TLDR:
- Several crypto analysts, including Santiment, have confirmed, based on historical trends, that an altseason is around the corner.
- Chainlink and Stacks are top altcoins predicted to record massive price increases this altseason.
- The third altcoin, NuggetRush, while a new addition, has been forecasted to yield up to 50x ROI.
The altseason is happening in 2024, and several top analysts, including those at Santiment, have confirmed this trend. Moustache is the latest analyst to predict a major altseason, highlighting the similarity to the pump of 2018-2021. According to experts, the best altcoins to buy for major gains this altseason are Chainlink, Stacks, and NuggetRush.
Historical Pattern Suggests Massive Breakout for Chainlink (LINK)
Chainlink (LINK) might not have been among the best altcoins of 2024, being down 8% year-to-date, but analysts are very bullish about this altcoin. According to Immortal, Chainlink is in a consolidation phase that will be followed by a massive breakout rally. While LINK is currently in the $14.00 range, Chainlink has been forecast to hit a new ATH above $50.00 this altseason.
Another factor that establishes Chainlink’s position as one of the top altcoins to buy is the tokenization of real-world assets. As a frontrunner in a potential trillion-dollar market, analysts are generally optimistic about the long-term potential of LINK.
NuggetRush (NUGX) Has What It Takes to Be the Dark Horse of This Altseason
Historically, every altseason produces a few altcoins that significantly outperform the rest of the cryptocurrency market. NuggetRush (NUGX) has been picked as one of the altcoins to watch, as it has the solid foundation, strong backing, unique use case, and community support that could make it the dark horse of the 2024 altseason.
NuggetRush is a new DeFi project creating a new niche in the GameFi sector with its combination of P2E, artisanal mining, NFT staking, and real world impact. In the mining game, players can take part in competitions and mining activities to earn precious minerals and popular NFTs, which they can sell for real money on NuggetRush’s marketplace.
On the social impact front, NuggetRush extends its commitment to sustainability by using programs to encourage responsible mining practices and eco-consciousness. This makes NUGX one of the top social tokens to buy and HODL this altseason.
Another interesting feature of NuggetRush is NFT staking with an APY of up to 20%. However, this is possible for players who find any of the extremely rare RUSHGEM NFTs. The combination of these exciting features is why NUGX is ranked among the best altcoins to invest in, as it has been forecasted to surge from $0.010 to $1.00 this altseason.
Stacks (STX) to Ride the Layer-2 Boom on the Bitcoin Network
Over the last few months, the development of layer-2 projects and DApps have taken center stage on the Bitcoin network. Stacks (STX) is one of the best alt coins positioned to benefit from this growth, as it is one of the first and biggest L2 networks on Bitcoin.
As the interest in Bitcoin DeFi grows, the Stacks active accounts recently surged to reach a new record high. With this trend predicted to continue deep into 2024, analysts are optimistic about the future of Stacks. While the STX coin currently trades around the $2.10 range, a target of $5.00 has been set for Stacks this altseason.
Final Thoughts
The altseason is here, and a massive increase across the altcoin market is expected. Based on the predictions of analysts, investors looking to make big profits from the 2024 altseason should be paying attention to promising altcoins like Chainlink, Stacks, and NuggetRush.