In the past month, the crypto market has witnessed wavering upward and downward movements. With crypto assets particularly the altcoin sector, showing price revivals, the regulators introducing announcements and numerous launches, the first half of 2024 has been momentous in activity.
As the second half (H2) of the year is approaching, the following altcoins seemingly show signs of potential bullish performances in the upcoming months.
Ethereum (ETH)
Leading altcoin Ethereum (ETH) has shown a monthly price performance of 21.19% and has broken multiple resistance levels in the past month, according to TradingView data. With a year-to-date price performance increase of 54.68%, ETH shows potential for a bullish takeover. At the time of writing ETH is trading at $3,518.
The recent approval of spot ETH ETF listings by the US SEC caused a price rally which instigated the altcoin to break its $3K resistance. Moreover, Ethereum’s spot ETFs are expected to cause another bullish trend as they begin trading in the coming months.
Analysts have predicted that the ETH market price will hit $4K in 2024. With a neutral market sentiment, the altcoin is one of the most anticipated crypto assets within the market for the second half of 2024.
Toncoin (TON)
TON, the native token of The Open Network (TON) blockchain, has witnessed multiple instances of market attention over the past month. While its monthly price performance has decreased by 0.77%, the year-to-date performance has increased significantly.
In April, the TON blockchain partnered with Tether to integrate stablecoin USDT into the blockchain and Telegram ecosystem. Moreover, its other collaborations and the growth of Telegram are also expected to fuel a price surge.
While it’s combating a recent price dip in the past week, the altcoin still shows potential for bullish performances in the coming week. At the time of writing, the token was trading at $7.10, according to CMC data. Notably, TON hit a new ATH at $7.24 on June 5.
Litecoin (LTC)
Litecoin has caught market attention this week due to its upsurge in on-chain activity. Litecoin’s (LTC) has shown a price decline in the past month (3.08%). At the time of writing, the altcoin is trading at $77.12
Despite the token’s price dip, Litecoin has shown a notable increase in the number of transactions. It hit a new milestone of 426K transactions, as of June 7. The altcoin has set a mark by surpassing Ethereum’s active wallet holders count by a notable 100K. Litecoin’s wallet addresses have shown a 75% surge since the beginning of 2024.
FLOKI (FLOKI)
FLOKI, one of the famed memecoins, has shown a monthly price increase of a notable 45%. Moreover, Floki hit its all-time high in market price on June 5 at $0.0003462. At the time of writing, the altcoin is trading at $0.0002383.
Furthermore, FLOKI’s native Name Service went live in the past month. With long-term price surges, the altcoin shows a potential for further upward pressure in the coming months.
Uniswap (UNI)
Uniswap (UNI) witnessed a rough phase in the first half of 2024. The SEC’s claims about Uniswap being an unregistered securities exchange caused quite a stir in the market. Moreover, UNI’s market price exhibited an increase of 32% over the last 30 days suggesting a bullish trend.
Despite the SEC lawsuit, Uniswap hit new milestones this year with a yearly price surge of 129.73%. The altcoin’s trading volume hit its highest peak of 3 billion dollars in April. At the time of writing, the altcoin is trading at $9.28 with a market cap of $6 billion.
Pepe (PEPE)
Pepe, the frog-themed meme coin has drawn notable market attention in the past few months. The memecoin has witnessed a significant price surge, particularly in the past month. It has increased by 52.34%. Notably, Pepe also hit a new ATH on May 27 with prices spiking to $0.00001718. At the time of writing, the altcoin is trading at $0.00001326.
Moreover, the token also showed an increase in market cap and reclaimed its position as the third-largest memecoin in the crypto market. In the coming months, the altcoin is expected to show further bullish trends.
Polygon (MATIC)
The native token of the Polygon blockchain, MATIC, has shown a modest performance during the first half of 2024. However, bearish trends majorly dominated its momentum in H1 2024.
Within the monthly time frame, MATIC recorded a price decline of 6.62%. At the time of writing, the altcoin is trading at $0.6262. Notably, Polygon Miden Alpha Testnet’s newest version went live at the beginning of June.
The testnet allows developers to design self-sovereign and high-throughput applications. Additionally, the Polygon Network has also integrated with the Circle platform to list the Polygon USDC token.
Recently the Polygon community has announced a community grant program of a whopping 35 million MATIC. Moreover, the Polygon (MATIC) stablecoin hit a new milestone of surpassing $1.5 million in market cap in the recent past.
Solana (SOL)
Among the top altcoins, Solana (SOL) has stirred discussions of an ETF entrant presently. The token has also shown a price increase of 6.44% in the past month. SOL in H1 2024, has shown a positive price performance as highlighted by the year-to-date 36.74% increase.
Additionally, the Solana blockchain has received immense attention from leading celebrities globally. Solana’s memecoin launch platform Pump.fun has seen multiple celebrities including reality-tv star Caitlyn Jenner and singer Iggy Azalea launch their meme tokens.
Notably, Iggy Azalea recently expanded her token, MOTHER’s use case by launching cell phones and phone plans that can be bought for the token. Recently, there has been a dispute between MOTHER and famed boxer, Andrew Tate’s token DADDY. The altcoin is trading at $152.82 at the time of writing.
Shiba Inu (SHIB)
Shiba Inu, the second largest memecoin in the crypto market, has been a consistent interest among investors. While the altcoin is witnessing a recent price dip, it has shown a notable increase of 117.36% in the past six months.
Notably, Shiba Inu’s Shibarium blockchain has witnessed a significant surge in new users. According to TradingView reports on June 5, the number of new accounts showed a 24-hour surge of 3436%, skyrocketing from 30 to 1031.
Moreover, according to analysts SHIB is expected to hit new highs in the coming months. At the time of writing, the altcoin is trading at $0.00002182.
XRP (XRP)
The Ripple ecosystem has witnessed the scrutiny of Regulators and the market collectively in the first half of 2024. Meanwhile, the altcoin is currently facing a price dip with a monthly decline of 3.26%.
Notably, the CEO of Ripple Brad Garlinghouse, post the approval of spot ETH ETFs by the SEC raised discussions about a spot XRP ETF. Additionally, Ripple is presently combating a regulatory case against the SEC.
Moreover, Ripple in April 2024 launched its stablecoin, ‘Ripple USD’ (RLUSD). The CEO of Ripple stated that the stablecoin will initially be available in the US. He also mentioned that there are plans to integrate it into Defi platforms and global markets. At the time of writing XRP is trading at $0.4829.
Altcoin Bullish price prediction Bearish price prediction Ethereum (ETH) $6800 $2500 Toncoin (TON) $11.191 $2.865 Litecoin (LTC) $82.53 $56.22 FLOKI (FLOKI) $0.00095683 $0.00004693 Uniswap (UNI) $20.113 $3.972 Pepe (PEPE) $0.00004965 $0.00000473 Polygon (MATIC) $0.9803 $0.5089 Solana (SOL) $342.89 $83.31 Shiba Inu (SHIB) $0.00004981 $0.00000833 XRP $0.7381 $0.4139
The overall crypto market is expected to see multiple advancements in the second half of this year. Despite the regulators’ increased scrutiny, community members hold a positive outlook toward cryptocurrency moving into the mainstream in the second half.
Disclaimer: Any information contained in this article is not proposed to be and doesn’t constitute financial advice, investment advice, trading advice, or any other advice. The NewsCrypto is not responsible to anyone for any decision made or action taken in conjunction with the information and/or statements in this article.
