you should definitely buy before the Altcoin season begins.
1.Solana (SOL)
Nowadays, Solana is the most popular blockchain network due to the success of Solana Coins. The Solana network’s native token, SOL, is a popular altcoin, currently trade to $145.97 after a slight increase yesterday. The demand for the token is explained by the 109% increase in its trading volume over the last 24 hours, pushing the value to $2,077,586,755.
Additionally, Solana is ranked 5th among the top 10 cryptocurrencies on CoinmarketCap, with its market capitalization of $65,459,493,601. Investing in Solana will be the right approach to welcome the altcoin season.
2.Polygon
The polygon is a layer 2 solution, considered the best alternative to the Ethereum network. It has gained popularity over the years and its native token, MATIC, is among the top 20 cryptocurrencies for its market capitalization of $6,624,997,147.
MATIC is currently trading at $6,625,428,706 with a trading volume of $221,318,234 after an increase of 104.57%. Although MATIC’s value is currently declining, the history of this altcoin reveals the possibility of making big profits at the right time.
3.Toncoin
Toncoin has gained popularity thanks to its current collaboration with the social media platform Telegram. Telegram has a long history with Toncoin and influences the value of Toncoin. Additionally, TON has a history of profits, as the token created an ATH of $7.65, which is only 5% of its current value.
At the time of writing, TONNE is trading at $7.26 and ranks 8th for its market cap of $25,230,439,674. Its trading volume jumped 202%, bringing its value to $772,630,158. If the trend continues, TON will set a new ATH in the next few hours only.
4. Chain link
Chain link has continually worked on adding new features and Smart contract market characteristics. Just recently, Chainlink integrated six new services for various blockchains, including DeFI projects, Fitech hubs, and web3 games. These continued efforts have increased the value of this altcoin in the crypto market, making it the perfect option for the altcoin season.
Additionally, Chainlink’s native token LINK is ranked 16th for its market cap of $7,928,632,368. At the time of writing, LINK is trading at $13.53 and saw a 52% increase in trading volume.
According to crypto analysts Mikybull Crypto, altcoins are in a phase of disbelief, usually leading to huge rallies in the past. Much of this analysis directly points to the possibility of seeing an altcoin season soon.