Investors are wondering which cryptocurrencies they should invest in to achieve significant gains during the upcoming bull run and when it happens. Despite the market instability that has affected major cryptocurrencies this year, many altcoins have achieved outstanding growth.
Price prediction experts from various fields believe that the most promising cryptocurrencies will continue to rise as 2023 comes to an end. This article explores the top cryptocurrencies that are expected to perform well in the future cryptocurrency bull run.
Ton (TON)
Starting in 2023, $TON experienced a period of stable fluctuations, hovering between $2 and $2.40. However, after March, $TON began to fall after hitting the upper limit of $2.50.
While September has generally been a challenging month for Bitcoin and the cryptocurrency market as a whole, Telegram’s announcement regarding the Tonne Foundation’s Web3 ecosystem has led to a notable increase in price. With around 800 million users worldwide, Telegram is a very popular messaging service, especially among cryptocurrency enthusiasts.
The messaging app’s advertising engine currently offers priority access to projects on the $TON blockchain, and the TON Foundation is actively working to incorporate cryptocurrency wallet functionality into the app, with a global launch scheduled for November 2023.
$TON’s value has increased by 86% in a month, with most of the gains coming after the announcement on September 13. During periods when the market shows signs of improvement, investors often look for the next cryptocurrency that is expected to grow rapidly.
Toncoin is currently trading around 65% below its all-time high, suggesting a good entry point ahead of the expected bull run in 2024 and 2025. $TON
It has grown in popularity significantly and is now ranked among the top 15 cryptocurrencies by market cap.
Solana (SUN)
Solana stands out in the blockchain space by offering extremely fast transactions at the lowest transaction fees compared to its competitors, and its ecosystem continues to grow with new applications being released every day.
Aside from launching its own smartphone, only one other significant blockchain, Solana, has partnered with Visa for USDC transactions.
Since Solana is currently trading at a steep 91% discount to its high price of $260, it presents an attractive opportunity with little risk and the potential for significant growth.
In the DeFi market, Solana has already impressed by providing users with high-speed and cost-effective trade execution.
The Solana blockchain is at the vanguard of the DeFi movement, with over 100 decentralized applications (dApps) serving liquidity mining and lending needs, laying the foundation for frictionless user onboarding in the future.
Aave (AAVE)
Decentralized lending services are provided through the Aave protocol, which also provides interoperability, multi-chain compatibility, variable interest rates, and flash loans. Users can also vote on proposals to participate in governance and monitor markets, deposits, and borrowing.
However, Aave’s price has been trending downward recently, falling from $81 since July 14. Despite this, $AAVE has grown by 18% in the past 30 days. Aave has a market cap of $933.65 million, a price of $64.01, and a 24-hour trading volume of $91.34 million.
$AAVE’s price has increased by 1.10% in the past 24 hours, indicating strong market sentiment. Analysts predict that Aave will be priced at $95 by December.
Optimism（OP）
Optimism acts as a second-layer blockchain on top of Ethereum. A non-profit organization dedicated to expanding the Optimism ecosystem is called the Optimism Foundation. Optimism hopes to develop into a fully decentralized, non-profit public utility, just like Ethereum.
It also pledged to create an architecture fully supported by grants and contributions to promote the expansion and sustainability of public goods.
Optimism is currently trading at $1.25 with a 24-hour trading volume of $179.94 million and a market cap of $266.85 million. $OP’s cost has increased by 1.30% in the last day.
Technical indicators predict that Optimism’s 200-day Simple Moving Average (SMA) will reach $1.52 on November 9, 2023, while the 50-day SMA on the shorter timeframe is expected to reach $1.26 on the same date. The Relative Strength Index (RSI) for the $OP market is currently at 36.84, indicating a neutral position.
