As the crypto market becomes more and more closely connected with macroeconomics, regulation, and institutions, there has never been a bull market with such high certainty as this one. There was no such high certainty in 2013, 2017, or 2021. But altcoins have never been so uncomfortable, because the overall increase of altcoins is too small compared to the past few rounds, so you can more intuitively feel that the wash is more intense!
In this cycle, the size of the cryptocurrency circle has grown, and certainty has increased, causing retail investors to frantically invest in altcoins. I believe that the proportion of retail investors in altcoins far exceeds that of Bitcoin and Ethereum, so the further we go, the more mentality and patience altcoins will require.
This year is very special and cannot be predicted according to the previous bull market! Because of ETFs, the hype time of Bitcoin and Ethereum will be much longer than before! As a result, the main funds are sucked by these two. The price will have to wait until the hype of these two is almost done before it can start to flow into the altcoins! That is when the altcoin season really begins!
4 Altcoins That Will Make You a Millionaire in 2024!
1.SUN
Solana is a high-performance blockchain platform that is committed to providing fast, secure, and scalable solutions for decentralized applications and cryptocurrencies. The platform uses an innovative consensus algorithm, PoH, which can handle up to tens of thousands of transactions per second (TPS) while maintaining decentralization and security. In general, Solana aims to achieve large-scale adoption of blockchain through its unique technological advantages, serving a variety of complex decentralized applications and global financial systems.
Solana's current price is $147, with a daily increase of about 8%, and a maximum of $151.2. The current market value is $68.169 billion, ranking fourth among cryptocurrencies! Because of the news early this morning that VanEck applied for the Solana Trust ETF, the SOL token has risen sharply!
Looking ahead, Solana’s next move in the market will largely depend on its ability to maintain key support levels and navigate the ongoing market volatility. Investors and traders should keep a close eye on these technical indicators as they will play a key role in determining the future direction of SOL’s price. Current market dynamics and Solana’s price action suggest a critical period ahead, with the potential for significant gains if support levels hold strong!
2.BLAST
Blast is a cutting-edge Layer 2 (L2) solution on the Ethereum blockchain that leverages Optimism Rollup technology to increase transaction speeds, cut gas fees, and maintain strong security and Ethereum compatibility.
Unlike other L2 solutions, Blast introduces a native yield mechanism for ETH and stablecoins, providing ETH holders with automatic staking rewards and converting stablecoin deposits to USDB through MakerDAO's on-chain Treasury protocol to earn yield. In addition, Blast is the first to share revenue through decentralized applications (dApps), enabling these platforms to use network gas fee revenue to subsidize user fees or support further development.
The BLAST token is currently trading at around $0.02308, down about 7% in the past 24 hours, and its current market value is $410 million. Since its mainnet debut in February 2024, Blast has quickly risen to become the leading L2 chain in total value locked (TVL), surpassing many established competitors.
3.DOGE
MEME coins are cryptocurrencies inspired by popular internet memes. Unlike Bitcoin or Ethereum, which have specific functions, meme coins generally lack practical uses. The most famous example is DOGE, which started out as a joke but gained huge popularity and market value through community support and viral trends.
Dogecoin was created in 2013 by software developers who wanted to make a fun cryptocurrency based on the popular Shiba Inu dog meme. Despite having no intrinsic value, Dogecoin’s market cap has skyrocketed to billions of dollars, driven purely by community interest and celebrity endorsements, especially from Elon Musk.
As of the time of writing, the latest market price of DOGE is around $0.1253, which has risen by about 3% in the past 24 hours. The current market value is $18.192 billion, ranking 9th among cryptocurrencies! It is also the MEME coin with the highest market value! Dogecoin's journey from a joke to a widely known cryptocurrency shows the power of community, humor, and strategic marketing!
4.NOT
Notcoin has a unique concept — it is the first clickable token on TON (TON Open Network). This innovative feature already sets Notcoin apart from many other cryptocurrencies and is likely to attract early adopters and enthusiasts of the TON network.
As the first clickable token on the TON network, Notcoin can also count on the support and attention of network participants and the wider crypto community interested in innovative projects.
Notcoin has also attracted the attention of well-known figures. It is promoted by Pavel Durov, a prominent figure and the creator of successful projects such as VKontakte, Telegram, and TON. His influence and support can significantly increase the popularity of Notcoin and draw attention to the project.
As of now, the latest market price of NOT is around $0.0152, which has fallen back by about 2% in the past 24 hours. The current market value of the token is $1.558 billion, ranking 49th in cryptocurrency! Notcoin has the potential to replicate the success of Dogecoin because it has unique features that can attract users' attention and gain popularity. A strong and active community is crucial to the success of any cryptocurrency!
