Altcoin
Top 6 Cryptocurrencies to Buy Before the 2024 Altcoin Season
Investors face an uphill battle to identify the most potential cryptocurrency to buy before the altcoin season begins later in 2024. Tokens such as Solana (SOL), Dogecoin (DOGE), Toncoin (TON), Pepe (PEPE) and Shiba Inu Coin (SHIB) ) boast solid technologies. With the right exposure, holders of these tokens could achieve substantial returns.
1.Solana (G)
Solana (SOL) continues to lead the charge in the decentralized finance sector, leveraging the open nature of blockchain technology to address existing challenges and innovate. Currently, the Solana price stands at $148, reflecting an 8% increase over the past 24 hours.
Solana Price Chart
The platform is experiencing a surge in total value blocked in its DeFi applications. This bullish trend is also increasing the attractiveness of meme coins on the Solana blockchain. These factors are solidifying SOL’s status as the leading cryptocurrency to invest in as we approach Altcoin season this May.
In the last week alone, Solana’s market value increased by more than 7%, showing strong market momentum. Although there has been a notable 20% drop in its value compared to the previous month, the overall market outlook on Solana is still optimistic.
2. Dogecoin (DOGE)
Dogecoin (DOGE), a popular cryptocurrency based on the beloved “doge” meme depicting a Shiba Inu, has recently seen a notable increase in its value. It currently holds a market capitalization of $22.75 billion, ranks eighth among all cryptocurrencies, and is the leading meme coin. THE Dogecoin price rose to $0.1569, marking a 19% increase in the last day alone.
Over the past year, Dogecoin has nearly doubled in value, up 96%. This remarkable growth is underlined by a surge in large transactions, indicating significant investments by major players or “whales”. This trend suggests increased interest in Dogecoin, positioning it as a key cryptocurrency to watch as altcoin season approaches May.
3. Toncoin (TON)
Toncoin (TON) is making waves in the blockchain arena with its advanced layer-1 technology, courtesy of Telegram’s development efforts. Known for its scalability and user-centric design, this blockchain platform caters to a broad audience. With minimal transaction fees and fast processing, it is gaining traction quickly.
Currently priced at $5.82, Toncoin it rose 10% over the past day and 11% over the week. This bullish momentum following a market rally is significant. Toncoin now sits in ninth position on CoinMarketCap, boasting a market capitalization of $20.2 billion, surpassing even Cardano.
During the last year, TONNE recorded an impressive growth of 181%, with a notable increase of 157% in the last month. This constant upward movement consolidates the attractiveness of Toncoin as one of the best investment options. With altcoin season upon us in May, Toncoin emerges as a prominent candidate for cryptocurrency enthusiasts.
4. Pepper (PEPE)
Pepe (PEPE), an Ethereum-based cryptocurrency, is quickly gaining attention. With a current market capitalization of $3.75 billion, Pepe coin has secured the 28th position in the market ranking. THE Pepper Price is at $0.000008925 and has seen a notable increase of 16% in the last 24 hours, becoming the reigning meme coin of the day on CoinMarketCap.
In the previous week, PEPE witnessed a significant increase of 32%, further cementing its status as a leader in the altcoin realm. Notably, its value has skyrocketed by an impressive 454% over the past year, positioning PEPE as a top contender for investors looking to capitalize on the booming altcoin season.
5. Panda Exchange (PANDA)
Panda Swap (PANDA) has recently seen a notable increase in value, driven by a wave of enthusiasm memetic currency passionate. In the last 24 hours, the PANDA The token’s price skyrocketed to $0.01455, marking an impressive 52% increase.
With a current market capitalization of $11.50 million, PANDA has secured its place among the top 1034 cryptocurrencies on CoinMarketCap. The integration of PANDA into various decentralized exchanges (DEXs) marks a significant milestone in enhancing its visibility and position in the digital currency landscape.
6. Shiba Inu Coin (SHIB)
Shiba Inu Coin (SHIB) continues to make strides in decentralized finance, with a robust 12% increase in value. Currently, the SHIB price is at $0.00002557 and the coin is poised for further growth, maintaining its upward momentum. Ranked 11th on CoinMarketCap, SHIB holds a market capitalization of $15.06 billion.
Pepe Coin Price Chart
This notable rise can be attributed to various factors, including the intensification of trading activity, the consumption of strategic tokens, and the launch of Shibairum. These elements synergistically contribute to SHIB’s appeal, making it an attractive prospect for potential investors aiming for substantial returns.
Bottom line
As the altcoin season gains momentum in May, investors are keeping an eye on cryptocurrencies such as Solana, Dogecoin, Toncoin, Pepe, PANDA and Shiba Inu Coin. With impressive gains recorded recently, these digital assets present lucrative opportunities for those seeking significant returns.
Related articles