Altcoins
5 Best Altcoins to Buy for the Biggest Returns This Altseason
Alterseasons are periods in cryptocurrency bull cycles where the overall market capitalization of all altcoins (all cryptocurrencies other than Bitcoin) outperforms BTC. During different seasons, it is normal for Bitcoin dominance to fall to its lowest.
These periods are often characterized by higher capital inflows into altcoins than into Bitcoin. With the current crypto bull cycle expected to last at least a year or more, market analysts are confident that we are entering what could be the biggest alter-season since 2017.
Michaël Van De Poppe confirms Altseason 2024
Michaël Van De Poope, seasoned crypto analyst and trader, in a recent job, explained that top altcoins are expected to generate higher returns than Bitcoin, an altseason. Although Bitcoin has outperformed the altcoin market over the past four months, he believes that an altcoin rebound is imminent.
Based on historical trends, altcoins are outperforming Bitcoin weeks after its halving and the same trend is expected to repeat itself. As we head into this historic alt season, analysts have shared their picks for the five best altcoins to buy for massive returns in 2024. These altcoins are DTX Exchange (DTX)Ethereum (ETH), Chainlink (LINK), Solana (SOL) and Hedera (HBAR).
DTX Exchange (DTX): the new all-in-one platform that revolutionizes trading
The first, and perhaps best, altcoin to watch in the 2024 alt season is $DTX, the native token of DTX Exchange. With global involvement in the cryptocurrency market at an all-time high, stock exchanges are bound to play an important role in this bull cycle. DTX is the next generation of crypto exchanges, as it offers the best of both centralized (CEX) and decentralized (DEX) platforms.
In addition to offering a hybrid architecture, DTX Exchange offers 140,000 financial instruments and stocks, CFDs and many altcoins from a single trading platform. The hybrid nature of DTX means it offers a highly scalable platform and lightning-fast execution times while providing all the custody benefits of a DEX.
Connecting to multiple markets makes DTX the all-in-one platform for trading and investing. It also offers unmatched leverage, which has further attracted smart investors to the platform. Like other crypto exchanges, DTX has its own native token, $DTX, which holders can stake to earn revenue from the platform’s revenue and access low trading fees.
Due to the undeniable impact that DTX Exchange can have on the crypto space, analysts are optimistic that the price of $DTX can skyrocket 25 times this season. With the token currently priced at just $0.04 in its second presale stage, $DTX is clearly one of the best altcoins to invest in for significant returns this bull cycle.
Ethereum (ETH): big moment on the way to the Top Altcoin
Historical data shows that the leading altcoin, Ethereum (ETH), is often a big winner with each new season. So although Ethereum price has underperformed Bitcoin and most of the crypto market in 2024, it remains one of the coins Michaël Van De Poope has his eyes on for the new 2024 season .
According to Van De Poope, Ethereum is approaching a big moment and will surpass BTC in the coming months. Based on his predictions, ETH could reach the $4,000 level by August. One of the events that could trigger this potential increase is the approval of spot ETFs for Ethereum.
Chainlink (LINK): interest in RWA tokenization to trigger a rally
Like Ethereum, Chainlink (LINK) is not among the top altcoins in 2024, with its price only increasing 12% year-to-date. A major trend that could change the trajectory of Chainlink price is the tokenization of real-world assets (RWA).
Chainlink has become one of the pioneers of this multi-billion dollar industry, recently partnering with JP Morgan, Templeton and BNY Mellon to accelerate the tokenization of funds. As Chainlink usage grows, analysts estimate that LINK will surge more than 4x to set a new ATH above $50 this season.
Solana (SOL): claims the title of fastest blockchain
Although Solana (SOL) has had stability issues, the speed of the Solana blockchain has never been in question. A recent publication by CoinGecko proved that Solana was the fastest among large blockchains, averaging a daily TPS of over 1,504.
This award comes at a time when adoption of the Solana network is at its peak, particularly by dApp and meme coin developers. This growing adoption has also influenced the Solana price prediction, with pseudonymous trader Immortal predicting that SOL has seen its final decline for this bull cycle. Her prediction suggests that the altcoin could rise by over 100% this season.
Hedera (HBAR): Makes a Strong Case for Adoption by Big Banks
Hedera (HBAR) has been in the news for several potential adoption cases in recent weeks. Although its partnership with BlackRock has been debunked and CitiGroup’s speculations have not been confirmed, Hedera Hashgraph continues to advocate for its adoption.
The project recently entered into a strategic partnership with Qatar focused on the creation of a digital assets studio. This growing adoption of Hedera could propel the price of HBAR to $1 before the end of this new season.
The best Altcoin to HODL this Altseason
Although all of these altcoins are destined for significant price increases this season, DTX is the clear winner. As a project at the heart of the crypto market, but expected to transform the industry with its all-in-one platform, DTX is expected to skyrocket more than 25 times this bull cycle.
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