With the end of the market wash, altcoins are about to usher in a bull market carnival. Judging from the recent market trend, although BTC is in a shock consolidation stage, many altcoins have quietly been at the bottom, waiting for the opportunity to break out.
So, in the upcoming bull market, which potential coins are worth our ambush, and how to get high returns?
The much-anticipated 2024 Bitcoin halving event has come to a successful conclusion. Under the halving effect, these 4 altcoins are ready for a sharp rise! They will witness impressive growth in the near future.
These 4 dark horse tokens may rise sharply!
1. Avalanche (AVAX)
As a leader in the first layer of blockchain, Avalanche is gradually emerging and is expected to compete with old networks such as Ethereum. It has brought revolutionary changes to the blockchain world with its seamless smart contracts and decentralized application (DApp) experience. In particular, its three interoperable blockchains (X-Chain, C-Chain, and P-Chain) provide a solid foundation for various blockchain solutions.
AVAX, as the core governance token of the Avalanche network, has soared more than 127% this year. Market indicators show a strong bull market atmosphere, and it is expected to hit the $100 mark during the bull market in 2024.
2. Chainlink (LINK)
As an important part of the blockchain ecosystem, Chainlink enables smooth interaction between blockchain and external data sources through its decentralized Oracle network. This innovative service enables digital contracts to execute off-chain data input, bringing more possibilities for blockchain applications.
Recently, the price of LINK has pulled back to around $14. As the market stabilizes, it is expected to have further upward momentum. The market is generally optimistic about its future performance, with a target price of $30, and it may even soar to the $45 to $50 range, becoming a highly anticipated investment option in 2024.
3. Injective (INJ)
Injective has emerged in the DeFi space, powering the next generation of decentralized financial applications on the first layer of blockchains. Its versatile infrastructure supports a variety of DeFi functions, including decentralized exchanges, lending protocols, and prediction markets.
Although the INJ token has experienced a pullback from its all-time high of $52, it is still seen as a high-quality investment target in the cryptocurrency market.Market forecasts show that INJ is expected to rise sharply in the coming weeks, breaking through the $40 mark.
4. Stacks (STX)
The Stacks protocol has achieved a revolutionary breakthrough in smart contracts by utilizing Bitcoin as a settlement layer, paving the way for seamless transactions on the Bitcoin blockchain. By accessing the full Bitcoin state, Stacks has unlocked huge potential, facilitating transactions worth up to $500 billion using Bitcoin as a settlement asset.
Despite the volatility of the market, Stacks managed to climb to an all-time high of $3.84 in April, and although it subsequently pulled back to $2.58, this just highlights its strong growth potential in the market rebound. With the end of the Bitcoin halving event, Stacks is well prepared for a long bull run in the second quarter and beyond.
These 4 altcoins have great upside potential in the upcoming bull run, and investors can pay close attention to the dynamics of these dark horse tokens to seize market opportunities.
