As Bitcoin’s value has surged, many crypto investors are exploring alternative cryptocurrencies, known as altcoins, for potentially higher returns. With thousands of altcoins available, selecting the most promising can be challenging. To assist in this process, a crypto analyst has compiled a list of 9 altcoins that may perform exceptionally well in the upcoming bull market.
Promising Altcoins to Consider for Major Gains
Crypto analyst Linton Worm anticipates the next crypto bull market to kick off in October 2024, prompting many to strategize on investing in the right altcoins beforehand. Worm has shared insights with over 138,500 followers on X (formerly Twitter), detailing the top 9 altcoins to consider for investment.
Realio Network (RIO)
Realio Network (RIO) is noteworthy with a market cap of $6.7 million and a fully diluted valuation of $56.3 million. Its focus on the Real World Asset (RWA) sector, expected to grow into a trillion-dollar industry, puts it among the top altcoins likely to appreciate in value.
SUI Network (SUI)
Launched on May 3, 2024, Sui Network is a layer 1 blockchain poised to compete with Bitcoin and Ethereum. Currently valued at a market cap of $4.05 billion and a fully diluted cap of $15.01 billion, Worm considers it a strong contender for the upcoming bull market.
Celestia (TIA)
Celestia, another layer 1 blockchain launched in October 2023, has seen its native token TIA decline in value post a market downturn. With a current market cap of $1.28 billion, and a fully diluted valuation of $6.49 billion, it is believed to have significant upward potential.
LayerZero (ZRO)
LayerZero (ZRO), an interoperability network that launched in 2024, currently sits below a $1 billion market cap, marking it as a potential growth property in the eyes of analysts as the bull market approaches.
Simon’s Cat (CAT)
Meme coins continue to capture attention, with Simon’s Cat being a prominent player recently. With a market cap of $262 million, its future performance looks promising.
Breeder Dodo (DODO)
The decentralized exchange Dodo continues to thrive within the DeFi ecosystem, and its token is expected to perform well alongside its platform’s ongoing success.
TokenFi (TOKEN)
TokenFi is making strides in the tokenization sector, and its TOKEN altcoin has been experiencing success, establishing it as a promising asset according to Worm’s assessment.
Parcl (PRCL)
Parcl operates as a decentralized digital real estate protocol that recently conducted an airdrop of its PRCL token. With a $33 million market cap, it appears to be a favorable option in anticipation of the bull market.
Ethena Labs (ENA)
Finally, ENA, the native token for Ethena Labs, rounds off the analyst’s recommended altcoins. With a market cap of $96 million, there is potential for growth moving forward.
