Altcoins
Is the Crypto Bull Market Back? Top 5 Altcoins to Buy Now
This article has been paid*
The cryptocurrency market appears to be on the verge of a major bull run, with several large-cap altcoins poised to explode in the coming days.
Bitcoin price has bounced nearly 16% from its local low earlier this month and is trading at $63,000 at press time.
With cryptocurrency market sentiment now decidedly bullish, some experts expect BTC to hit $72,000, creating the perfect backdrop for altcoin price surges.
Is the Cryptocurrency Bull Market Back?
Some analysts have warned that it would be premature to say that Bitcoin is out of the danger zone, at least until it reclaims the $63,800 support level.
However, it is difficult to ignore the major bullish narratives at play. The failed assassination of former President Donald Trump has made him the clear favorite to win the upcoming presidential election in November.
Trump has been unabashedly pro-crypto and is even expected to deliver a keynote speech at Bitcoin 2024 this month. More importantly, a Trump presidency would likely result in a pro-crypto administration of the SEC and CFTC, a decidedly bullish scenario for large-caps like XRP.
Spot Ethereum ETFs are also expected to start trading this week. Analysts will continue to monitor the ETH/BTC trading pair, which is currently hovering around 0.053. A breakout above the 0.06 level paves the way for an altcoin bull market.
The start of the Federal Reserve’s quantitative easing could be the last domino to fall. The Fed looks set to start cutting interest rates in September.
In essence, all signs point to Bitcoin hitting a local bottom and it looks like a major cryptocurrency bull market is on the horizon.
Top 5 Altcoins to Buy Now
We list the top 5 altcoins to buy now, which can potentially guarantee maximum returns in an upcoming bull market.
Pepper (PEPPER)
Pundits remain largely bullish on Pepe, even though it is currently valued at 43% below its all-time high.
The bullish thesis for PEPE is pretty simple: the frog-themed meme coin shows a strong correlation with Ethereum, with savvy traders seeing it as a beta move on ETH.
With spot ETH ETFs set to start trading soon, it wouldn’t be a surprise to see PEPE push to a new high in the coming weeks. The meme coin is already up nearly 9% today, thanks to improved crypto market sentiment.
All signs point to PEPE re-emerging as one of the best-performing cryptocurrencies, especially if ETFs see strong inflows.
In fact, some experts believe it could flip the Shiba Inu during this cryptocurrency bull market.
Pepper Released (PEPU)
A bullish Pepe rally would likely give a huge boost to other frog-themed tokens. While most copycat tokens act as pump-and-dump schemes, experts believe that Unleashed pepper manages to stand out from the crowd.
The new meme coin has already caught the attention of investors, thanks to its native Layer-2 blockchain. As a result, PEPU promises low trading costs and high staking rewards, providing the ideal backdrop for high retail investment.
In fact, the Pepe Unchained Staking Protocol currently offers a reward rate of over 500%.
Unsurprisingly, the meme coin is in high demand and has already raised over $3.6 million in its ICO.
Italian: https://www.youtube.com/watch?v=KH6TEryad_0
Several smart traders are also bullish on PEPU, with some even hinting at the possibility of 10x to 100x returns.
WienerAI (WAI)
WienerAI It is another new Ethereum meme coin that has impressed analysts with its cutting-edge utility.
As the name suggests, it’s a combination of memes and AI, a rare but promising mix. In fact, WienerAI has already raised over $7.4 million in its ongoing presale.
Similar to FLOKI, the project is launching its Trading Bot, powered by next-generation AI. Token holders can get answers to all their crypto-related questions and receive alpha trading setups and MEV protection, at no additional cost.
As if that wasn’t enough, investors can invest their stocks and earn attractive returns, currently with an APY above 150%.
In particular, during the cryptocurrency rally in the first quarter of this year, new meme coins turned several small investors into millionaires. Experts believe that this phenomenon could be repeated in the next bull market.
Italian: https://www.youtube.com/watch?v=r6iDh-M-Rzk
As a result, some cryptocurrency influencers believe that WienerAI could potentially deliver returns of up to 100 times higher.
Solana (SOL)
With the upcoming start of trading for spot Ethereum ETFs, all eyes are on Solana.
VanEck and 21Shares have already applied for Solana spot ETFs. Given the success BlackRock and Fidelity have had with Bitcoin, it’s hard to imagine them not jumping in on the action.
The current SEC administration, led by Gary Gensler, sees Solana as a safe haven. However, the Commission’s view may change under a new chairman, which would likely happen under a Trump presidency.
Unsurprisingly, Solana’s price has risen 10% in the past week, settling above $153, as the odds of a Trump presidency have improved significantly.
Chain (LINK)
Chainlink has been the frontrunner of most cryptocurrency bull markets. Whales and institutions think that LINK will emerge again as one of the best performing cryptocurrencies in the next bull market.
Data from Lookonchain reveals that whales have purchased nearly $167 million worth of LINK since June 24.
Michael van de Poppe by MN Trading, which has over 700k followers on X, reveals that Chainlink price has successfully defended its range lows and is poised for a reversal. Other experts also predict that the token will push towards the $20 price point by the end of the month.
*Cryptonomist did not write the article nor has tested the platform.