Altseasons are periods in cryptocurrency bull cycles where the aggregate market cap of all altcoins (all cryptocurrencies other than Bitcoin) outperforms BTC. During altseasons, it is normal for the dominance of Bitcoin to drop to lows.
These periods are often characterized by higher capital inflows into altcoins than Bitcoin. While the current crypto bull cycle is expected to last for at least another year or more, market analysts are positive that we are stepping into what could be the biggest altseason since 2017.
Michaël Van De Poppe Confirms 2024 Altseason
Veteran crypto analyst and trader Michaël Van De Poope, in a recent post, explained that top altcoins are expected to yield higher returns than Bitcoin, an altseason. While Bitcoin has outperformed the altcoin market over the last four months, he believes that an altcoin rebound is imminent.
Based on historical trends, altcoins outperform Bitcoin weeks after its halving and the same trend is expected to be repeated. As we head into this historic altseason, analysts have shared their picks for the five best altcoins to buy for massive returns in 2024. These altcoins are DTX Exchange (DTX), Ethereum (ETH), Chainlink (LINK), Solana (SOL), and Hedera (HBAR).
DTX Exchange (DTX): The New All-In-One Platform Revolutionizing Trading
The first, and perhaps the top altcoin to watch in the 2024 altseason, is $DTX, the native token of the DTX Exchange. With global involvement in the cryptocurrency market at an all-time high, exchanges are bound to play an important role in this bull cycle. DTX is the new generation of crypto exchanges, as it offers the best of centralized (CEX) and decentralized (DEX) platforms.
In addition to offering a hybrid architecture, DTX Exchange offers 140,000 financial instruments and equities, CFDs, and many altcoins from one trading platform. The hybrid nature of DTX means it offers a highly scalable platform and lightning-fast execution times while offering all the custody benefits of a DEX.
The connection to multiple markets makes DTX the all-in-one platform for both trading and investing. It also offers unmatched leverage, which has further attracted smart investors to the platform. Like other crypto exchanges, DTX has its own native token, $DTX, which holders can stake to earn revenue from the platform earnings and access reduced trading fees.
Because of the undeniable impact the DTX Exchange can have on the crypto space, analysts are optimistic that the price of $DTX can skyrocket by 25x this altseason. With the token currently priced at only $0.04 in its second presale stage, $DTX is clearly one of the best altcoins to invest in for major returns this bull cycle.
Ethereum (ETH): Big Moment on the Way for the Top Altcoin
Historical data shows that the leading altcoin, Ethereum (ETH), is often a big gainer in every altseason. So, although the price of Ethereum has underperformed Bitcoin and most of the crypto market in 2024, it is still one of the coins Michaël Van De Poope has his eyes on for the 2024 altseason.
According to Van De Poope, Ethereum is approaching a big moment and will outperform BTC in the coming months. Based on his predictions, ETH could rally to the $4,000 level by August. One of the events that could spark this potential surge is the approval of spot ETFs for Ethereum.
Chainlink (LINK): Interest in RWA Tokenization To Spark a Rally
Like Ethereum, Chainlink (LINK) hasn’t been among the best altcoins in 2024, with its price rising by only 12% year-to-date. A major trend that could shift the trajectory of the Chainlink price is the tokenization of real-world assets (RWAs).
Chainlink has emerged as one of the frontrunners of this multi-trillion industry, recently partnering with JP Morgan, Templeton, and BNY Mellon to accelerate the fund tokenization. As Chainlink’s use grows, analysts believe LINK by more than 4x to set a new ATH above $50 this altseason.
Solana (SOL): Claims Fastest Blockchain Title
While Solana (SOL) has had issues with stability, the speed of the Solana blockchain has never been questioned. A recent publication from CoinGecko has proven Solana to be the fastest among large blockchains, averaging a daily TPS of over 1,504.
This award comes at a time when the adoption of the Solana network is at a high, particularly by dApp and meme coin developers. This growing adoption has also influenced the Solana price prediction, with the pseudonymous trader Immortal predicting SOL has seen its last dip for this bull cycle. His prediction suggests the altcoin could rise by more than 100% this altseason.
Hedera (HBAR): Makes Strong Case for Adoption Among Big Banks
Hedera (HBAR) has been in the news for several potential adoption cases over the last few weeks. While its partnership with BlackRock was debunked, and the CitiGroup speculations haven’t been confirmed, Hedera Hashgraph continues to make its case for adoption.
The project recently entered a strategic partnership with Qatar centered around building a digital assets studio. This growing adoption of Hedera could propel the price of HBAR to $1 before the end of this altseason.
The Best Altcoin To HODL This Altseason
While all these altcoins are bound for major price increases this altseason, DTX is the clear winner. As a project at the centerpiece of the crypto market, yet forecasted to transform the industry with its all-in-one platform, DTX has been forecasted to skyrocket by more than 25x this bull cycle.
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