2024 could be the best year yet for cryptocurrencies and we could see crazy gains like never before.

This bull run may be different because Bitcoin has never hit a new all-time high before a halving. But in this cycle, it did.

Remember, Bitcoin and Ethereum spot ETFs were recently approved by the SEC, which is unprecedented. Now, does this herald the beginning of a super bull cycle? Maybe. Because everything seems to be moving in the right direction for the cryptocurrency market.

Interestingly, we may see a breakout season for altcoins after the Ethereum spot ETF is approved. But we have yet to see the impact of the Ethereum ETF spot approval on the market.

Therefore, I expect some Layer 2 projects to see a significant increase in price. Now read the following section to know my picks of altcoins and why I added them to the list.

Top 5 100x Altcoins to Buy in the Bull Market!

1.ARB

Arbitrum is an Ethereum layer-2 (L2) scaling solution that leverages optimistic rollups to improve the speed, scalability, and cost-efficiency of the Ethereum network.

Currently, Arbitrum is trading at $0.9626 with a market cap of $2.8 billion. Its value has dropped by about 59% from its recent all-time high of $2.40, providing us with an opportunity to perform a DCA on the project.

As an important layer 2 scaling solution on Ethereum and having recently experienced a pre-bull run price rally, ARB could potentially generate at least a 5x return if the company started offering an Ethereum spot ETF.

Therefore, if you are considering investing in relatively safe altcoins, this might be a good option.

2. STRONG

Starknet (STRK) is a newer Layer 2 project that was launched in February 2024. Compared to other top Layer 2 projects such as Arbitrum and Polygon, Starknet has a lower market cap and offers high return potential as it has not yet experienced a significant price increase.

Currently, Starknet has a market cap of approximately $1.4 billion and is trading at $1.13. The stock is down 69% from its all-time high of $3.66 reached on February 20, 2024.

Therefore, if investor interest in Layer 2 projects increases, STRK could see returns exceeding 600% in the coming weeks. What do you think of this project?

3. PUT

Metis is an Ethereum layer 2 scaling solution that aims to solve the blockchain trilemma, which is the inability of blockchain to achieve decentralization, security, and scalability at the same time. It also aims to overcome Ethereum's main challenges: speed, cost, and scalability.

The project went through a long consolidation phase, trading between $18 and $15, and only recently broke out of this range.

METIS’ current market cap is approximately $372 million, which is relatively low compared to other top Layer 2 projects such as MATIC, OP, and ARB.

METIS hit an all-time high of $323 on January 16, 2022, and is currently trading at $65.58, down 80% from its all-time high.

Now, given the likely increase in interest in Ethereum layer 2 projects, the value of METIS could increase 10x in a short period of time after the Ethereum ETF is approved. So, keep an eye on this project.

4.OP：

Optimism is the main scaling solution for Ethereum with a TVL (Total Value Locked) of over $786 million. Interestingly, the Base network is built on the OP Stack and actively contributes to the Optimism Collective.

As the Base network gains traction, it indirectly benefits the Optimism block, leading to increased demand for OP tokens.

Optimism’s price has risen significantly since its launch in June 2023, but has since been consolidating in the $2.5 to $2.0 price range.

Currently, Optimism has a market cap of $2.4 billion and is trading at $2.2, having hit an all-time high of $4.85 in March 2024.

Now, given the possibility of the Ethereum spot ETF narrative driving the market, investing in Optimism could generate returns of over 500% between June and July. This could depend on when the company starts offering the Ethereum spot ETF to its clients.

5. Pyth

This is a unique project on the Solana blockchain that has the potential to compete with Chainlink as an oracle project. I added this project to my list because I see great potential in it. But what is Pyth Network you may ask?

Pyth Network is the largest and fastest growing first-party oracle network. It provides real-time market data to financial dApps on 40+ blockchains and over 380 low-latency price feeds for cryptocurrencies, stocks, ETFs, forex pairs, and commodities.

PYTH has been in a downtrend and recently started consolidating around the $0.5–$0.4 zone.

Currently, its market cap is around $1.4 billion and it is trading at $0.4136. The project is down more than 64% and hit an all-time high of $1.15 in March 2024.

Therefore, if PYTH breaks out of the accumulation zone, we could easily see a 500% to 1,000% gain in a matter of weeks.