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Should you take your year-older alternative digital coins for the next bull run? Surely not, as they cannot provide immense profit, and you do not take the risk of destroying your trading strategy for an upcoming surge. In this regard, the only solution is to look for the best altcoins for the next bull run.
Why altcoins for the next bull run? These keep you aware of what is happening in the market because they are specially innovated to serve the purpose. Moreover, the amount of return these altcoins give you is commendable. On the contrary, existing cryptocurrencies are just helpful in providing routine profits.
How to choose the best Altcoins for the next bull run? This article is about the importance of altcoins and how to select one for the next upswing. You will learn the reasons why you should invest in specific altcoins. Along with this, the investment strategies for bull run preparation and factors for altcoins are explained below.
What are the Best Altcoins to Buy for the Next Bull Run?
Despite the existence of physical cash, why would you need alternative coins? It is because altcoin provides additional advantages and profits that conventional currency and older digital coins cannot match.
The 5 Best Altcoins for the Next Bull Run 2024 are mentioned below. Since each coin type is unique, so are the reasons to invest in it. We include selected crypto coins because they make the booming alt coin prediction 2024. Follow this guide to pick one that matches your personal preference and investment goal.
- Solana
- Kaspa
- Ethereum
- Dogecoin
- Polkadot
Solana (SOL)
Market Capitalization: $74.53 billion
Solana is a promising type of altcoin comprising SOL native tokens. There are many reasons to invest in it for the next bull run. Solana is one of the best altcoins to buy now, and it plays a central role in the decentralized network. Apart from faster transactions, the alternative coin addresses scalability issues and speeds up many decentralized applications.
Moreover, its processing speed of up to 65000 transactions per second makes it one of the fastest blockchains available in the market. This altcoin uses a unique algorithm, namely Proof of History (PoH). This means that users can enjoy rapid execution without compromising security. Owing to its immense popularity, you will notice that the Solana altcoin price prediction will be among the coins that earn higher profits.
Furthermore, Solana enjoys validation for developers creating high-performing decentralized apps (DApps) and various decentralized finance (DeFi) platforms. Also, its ecosystem has expanded quickly with numerous projects, namely DeFi and NFTs.
Why Invest in SOL?
- Defi leadership makes Solana one of the choices for developers and investors.
- SOL efficiently supports a growing decentralized network.
- Solana comprises a low transaction fee commitment.
- You have access to various projects established on Solana.
- It enjoys a wide range of adoption from across the world.
- Solana collaborates with many institutions.
Kaspa (KAS)
Market Capitalization: $4.15 billion
Another contender to add to the portfolio for the next bull run is Kaspa. It includes KAS tokens and is a secure cryptocurrency. Kaspa incorporates innovative infrastructure that ensures transactions go cheaply and swiftly. This coin enjoys strong support from major mining companies like Marathon Digital.
Additionally, Kaspa is working on some plans that include the functionality of various smart contracts, the formation of new wallets and exchange listings, and monitoring to increase the block rate to over 10 blocks per second. However, you must consider investing in it because of its large market capitalization, which hinders the probability of potential growth.
Why Invest in KAS?
- Kaspa ensures fast crypto transactions, 1 block per second.
- It has a low fee.
- Kaspa’s strong performance of 59% makes it an option for investing.
- Kaspa is safe and operates on a decentralized network.
- Kaspa uses the GHOSTDAG protocol, enabling quick block additions with low fees.
Ethereum (ETH)
Market Capitalization: $329.16 billion
Though Ethereum is a famous alternative coin, it enjoys popularity on a scale almost equal to Bitcoin. It is considered one of the best altcoins to invest in because it contributes almost 17% of the entire cryptocurrency market. This alternative coin allows developers and investors to operate thousands of apps on its blockchain, such as DeFi, gaming, NFTs, and other cryptocurrencies.
Apart from developers, users, and investors, Ethereum is widely adopted in various institutional investments. Another thing that makes this alternative coin special is the imminent 2.0-upgraded version. It means transactions will occur in the blink of an eye securely with more energy efficiency. The only drawback is that it demands high fees for transactions. Even then, it is an unbeatable competitor.
Why Invest in ETH?
- Ethereum is a well-known competitor with a solid history.
- It continuously improves with new updates.
- Many different use cases and applications are available for ETH.
- Ethereum’s large community facilitates growth and adoption.
- Most investors assume Ethereum as a store of value comparable to precious metals or gold.
Dogecoin (DOGE)
Market Capitalization: $15.94 billion
Dogecoin is another popular alternative coin that is ready to add to your checklist for the next bull run. Initially, it was released as a meme or a dog coin, but it became a wise investment option. Today, Dogecoin is touching its heights by 73.67%, which is progress from the past years. It is affordable and best appropriate for short-term trading.
Another fascinating thing about the dog coin is its indefinite supply, meaning millions of new coins are produced daily. Due to its unique design, DOGECOIN suits social media platform transactions. Besides this, Dogecoin is highly prone to inflation, offering high risk and a great return on investment.
Why invest in DOGE?
- Dogecoin has support from Elon Musk.
- DOGE anticipates reaching $1 in 2024.
- This meme coin has a strong community adoption.
Polkadot (DOT)
Market Capitalization: $10,388,710,364
Polkadot is a famous alternative coin comprised of DOT as a native cryptocurrency. This coin enables different blockchains to work together and share information. In addition, the best crypto for the next bull run provides opportunities for developers to customize blockchains through the SDK model and create a strong decentralized community.
Polkadot features an inter-blockchain communication protocol that allows interrelated blockchains to communicate and transfer assets easily. Like Solana, polkadot consists of a unique algorithm, Tendermint, that uses a Byzantine Fault Tolerant design and aids in swift transactions with fool-proof security.
Remember, DOT coin competes with cryptocurrencies, such as Cosmos and Cardano. In this regard, high auction costs make acquiring slots for independent blockchains difficult.
Why Invest in DOT?
- Blockchains converse and share assets through polkadot.
- Polkadot coin solves the scalability issue and ensures transactions are within seconds.
- DOT encourages price increase and demand when you hold it for a bull run period, confirming the highest rewards.
How to Prepare for the Next Crypto Bull Run?
Are you ready for the next bull run? But wait, what do you think about investment strategies for profitable trading? If not, glance at the following points and bang with the future upswing. It would be best to remember that cryptocurrency investment comes with risks; remaining cautious and informed is the ultimate key.
Risk Management
Firstly, you should devise risk management strategies. This means learning or gathering information about practices that help you manage losses and ensure high percentage gains. Stop-loss orders are a fine strategy, as they automatically sell the asset when the price declines.
Investment Plan
You must enter the crypto world with a full-fledged investment plan. It must include information about when to invest and in what amount. However, drop the idea of investing all your money at once. Instead, divide among various industries, such as 20% AI and 30% real-world assets.
Stick to Profit Goals
Investing without a goal is like a body without a soul. You must set a profit goal you want to gain in the bull run and sell your investment when you reach the target. Pro Tip: Sell investments in smaller portions, not all at once.
Diversify
Being the inhabitant of the crypto world, who does not know the rules of diversification? Well, everyone. The same is the case with alternative coins. Just as you divide your cryptocurrencies among different asset classes, the same way you should invest in crypto coins using Index Funds is by investing in different cryptocurrencies all at once. However, keep the coins from risky cryptocurrencies and put them into known and stable options.
Research and Analysis
Preparing for the next bull run involves research and analytic study about the strategies and the like. Imagine you run out of time in participation, and manual research is of no use in this regard. Give AI tools a chance to learn about market trends and make informed decisions. Use tools such as Layer-2s, AI, and other intelligence tools to get the job done.
Dollar-Cost Averaging
You can also implement one of the popular crypto trading strategies for the next bull run: Dollar-Cost Averaging. The strategy is effective, allowing traders to invest fixed assets at regular intervals regardless of market performance. Doing so will earn profit to the extent you cannot imagine.
Stay Informed
The cryptocurrency domain is known for volatility and risky circumstances. It would be best if you remained alert and focused on the latest market trends and news. Because you notice short-term fluctuations, avoid making emotional decisions and stick to what you thought earlier to gain maximum profits.
What Makes Altcoins Go Up? Driving Factor
Many factors contribute to making altcoins go up. Among them are:
- Wide adoption and increased demand
- Established player
- Constant improvement
- Diversified use cases
- Large developer community formation
- A limited supply of alternative coins
- Store of value
- Smart contracts
- Growing Ecosystem
Wrapping Up – Best Altcoins for Next Bull Run
Altcoins have many undeniable benefits. However, finding the best alternative coins for the next bull run sometimes becomes challenging and tiresome. Even then, you must not sit idle and try complying with the tactics mentioned in this guide. First, select the crypto coin that matches your preferences, then decide on the investment strategies to ensure ultimate gain. Do not waste any minute and learn why they are considered more appropriate for an upcoming upswing than conventional cryptocurrencies. Moreover, note the points highlighting why you should invest in specific coins and make informed decisions accordingly.
FAQs
What are the Best 5 Crypto Coins for Bull Run?
Solana, Kespa, Ethereum, Dogecoin, and Polkadot are the best five cryptos for a bull run. Before investing, you must study each one's features and decide wisely.
What is the Next Big Meme Coin?
CMONK coin is in increased demand among meme coin fans, currently trading at about $0.007659. Glancing at the analytics and market value of over $12 reveals that the chances of CMONK becoming the next meme coin are higher than any other coin.
Which Crypto has 1000x Potential?
5thScape comprises a tiny market cap compared to Bitcoin. Simultaneously, it uncovers that this cryptocurrency has ample room to grow when merging augmented and virtual reality within the crypto space. It then shows a potential of 1000x.
