As the price of Bitcoin has surged over the years, many crypto investors have sought other options for greater potential returns, leading to the rise of altcoins. However, with thousands of altcoins available, selecting the most promising ones can be quite challenging. In response, a crypto analyst has compiled a comprehensive list of 9 altcoins that may perform exceptionally well during the upcoming bull market.
Altcoins That Could 100X
Crypto analyst Linton Worm anticipates that the next bull market for cryptocurrencies will commence in October 2024. Consequently, it’s essential to be prepared for the upcoming crypto bull run, prompting investors to consider purchasing the right altcoins ahead of time. Linton Worm has shared insights with their 138,500+ followers on X (formerly Twitter), outlining the top 9 altcoins to invest in for optimal positioning.
Realio Network (RIO)
Realio Network (RIO) makes its debut on this list with a market cap of $6.7 million and a fully diluted market cap of $56.3 million. It is among the leading altcoins that are tapping into the Real World Asset (RWA) industry, which is forecasted to become a trillion-dollar sector. This strong potential for the RWA market is expected to drive the coin’s value higher.
SUI Network (SUI)
The Sui Network is a layer 1 blockchain that launched on May 3, 2024, poised to compete with major players like Bitcoin and Ethereum. Currently, it has a market cap of $4.05 billion and a fully diluted market cap of $15.01 billion, making it one of the strong altcoins expected to thrive during the bull run.
Celestia (TIA)
Launched in October 2023, the Celestia blockchain is another layer 1 solution. Its native token, TIA, enjoyed a strong initial performance before retracing much of its gains due to recent market volatility. It presently has a market capitalization of $1.28 billion, while its fully diluted valuation of $6.49 billion indicates significant upside potential.
LayerZero (ZRO)
LayerZero (ZRO) is an interoperability network that gained significant attention upon its launch in 2024. With a market cap currently sitting below $1 billion, it has secured its place on the list of powerful altcoins to watch as October 2024 approaches.
Simon’s Cat (CAT)
Meme coins continue to attract attention in the crypto world, and Simon’s Cat is among the trending meme cryptocurrencies. With a market cap of $262 million, analysts believe this altcoin has the potential for strong performance in the market.
Breeder Dodo (DODO)
In the realm of decentralized finance (DeFi), decentralized exchanges continue to thrive, often elevating the value of their native tokens. Consequently, DODO has garnered attention as one of the altcoins anticipated to perform well.
TokenFi (TOKEN)
TokenFi is emerging as a key player in the tokenization sector, and its associated TOKEN altcoin has achieved notable success. This places it among the altcoins that Linton Worm is optimistic about for future performance.
Parcl (PRCL)
The Parcl platform operates as a decentralized digital real estate protocol, having distributed its PRCL token via an airdrop to users engaging with the platform. With a market cap of $33 million, it stands out as a promising altcoin in the anticipated bull market.
Ethena Labs (ENA)
Completing the analyst’s list is ENA, the native token of Ethena Labs. With a market cap of $96 million, this token also possesses the potential for significant growth moving forward.
Featured image created with Dall.E, chart courtesy of Tradingview.com
