The election is over, Trump is in office, and the bull market climax is opening up
10X 20X altcoin competition emerges!!
Brother Niu sorted out the 5 most worthwhile altcoins to invest in
If you feel bad about missing out, add a bookmark to avoid losing it
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🔳With Trump in office, the highlight of cryptocurrencies for four years is about to start. After a few difficult months, the altcoins have already hit the bottom. As long as the wind comes, the altcoins will take off one after another. If you have purchased the altcoins SOL, DOGE, XRP, and ADA mentioned last time, you have basically made a lot of money. If you are not sure, you can read the previous investment research post: https://x.com/hx4462/status/1853636737488269784
🔳In addition to the aforementioned altcoins, the bull market has also provided several other high-quality altcoins worth accumulating. They are expected to perform well in this bull market; even if you don't buy, you should at least understand them.
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High-Quality Altcoin Series (Part 1)
🔳Ethereum (ETH)
◽️If you list high-quality altcoins without mentioning ETH, then none of the altcoins deserve to be the best. Although today's ETH is indeed weaker than its peers, the skinny camel is bigger than a horse. Based on market capitalization, ETH remains the second-largest cryptocurrency and the largest decentralized finance (DeFi) platform to date.
◽️Ethereum was launched in 2015, and its co-founder is Vitalik Buterin.
The white paper was released in 2013, and today's ETH has an extremely active decentralized application ecosystem—including decentralized finance services, NFT markets, publishing platforms, decentralized cryptocurrency exchanges, etc. It is currently the leading smart contract platform in the industry.
🔳Reasons for Recommendation:
◽️From popular decentralized exchanges (DEX) like Uniswap and dYdX to many liquid staking services and numerous digital assets on the Ethereum blockchain (including NFTs), Ethereum is the backbone of thousands of crypto projects that rely on its blockchain. You can understand it this way: without ETH, perhaps the crypto space wouldn't exist, or at least many glorious moments would be missing.
◽️Additionally, as Ethereum ETFs are expected to start trading in the U.S. market soon, ETH is undoubtedly one of the most noteworthy crypto assets in the short term. Due to ETH's recent weak performance, it conversely means there is huge potential for recovery, so accumulating ETH at early low points is a very high-quality choice.
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🔳BNB
◽️BNB is a token launched by Binance in 2017 and is the native asset of the BNB chain. The BNB chain is the third-largest cryptocurrency ecosystem based on deployed decentralized applications (dApps). In May, the trading volume on BNB Chain reached 5.3 million transactions, the highest level of the year, while the daily user peak in the same month reached 1.37 million. The funniest thing is that this data comes during a cold period in the crypto market, and when the bull market peaks, perhaps even more terrifying user data will arrive.
🔳Reasons for Recommendation:
◽️When mentioning BNB, the first thing that comes to mind is Binance, which is a digital asset trading platform that accounts for a large majority of all cryptocurrency trading volume. Binance users holding BNB can pay lower trading fees and unlock various benefits, such as the previous $BANANA, reaching a peak single coin price of 78U. You can think of it as a spot 'gold shovel'.
◽️Moreover, according to the BNB Chain team, as part of its 2024 roadmap, it plans to migrate the Beacon chain to BSC. If successful, the migration could improve network efficiency, enhance security, and align the architecture of the BNB chain with current technological demands and future growth, so during this bull market, BNB's performance is definitely remarkable.
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🔳Toncoin (TON)
◽️The TON blockchain is a blockchain platform that uses proof of stake consensus and employs various scaling technologies to support large-scale adoption. TON was originally designed by the TG communication team, but was forced to abandon the project due to legal disputes with U.S. securities regulators, and was ultimately resumed by community members.
◽️Although TON is no longer officially protected by TG, TG's applications are still releasing various integrations related to TON.
🔳Reasons for Recommendation:
◽️The TON ecosystem is currently thriving, with TG mini-games becoming increasingly popular. Many mini-games have been continuously airdropping value tokens to their users, the most notable examples being $NOT, $DOGS, $HMSTR, etc. These unexpected events have made a lot of airdrop hunters very happy.
◽️Secondly, TG's messaging service developers are collaborating with the TON Foundation to integrate TON into TG applications. The goal of the TON Foundation is to attract 30% of TG users to use TON by 2028. If TON can successfully leverage TG's large user base, its performance will surely be exceptional.
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🔳SUI
◽️Sui is a highly scalable smart contract platform, with its native cryptocurrency being SUI, which has a supply limit of 10 billion. Its main uses include proof of stake consensus, paying gas fees, participating in governance, and serving as a liquid asset within applications on the Sui blockchain.
◽️It uses the Move programming language to build smart contracts. Its main feature is that simple transactions can bypass the consensus protocol, thereby improving the platform's scalability. Of course, more complex transactions still need to go through the network's consensus process to ensure security.
🔳Reasons for Recommendation:
◽️Sui is considered one of the highest-performing blockchains, and the Sui team seems to place great importance on gaming. They have launched a mobile gaming device called SuiPlay0x1.
◽️Apart from gaming, the Sui ecosystem is also making strides in decentralized finance. As of early October 2024, protocols on Sui hold crypto assets worth nearly $1.1 billion. Additionally, the well-known crypto asset management firm Grayscale has launched an investment product called Grayscale Sui Trust, which allows for investment in SUI. If SUI blockchain technology becomes a mainstream use case, then SUI's rise is particularly likely.
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🔳Kaspa (KAS)
Kaspa is a decentralized cryptocurrency project that uses a blockDAG architecture rather than a traditional blockchain. This architecture is based on a Directed Acyclic Graph (DAG) and aims to provide fast block confirmations, thus offering a more efficient and user-friendly experience.
Layer 1 blockchain makes the GPU mining process more efficient by combining the proof of work (PoW) consensus mechanism with DAG (Directed Acyclic Graph) to optimize block finality. In other words, the Kaspa network is decentralized and permissionless, meaning anyone can freely join the network as a miner.
🔳Reasons for Recommendation
◽️Kaspa is performing strongly in 2024 and is one of the most profitable cryptocurrencies for mining. Its U.S.-based cryptocurrency mining company Marathon Digital has announced the launch of Kaspa mining operations and has purchased Kaspa mining hardware worth 60 trillion hashes.
◽️As of July, KAS has been experiencing skyrocketing growth and is one of the most profitable altcoins. With the bull market starting, its value may be even more promising.
