DogeCoin remains under the influence of Elon Musk, but will it be the first sign of altcoin fever? Discover which cryptos will lead the next surge and the key indicators.

Elon Musk and Dogecoin: The Ongoing Story?

Since Elon Musk started mentioning Dogecoin on social media, the cryptocurrency has been in the spotlight for investors. His tweets, memes, and statements have caused significant increases in its price, making it one of the most volatile cryptos in the market.

However, the question remains: Will Dogecoin reach new heights or does its rise depend solely on Musk?

When Will Altcoin Fever Start?

The "Altcoin Season" is a period in which altcoins consistently outperform Bitcoin. According to the Altcoin Season Index, we are still far from entering this period. Currently, only 39% of the top altcoins have outperformed Bitcoin in the last 90 days, when the necessary threshold is 75%.

Indicators to Watch:

  1. Altcoin Season Index: If more altcoins start to outperform Bitcoin, it will be a clear signal that the season has begun.

  2. Bitcoin Dominance: A drop in Bitcoin's market dominance usually coincides with the start of altcoin fever.

  3. Ethereum (ETH): It is traditionally the first altcoin to lead significant rises, being a good indicator of trend changes.

Altcoins with the Highest Potential to Lead the Surge

1. Ethereum (ETH)

  • Its strong capitalization and widespread adoption make it the undisputed leader among altcoins.

2. Cardano (ADA)

  • With an academic approach and a growing DeFi ecosystem, Cardano could shine in the next season.

3. Solana (SOL)

  • Its speed and low costs are ideal for decentralized applications, positioning it as a strong competitor.

4. Polygon (MATIC)

  • A layer 2 solution for Ethereum that improves speed and reduces transaction costs.

5. Ripple (XRP)

  • Although it faces legal challenges, its adoption for cross-border payments makes it a strong option.

6. Polkadot (DOT)

  • The interoperability it offers between blockchains could gain popularity quickly.

7. Litecoin (LTC)

  • Its history and privacy improvements keep Litecoin relevant in the market.

8. Avalanche (AVAX)

  • Interoperability and speed are its strengths, especially in the DeFi sector.

9. Chainlink (LINK)

  • As a leader in oracles, it has a solid and essential use case in DeFi.

10. Dogecoin (DOGE)

  • With the backing of Elon Musk, it remains a speculative bet with high potential, but also high risk.

How to Prepare for Altcoin Fever?

If you want to take advantage of the next altcoin boom, it is crucial to be prepared:

  • Diversify your portfolio: Don't put all your funds into a single cryptocurrency.

  • Register on Binance: Binance is the leading platform for trading altcoins, offering security, competitive fees, and a wide variety of coins.

👉 Create your account on Binance and get ready to take advantage of the next big market movement.

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Investments in cryptocurrencies are volatile and carry risks. This article is for informational purposes only and does not constitute financial advice. Do your own research before investing.