Top Altcoins To Buy Now For Maximum Gains In This Crypto Bull Cycle
1. Ethereum (ETH): The second-largest cryptocurrency by market capitalization has been a go-to choice for investors seeking to diversify their holdings beyond Bitcoin. With the upcoming launch of Ethereum 2.0, which will bring scalability improvements an bind lower transaction costs, the potential for gains in the Ethereum ecosystem is significant.
2. Ripple (XRP): Despite ongoing legal battles with the U.S. Securities and Exchange Commission (SEC), Ripple has a strong presence in the global payments industry. If the legal issues are resolved in Ripple's favor, XRP could benefit from increased adoption and use within the traditional financial system.
3. Cardano (ADA): Cardano is a blockchain platform that aims to provide a more secure and sustainable platform for decentralized applications and smart contracts. With the recent launch of the Shelley mainnet, Cardano is poised to attract developers and dApp users, driving demand for the ADA token.
4. Polkadot (DOT): Polkadot is a multi-chain platform that enables different blockchains to interoperate and share information. As the crypto space becomes more fragmented with a variety of specialized blockchains, Polkadot's interoperability features could be highly sought after, leading to increased demand for DOT tokens.
5. Chainlink (LINK): Chainlink is a decentralized oracle network that connects smart contracts with real-world data. As smart contracts gain more mainstream adoption, the need for secure and reliable oracle solutions like Chainlink will grow, driving demand for LINK tokens.
6. Aave (AAVE): Aave is a decentralized lending and borrowing protocol built on Ethereum. With the rise in popularity of decentralized finance (DeFi) applications, Aave has positioned itself as a leader in the space, attracting users and investors looking to earn interest on their crypto holdings.
7. Uniswap (UNI): Uniswap is a decentralized exchange (DEX) built on Ethereum that facilitates the trading of ERC-20 tokens. As the largest DEX by trading volume, Uniswap benefits from the growing interest in decentralized finance and the need for efficient token swaps.
8. Binance Coin (BNB): Binance Coin is the native cryptocurrency of the Binance exchange, one of the largest crypto trading platforms in the world. BNB has a range of utilities within the Binance ecosystem, including discounted trading fees and token purchases on the Binance Launchpad, making it an attractive investment for those seeking exposure to the exchange's success.
CRYPTO MARKET CAPITALIZATION
The total crypto market capitalization has been consolidating in the past two months after a solid breakout fueled by the approval of several spot Bitcoin exchange-traded funds (ETFs) in the United States last month. Crypto analysts forecast a bullish continuation in the coming months, with the total crypto market cap expected to reach around $2.2 trillion amid the halving cycle.
Lark Davis on Altcoins to Buy Now and Sell Later
According to popular crypto trader Lark Davis, with more than 1.1 million followers on the X platform, it is prudent for every crypto investor to be on the lookout for the altcoins that are likely to rally more than others in this bull cycle. The crypto analyst pointed out that new altcoins with deep liquidity and have not yet experienced prior bull cycles are the best to double down.
In addition to altcoins with impressive fundamentals like Solana (SOL), and Chainlink (LINK), Davis highlighted that altcoins registering high social mentions are likely to attract more investors amid the ongoing mass adoption of web3 projects and digital assets.
“New coins are ‘make big money’ that don’t have any salty bag holders from previous cycles, who will dump the second they get to break. New coins give you a clear runway up to the sky,” Davis noted.
Some of the shiny and new altcoins in the industry include layer two blockchains like Arbitrum (ARB) and Optimism (OP). Other notable altcoins with high chances of a high rewards to risk ratio in this bull cycle are the gaming tokens, NFT tokens, and new projects like Sui (SUI) and Celestia (TIA).
CONCLUSION
Investing in cryptocurrencies involves risk, and it's important to do thorough research and consult with a financial advisor before making any investment decisions. Market conditions can change rapidly, and prices can be highly volatile.
