Cryptocurrencies have been experiencing some volatility recently, and the big question on everyone’s mind is, “When will Altseason arrive?” Many investors are wondering if altcoins will start showing strength again after a period of underperformance compared to Bitcoin.
At the moment, many altcoins are struggling against Bitcoin’s dominance. Most altcoins have been wrecked in recent months, with the Altcoin Season Index hitting its lowest level since July 2023.
As the market moves through cycles, some altcoins have shown signs of bouncing back and analyst Ellio Trades took to his latest video and listed few altcoins that are ready to pump:
SOL stands out as one of the top blockchain platforms known for its speed and scalability. It currently ranges between $180 and $230, with an opportunity to buy if it dips into the low $100s. Long-term, Solana’s blockchain continues to thrive, and buying during a retracement could be a great move.
HYPE has proven to be a solid pick for those looking to capitalize on trading fees generated by exchanges. This pick-and-shovel play has performed well in the current market dip, offering safety to investors. While it may lose some shine as altcoins gain momentum again, it remains a solid hold during uncertain times.
OM is a standout in the Real-World Asset (RWA) sector, having shown remarkable performance and positioning itself to tokenize real-world assets like stocks and bonds. With RWA likely becoming a significant trend in crypto, Mantra’s protocol is well-structured for potential growth.
LINK continues to be a go-to solution for decentralized oracles in the crypto space. With its continued dominance in the market and its involvement in RWA tokenization, Chainlink is well-positioned for long-term growth, especially as blockchain adoption expands in sectors like finance and asset management.
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