The bull run is about to begin! No, not that! In the crypto world, a bull run occurs when the demand outweighs the supplies, and the value reaches new heights. Based on crypto’s behavior and trends, which you can discover for yourself here, several analysts have given their two cents on the bright future of cryptocurrency in 2024 – it is expected to break all the previous records and reach its all-time new high.
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Investing in the top altcoins at the right time can bring higher returns as they offer diversification. Hence, April 2024 is going to be a big time to invest. In this article, we will explore the best altcoins for the next bull run.
Best Altcoins For The 2024 Bull Run
1. Ethereum (ETH)
Ethereum is the world’s second-largest cryptocurrency, with a market cap of $459.16 billion. In December 2021, it crossed the $4000 mark for the first time since 2015. The highly anticipated Dencun update has just gone live on Ethereum mainnet on Wednesday, March 13. This has enabled a new place to store data and reduced the fee for layer 2s.
Therefore, ETH is expected to strengthen its position against Bitcoin in the coming months and will be a good investment in 2024.
2. Solana (SOL)
Like Lightning McQueen, Solana is faster than fast, quicker than quick. It allows you to make thousands of transactions within seconds at a meager cost. Since March 4, 2024, it has secured a place in the top 5 cryptocurrencies and has improved by 16.6%.
Additionally, Solana experienced its highest-ever record of around 12.69 million active addresses in January. The launch of the JUP governance token has significantly boosted its value and provided developers with powerful customization features.
3. Ripple (XRP)
XRP has potential in 2024! Experts think it’s an option for long-term crypto investors. They expect its maximum value to reach $0.734 next September. By 2025, traders will sell XRP above $1.
The Ripple-Axelar team aims to boost XRP’s decentralized finance. They want to ensure liquidity for stablecoins and other crypto assets on the XRP Ledger. XRP’s market performance recently showed progress, rising 22.4% this past week. Its current trading level matches the highs not seen since August 2023.
4. Polygon (MATIC)
Polygon uses layer 2 technology to provide high-speed transactions at a lower cost. Its high scalability and usability let developers build decentralized applications (DApps). Its growing DeFi ecosystem has recently attracted several developers and investors.
Polygon’s value rose by 53.82% last month and is expected to reach $1.36 by March 18, 2024.
5. Kaspa (KAS-USD)
Kaspa is a cryptocurrency launched in 2021 to solve the blockchain trilemma using the GHOSTDAG protocol. This protocol ensures fast confirmation and high block rates. Kaspa has plans to incorporate sophisticated, innovative contract functionalities, launch a mobile wallet, and more. Its price is predicted to rise by 30.28% by March 17, 2024.