This Altcoin season will be different – Top tokens expected to breakout and increase in price
The current Altcoin season has the potential to be different, with several coins expected to breakout and increase significantly in price. Below are notable tokens for the year 2024:
1. Ethereum (ETH): Considered the strongest Altcoin, Ethereum has a market capitalization of up to $323.76 billion and is expected to benefit from the Dencun upgrade, which will improve usability and reduce transaction fees, expanding its appeal for many applications.
2. Solana (SOL): With a proof-of-stake mechanism, Solana stands out with fast transaction speeds, having a market capitalization of $73.68 billion. Technological improvements and usability in decentralized finance (DeFi) make it a potential investment decision.
3. Cardano (ADA): Cardano has made significant strides with the adoption of a proof-of-stake consensus mechanism and smart contract capabilities, currently valued at $13.25 billion, notable for its scalability and high security.
4. XRP (XRP): Despite facing legal challenges, XRP (market cap of $33.05 billion) still attracts attention due to its fast transaction processing and low fees, promoting its use in financial transactions.
5. Dogecoin (DOGE) and Shiba Inu (SHIB): These meme coins not only attract interest due to their communities but also have the potential for sudden price increases based on social media factors.
Additionally, some new Altcoins like Injective (INJ), Render (RNDR), and Sei Network (SEI) are also on the potential list with predictions of price increases multiple times over the next year.