2024 Altcoin Season Sparks Potential Rally for 6 Key Tokens[embed]https://www.youtube.com/watch?v=kuloDzDpp8M[/embed]

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<p><strong>Experts and investors in the cryptocurrency space believe that the 2024 altcoin season might be underway, as indicated by multiple fundamental factors, particularly Bitcoin’s (BTC) sustained movement above $63,000.</strong></p>
<p>This optimism follows the Federal Open Market Committee (FOMC)'s decision to implement a 50 basis points interest rate cut in September, suggesting a positive state for the US economy.</p>
<h2 class="bic-gutenberg-heading wp-heading wp-block-heading" id="h-crypto-banter-founder-highlights-tokens-primed-for-altcoins"><strong>Crypto Banter's Founder Identifies Tokens Ready for Altseason</strong></h2>
<p>Crypto Banter, a well-known YouTube channel boasting over 1.08 million subscribers, claims that the 2024 altcoin season is kicking off. Its founder, Ran Neuner, references the Federal Reserve’s (Fed) interest rate cut on Wednesday, which increases global liquidity and the record high observed in the <a href="https://fred.stlouisfed.org/series/MMMFFAQ027S" target="_blank" rel="noreferrer noopener nofollow">money market funds</a>. In light of this, he lists six tokens positioned well to soar if altcoin momentum builds.</p>

<h3 class="wp-block-heading" id="h-sui"><strong>SUI</strong></h3>
<p>Neuner begins with Sui (SUI), identifying it as a notable token that is rising in the market, potentially challenging Solana (SOL). SUI has been in the spotlight due to significant partnerships, like Circle’s USDC integration. Additionally, Grayscale has recently introduced a Sui Trust, resulting in a substantial increase in both its price and trading activity.</p>
<p>Ran Neuner believes that these solid fundamentals set SUI up for short-term success, especially if an altcoin season materializes.</p>
<h3 class="wp-block-heading" id="h-ftm"><strong>FTM</strong></h3>
<p>Another token highlighted by the analyst is Fantom (FTM), which is gaining traction after notable internal developments, including its rebranding to Sonic Labs in August.</p>
<p>This rebranding has attracted renewed investor interest, placing Fantom in a position for further expansion. Sonic Labs aims to build on this momentum with the upcoming Sonic Gateway, a decentralized bridge facilitating secure ERC-20 token transfers between Ethereum and Sonic.</p>
<p>This advancement has led to a surge in FTM, which has increased by 10% since the beginning of Thursday's session, trading at $0.33, according to BeInCrypto data.</p>

<h3 class="wp-block-heading" id="h-imx"><strong>IMX</strong></h3>
<p>ImmutableX (IMX) is also featured on Crypto Banter’s list of altcoins that are likely to surge in the event of an alt season. The gaming token has broken out of a falling wedge pattern, confirming a bullish reversal. Following this breakout, analysts <a href="https://x.com/ZAYKCharts/status/1836771087738380332" target="_blank" rel="noreferrer noopener nofollow">anticipate</a> a positive momentum wave.</p>
<p><strong>Read more: What Is Altcoin Season? A Comprehensive Guide</strong></p>
<figure class="wp-block-image size-full"><img decoding="async" width="1623" height="679" alt="IMX Price Performance" class="wp-image-572550 lazy" srcset="https://beincrypto.com/wp-content/uploads/2024/09/IMXUSDT_2024-09-19_17-51-54.png 1623w, https://beincrypto.com/wp-content/uploads/2024/09/IMXUSDT_2024-09-19_17-51-54-360x151.png 360w, https://beincrypto.com/wp-content/uploads/2024/09/IMXUSDT_2024-09-19_17-51-54-850x356.png 850w, https://beincrypto.com/wp-content/uploads/2024/09/IMXUSDT_2024-09-19_17-51-54-768x321.png 768w, https://beincrypto.com/wp-content/uploads/2024/09/IMXUSDT_2024-09-19_17-51-54-1536x643.png 1536w, https://beincrypto.com/wp-content/uploads/2024/09/IMXUSDT_2024-09-19_17-51-54-150x63.png 150w" sizes="(max-width: 1623px) 100vw, 1623px" loading="lazy" src="https://beincrypto.com/wp-content/uploads/2024/09/IMXUSDT_2024-09-19_17-51-54.png"/><figcaption class="wp-element-caption">IMX/USDT 2-day chart, Source: <a href="https://www.tradingview.com/x/WB4xl6ch/" target="_blank" rel="noreferrer noopener nofollow">TradingView</a></figcaption></figure>
<h3 class="wp-block-heading" id="h-aero"><strong>AERO</strong></h3>
<p>The portfolio evaluation also gives weight to Aerodrome (AERO), as its central trading and liquidity marketplace continues to prosper on Base L2. The core principle behind AERO is Aerodrome’s MetaDEX model, which integrates the best features of previous decentralized exchange leaders.</p>

<blockquote class="max-w-xl text-4.5 border-l-2 border-blue-600 pl-11 mb-9 select-all [&amp;_p]:!mb-0 wp-block-quote">
<p>“When evaluating Aerodrome’s expected outcomes through a model, it’s clear that token inflation is not in itself detrimental. Rather, emissions are just one aspect of an economic model—a cost that can be effectively managed and mitigated,” a DeFi researcher <a href="https://x.com/defi_monk/status/1836463396243542061" target="_blank" rel="noreferrer noopener nofollow">noted</a>.</p>
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<h3 class="wp-block-heading" id="h-sol"><strong>SOL</strong></h3>
<p>If these predictions hold true, Solana (SOL) may be preparing for a significant rally given its tendency to deliver impressive gains during altcoin market surges. Solana has frequently outperformed the market during broader altcoin booms, marking it as a key asset to monitor.</p>
<p>Currently, SOL is priced at $141.53, reflecting a 10% increase in the last 24 hours, as per BeInCrypto data.</p>
<h3 class="wp-block-heading" id="h-om"><strong>OM</strong></h3>

<p>MANTRA (OM) has secured a spot on the analyst’s radar due to the anticipated <a href="https://t.co/DcU8Rw4sNC" target="_blank" rel="noreferrer noopener nofollow">launch of its mainnet</a> in October. This occasion is set to mark a pivotal milestone for the project, aiming to bring real-world assets (RWA) onto the blockchain. The mainnet launch will play a crucial role in merging traditional finance (TradFi) with the blockchain space, unlocking new growth paths for MANTRA.</p>
<p><strong>Read more: How To Invest in Real-World Crypto Assets (RWA)?</strong></p>
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<p>Ran Neuner also pointed out several other tokens that might display strong upward movements, such as Arweave (ARV), THORChain (RUNE), Render (RNDR), Crown by Third Time Games (CROWN), and SuperVerse (SUPER). These tokens have maintained steady, conservative increases despite recent market fluctuations, positioning them well for greater jumps if an altcoin season emerges.</p>
<p>However, Neuner advises that investors closely follow the Bank of Japan’s (BOJ) CPI and interest rate decision on Friday. He cautions that a BOJ rate hike could jeopardize the current rally, potentially triggering a market correction. Conversely, a rate cut from the BOJ could bolster the existing upward trend.</p>
<blockquote class="max-w-xl text-4.5 border-l-2 border-blue-600 pl-11 mb-9 select-all [&amp;_p]:!mb-0 wp-block-quote">
<p>“Stay cautious and avoid overconfidence. We require favorable CPI data from Japan tomorrow and hope the BOJ refrains from raising rates on Friday. September holds potential liquidity challenges, so don’t over-leverage; only 8 days remain until the market genuinely stabilizes,” GamesMasterFlex <a href="https://x.com/GamesMasterFlex/status/1836611533905756525" target="_blank" rel="noreferrer noopener nofollow">commented</a>.</p>
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