Altcoins
5 Best Altcoins to Buy for the Highest Returns This Altseason
Altseasons are periods in cryptocurrency bull cycles where the aggregate market capitalization of all altcoins (all cryptocurrencies other than Bitcoin) exceeds BTC. During other seasons, it is normal for Bitcoin dominance to drop to lows.
These periods are often characterized by greater capital inflows into altcoins than Bitcoin. Although the current cryptocurrency bull cycle is expected to last at least another year or more, market analysts are confident that we are entering what could be the biggest altseason since 2017.
Michaël Van De Poppe confirms the 2024 Altseason
Veteran cryptocurrency analyst and trader Michaël Van De Poope, in a recent send, explained that the best altcoins are expected to produce higher returns than Bitcoin, an altseason. Although Bitcoin has outperformed the altcoin market over the past four months, he believes an altcoin rebound is imminent.
Based on historical trends, altcoins outperform Bitcoin weeks after its halving, and the same trend is expected to repeat. As we head into this historic altseason, 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 the main altcoin to watch in the 2024 altseason, is $DTX, the native token of DTX Exchange. With global involvement in the cryptocurrency market at an all-time high, exchanges are set to play a major role in this bull cycle. DTX is the new generation of cryptocurrency exchanges, offering 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 whilst offering all the custody benefits of a DEX.
Connecting to multiple markets makes DTX the all-in-one platform for both trading and investing. It also offers unmatched leverage, which has further attracted smart investors to the platform. Like other cryptocurrency exchanges, DTX has its own native token, $DTX, which holders can stake to earn income from the platform’s earnings and access reduced 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 25x this peak season. With the token currently priced at just $0.04 in its second presale phase, $DTX is clearly one of the best altcoins to invest in for major returns in this bull cycle.
Ethereum (ETH): Big time on the way to the best altcoins
Historical data shows that the leading altcoin, Ethereum (ETH), is often a big gainer in every altseason. So, although Ethereum’s price has underperformed Bitcoin and most of the cryptocurrency market in 2024, it is still one of the coins Michaël Van De Poope has his sights set on for the 2024 altseason.
Second Van De Poope, Ethereum is approaching a big moment and will overtake 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 surge is the approval of spot ETFs for Ethereum.
Chainlink (LINK): Interest in RWA tokenization to trigger a rally
Like Ethereum, Chainlink (LINK) has not been among the top altcoins in 2024, with its price rising only 12% year to date. One major trend that could shift Chainlink’s price trajectory is the tokenization of real-world assets (RWA).
Chainlink has emerged as one of the pioneers of this multi-billion dollar industry, having recently partnered with JP Morgan, Templeton, and BNY Mellon to accelerate the tokenization of funds. As Chainlink usage grows, analysts believe LINK by more than 4x will set a new ATH above $50 this peak 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 one publication CoinGecko demonstrated that Solana is the fastest among the large blockchains, with an average daily TPS of over 1,504.
This award comes at a time when adoption of the Solana network is at a high level, particularly by developers of dApps and meme coins. This growing adoption has also influenced Solana’s price prediction, with pseudonymous trader Immortal predicting that SOL has seen its last decline for this bull cycle. His prediction suggests that the altcoin could rise more than 100% this altseason.
Hedera (HBAR): Strongly supports adoption by large banks
Hedera (HBAR) has been in the news for several potential adoption cases in recent weeks. Even though its partnership with BlackRock has been denied and CitiGroup’s speculations have not been confirmed, Hedera Hashgraph continues to support its adoption.
The project recently entered into a strategic partnership with Qatar focused on building a digital asset studio. This growing adoption of Hedera could push the price of HBAR to $1 before the end of this altseason.
Best Altcoin to HODL this Altseason
While all of these altcoins are set to increase prices significantly this altseason, DTX is the clear winner. As a project at the center of the cryptocurrency market, but set to transform the industry with its all-in-one platform, DTX is expected to skyrocket more than 25 times in this bull cycle.
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