Altcoins
Five Best Altcoins to Buy for Huge Returns
There has been talk of an altcoin season, otherwise known as altseason, for the past few months. However, over the past couple of weeks, bears have quieted down a lot of that talk as the market has been in decline.
Despite the market’s bearish outlook, Quant CEO Ki Young Ju has identified an indicator that suggests the altseason may begin sooner than many expected. The altseason suggests the market will see a rapid rise, but the altcoins to watch are APORKCardano, Toncoin, Curve DAO and Solana.
The Ethereum indicator signals that the altcoin season will begin soon
Ahead of the highly anticipated approval of Ethereum ETF spot trading, Quant’s CEO updated his outlook on the altseason. According to Ki Young, Ethereum’s MVRV (Market Value to Realized Value) indicator is now sending a bullish signal.
This indicator is used to evaluate whether an asset is undervalued or overvalued. Given ETH’s current position on this indicator, Quant’s CEO says, “We are entering early altcoin season,” as Ethereum’s MVRV is rising faster than Bitcoin’s.
The best Altcoins to buy for the 2024 Altseason
While Ethereum is often used as a barometer for altseason, below are five of the best altcoins to invest in for a much greater profit than ETH.
1. Angry Pepper Fork
Aangry Pepe Fork (APORK) is one of the new altcoins that has received a lot of attention from investors. This growing interest in Angry Pepe Fork stems from its decision to solve many of the problems commonly associated with meme coins. For example, Angry Pepe Fork is a MemeFi project designed to offer real-world utility and the ability for all community members to collectively earn.
Angry Pepe Fork stands out from other meme coins with a brand new “Conquer To Earn” mechanism. This new model introduced by Angry Pepe Fork aims to eliminate zombie meme coins in the meme coin space. Offers APORK members the chance to win free tokens by defeating useless zombie projects. But that’s not all the real-world use Angry Pepe Fork offers.
Additionally, Angry Pepe Fork army members can also collectively earn through staking, and the APY increases as more zombie meme coins are defeated. Additionally, members have the freedom to choose the lock-in period of 30, 60 or 90 days based on the member’s risk appetite. Finally, it also surpasses Solana’s top memecoins with improved tokenomics, meaning there will only be 1.9 billion APORK tokens.
Due to these factors, there has been a rush to pre-sale APROK, with over $160,000 raised in just a few days with the $1 million milestone in sight by July. Although it is currently priced at $0.014, experts see APORK trading as low as $1 this year, clearly making it one of the best altcoins to invest in for the altseason.
2. Cardan
Among the top 10 altcoins this year, Cardano (ADA) has been the biggest loser, losing 38% year to date. However, industry experts are optimistic that the situation will change soon, especially with the launch of the Chang Upgrade around the corner. This is the largest update in Cardano’s history and is expected to have a major impact on the price of ADA.
Further strengthening the bull case for Cardano, the project has been on the receiving end of some notable partnerships with on-chain parameters that also support a price increase. Popular cryptocurrency expert Sebastian has expected that from its current range of $0.3800, Cardano will trade as high as $3 before the end of the year.
3. Toncoin
The best performer among the top 10 altcoins, Toncoin (TON), clearly has room for growth in the upcoming altseason. The recent increase in the number of projects on TON and Telegram are key factors that will play a role in helping the altcoin price climb even higher this year.
In just three weeks, the total value locked on the Toncoin network doubled to an all-time high of $605 million. Additionally, CryptoQuant reported that Toncoin volumes are increasing, reaching 10% of those of Bitcoin. While the price of Toncoin has risen to around $7, market analysts are predicting a 5x rally that will take TON up to $35 this peak season.
4. DAO Curve
Curve DAO (DAO) is one of the top altcoins in the Ethereum network that went unnoticed during this year’s bull cycle. Ahead of Ethereum’s potential breakthrough, analyst Credible Crypto has picked Curve DAO as one of the altcoins to watch for the second half of this year.
According to a reputable market analyst, Curve DAO price is on the verge of a massive rally. Credible Crypto claims that the price of CRV could skyrocket above $6, representing a potential gain of more than 17x from the current level, making Curve DAO one of the best altcoins to buy now.
5. Solana
Solana (SOL) has certainly shown its explosive potential in 2023 and the first few weeks of 2024. However, since peaking above $200 in April, Solana has been trending lower, with the altcoin’s price finding support in the $130 range.
Things are about to change as the EMA200 on the 1D Solana price chart suggests that SOL has bottomed. Market experts expect a massive recovery thereafter. Immortal, a popular crypto analyst, did this expected that Solana’s price could rise above $500, representing an opportunity for investors to make some profits.
Conclusion
With the altseason expected to bring a massive bullish wave to the market, the best altcoins to buy are Angry Pepe Fork, Cardano, Toncoin, Curve DAO, and Solana. While TON, ADA and SOL will see major gains, APORK has the chance to earn investors the biggest returns this altseason.
Savvy investors are already jumping on the Angry Pepe Fork bandwagon, given its potential to change an entire market while creating multiple opportunities for members of its community to earn passive income.
Visit the Angry Pepe Fork presale
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