Altcoin season? It's not even altcoin season yet. Which altcoins can be deployed?
"The good days of altcoins have not come yet"
Bitcoin is still the boss in the market now, and it has the final say. Usually, if there are many altcoins (those that are not stablecoins but are ranked in the top 50 cryptocurrencies) that perform better than Bitcoin, we say that the altcoin season has come. But now, this situation has not yet appeared.
In the past few weeks, altcoins, like Bitcoin, have fallen badly. So, let alone the altcoin season, even the altcoin month has not arrived yet. If you want to buy altcoins and wait to make money, you may have to wait and see if the market will get better.
Therefore, in order for altcoins to dominate the cryptocurrency field and surpass Bitcoin, the entire market needs to improve.
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Which altcoins can be deployed?
SOL
Solana’s price has fallen 20% over the past month and is down another 10% today. However, there are still plenty of reasons to be bullish on SOL.
For example, VanEck and 21Shares recently filed for a spot Solana ETF, and there is strong speculation that TradFi giants BlackRock and Fidelity could be next.
WIF
Dogwifhat shows a strong correlation with Solana and is the number one meme coin on the chain. Therefore, all the reasons to be bullish on SOL also apply to WIF.
However, WIF not only shows a correlation with Solana, but also acts as a beta for it.
PEPE
Continuing on the topic of meme coins, experts continue to support Pepe as one of the best cryptocurrencies to invest in. In fact, its inclusion in the list is not surprising.
Pepe’s market cap reached an all-time high of $7.1 billion. Due to the crypto market crash, its valuation is currently only $3.9 billion. This means that investors who bought Pepe on the dip could see a 2x return if the meme token tests its all-time high again.
