Altcoins
5 Best Altcoins to Add to Your Wallet for Summer 2024
A huge buying opportunity is available on altcoins, with many double-digit discounts this month.
However, Ethereum ETFs will launch in July, so the low prices may be short-lived.
With this in mind, let’s explore the five best altcoins to add to your portfolio for summer 2024.
PlayDoge
Our top pick of altcoins to buy for summer 2024 is PlayDoge. The project taps into the emerging Play-to-Earn cryptocurrency craze and also caters to meme coin enthusiasts.
PlayDoge is inspired by the famous Tamagotchi game from the 90s. Like the original, PlayDoge users will care for an 8-bit virtual pet, ensuring it is fed, rested and entertained.
They will earn XP by interacting with their pet and completing minigames, which results in $PLAY rewards.
These rewards can be exchanged for other cryptocurrencies, used to make in-game purchases or staked.
Users must also hold $PLAY to receive rewards.
With this inherent utility of tokens and a meme coin pull, PlayDoge has the best of both worlds and could thrive this summer.
Investors can
It is currently in the pre-sale phase, which has raised $5 million so far. Investors can buy $PLAY for $0.00512, but this price will rise in two days.
Ethereum Name Service
As mentioned, Ethereum spot ETFs are set to launch in July. This will allow Wall Street players to invest in Ethereum for the first time.
If Bitcoin ETFs are any indication, this could inject billions of dollars into ETH, potentially flowing into its ecosystem tokens.
Ethereum Name Service is one of the major players that could benefit from this. It is Ethereum’s go-to protocol for custom names for wallets, websites, and more.
ENS is the native governance token of Ethereum Name Service. This means that the owners have a say in important changes and developments of the project.
It is currently trading at $22.46, down 9.6% today, 3.2% this week and 4.2% this month. ENS holds a 24-hour trading volume of $709 million and a 24-hour trading volume of $118 million.
Pepper Unleashed
Another cryptocurrency that could benefit from Ethereum ETFs is Pepper Unleashedthe first Pepe-themed Ethereum layer 2 blockchain.
The project is currently in the pre-sale stage so that investors can purchase it at the lowest price.
It has raised nearly $500,000 so far and its price is $0.008032. However, this price will increase throughout the campaign, with the next increase occurring on one day.
Similar to PlayDoge, Pepe Unchained has the appeal of a meme coin to appeal to the masses, but its true value lies in its utility.
Transactions on Pepe Unchained are 100 times faster and much cheaper than on Ethereum, which could be crucial as Ethereum on-chain activity increases during ETF launches.
The project is designed to host meme coins, strategically aligning the technological and cultural vanguards of cryptocurrencies.
Those who try to buy Pepe Unchained in advance sales it is advisable to act promptly to secure the best price.
Ondo Finance
Ondo Finance is a real-world asset (RWA)-focused cryptocurrency that provides institutional-grade financing on-chain.
The protocol has two flagship products: USDY, a yield-generating stablecoin, and OUSG, tokenized short-term US Treasuries.
Ondo’s offerings represent a game-changer in the financial sector, providing seamless, global exposure to U.S. Treasury securities.
Its use case has generated tremendous excitement and enabled substantial growth for ONDO since its launch in January.
ONDO has risen more than 500% since launch and is currently trading at $1.07. It has a market capitalization of $1.4 billion and a 24-hour trading volume of $155 million.
The project is the largest RWA cryptocurrency by market capitalization, which is significant because the sector is attracting huge interest.
For example, the world’s largest asset manager, BlackRock, aims to do this tokenize His fortune is worth $10 trillion through technology.
With Ondo leading the RWA market, it could definitely be one of the best altcoins to buy this summer.
Pepper
While we’ve covered Pepe Unchained, its legacy counterpart, Pepe, is also another solid option to buy now.
Since his birth in April 2023, Pepe has remained at the forefront of memetic culture. Its famous mascot Pepe the Frog is recognizable by meme enthusiasts around the world.
Furthermore, Pepe could be a good buy thanks to the Ethereum ETF.
Due to its proximity to the Ethereum network, many traders see Pepe as a beta version of ETH. This means that Pepe follows the price action of ETH, except with more volatile swings.
If Ethereum ETFs were to support the price of ETH, as Bitcoin ETFs did for BTC, we could see a huge upward move for the frog-themed meme coin.
It is currently trading at $0.00001045, down 11% today, 10% this week, 25% this month, and up 546% this year.
Pepe is the third largest meme coin, behind Dogecoin and Shiba Inu. It currently has a market capitalization of $4.3 billion and a 24-hour trading volume of $544 million.