Altcoin
Altseason is here: three Altcoins with huge profit potential
TLDR:
- Several crypto analysts, including Santiment, have confirmed, based on historical trends, that the altseason is around the corner.
- Chainlink and Stacks are the top altcoins that are expected to see massive price increases this altseason.
- The third altcoin, NuggetRush, despite being a new addition, is expected to produce up to 50x ROI.
The altseason will take place in 2024 and several prominent analysts, including those from Santiment, have confirmed this trend. Mustache is the latest analyst to do so foresee an important altseason, highlighting the similarity with the pump of 2018-2021. According to experts, the best altcoins to buy to get more earnings this altseason are Chainlink, Stacks and Nugget Rush.
Historical Pattern Suggests Massive Breakout for Chainlink (LINK)
Chainlink (LINK) may not have been among the top altcoins of 2024, being down 8% year to date, but analysts are very bullish on this altcoin. Second 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 is expected to reach a new ATH above $50.00 this peak season.
Another factor that establishes Chainlink’s position as one of the best altcoins to buy is the tokenization of real-world assets. As a leader in a potential trillion-dollar market, analysts are generally optimistic about LINK’s long-term potential.
NuggetRush (NUGX) has what it takes to be the dark horse of this Altseason
Historically, each altseason produces a few altcoins that significantly outperform the rest of the cryptocurrency market. NuggetRush (NUGX) has been chosen as one of the altcoins to watch, as it has solid foundations, 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 that creates a new niche in the GameFi industry with its combination of P2E, artisanal mining, NFT staking and real-world impact. In the mining game, players can take part in mining competitions and activities to earn valuable minerals and popular NFTs, which they can sell for real money on the NuggetRush marketplace.
On the social impact front, NuggetRush extends its commitment to sustainability by using programs to encourage responsible mining practices and ecological awareness. This makes NUGX one of the best social tokens to buy and HODL this peak season.
Another interesting feature of NuggetRush is NFT staking with an APY of up to 20%. However, this is possible for players who find one of the very rare RUSHGEM NFTs. The combination of these attractive features is why NUGX is ranked among the best altcoins to invest in, as it is expected to rise from $0.010 to $1.00 this altseason.
Stacks (STX) to ride the Layer-2 boom on the Bitcoin network
In recent months the development of layer 2 projects and DApps has become central to the Bitcoin network. Stacks (STX) is one of the alt coins best positioned to benefit from this growth, as it is one of the first and largest L2 networks on Bitcoin.
As interest in Bitcoin DeFi grows, Stacks’ active accounts recently surged to a new all-time high. As this trend is expected to continue through 2024, analysts are optimistic about Stacks’ future. While the STX coin currently trades around the $2.10 range, a target of $5.00 has been set for Stacks for this peak season.
Final thoughts
The altseason is here and a massive surge is expected in the altcoin market. Based on analysts’ forecasts, investors looking to make big profits from the 2024 altseason should pay attention to promising altcoins such as Chainlink, Stacks, and NuggetRush.