Is the Crypto Bull Run Back? 5 Best Altcoins to Buy Now
The crypto market is showing promising signs of a resurgence, sparking excitement among investors and enthusiasts.
The global crypto market cap has surged to $2.29 trillion, marking a 4.13% increase in just the past day. Trading volume has also seen a significant boost, with a 23.54% rise to $64.26 billion in the last 24 hours.
Bitcoin and Ethereum, the two leading cryptocurrencies, have both recorded impressive gains of nearly 10% this week.
This upward momentum is further fueled by the anticipated launch of Ethereum ETFs, with ETF expert Nate Geraci predicting their arrival imminently.
Welcome to spot eth ETF approval week… I’m calling it. Don’t know anything specific, just can’t come up w/ good reason for any further delay at this point. Issuers ready for launch. — Nate Geraci (@NateGeraci) July 14, 2024
These positive trends suggest the potential onset of the second leg of a bull run. As the market gains strength, investors are keen to identify the best altcoins to capitalize on this upward trajectory.
Here are the top five altcoins to consider for your portfolio for the next bull rally.
Our top choice is a fun P2E game, PlayDoge (PLAY), that is reminiscent of Tamagotchi, the hugely popular pocket-sized side-scrolling game. In this new engaging mobile game, players care for their virtual Doge pets, earning $PLAY tokens through various interactive activities such as feeding, training, and adventuring.
In an impressive show of support, PlayDoge has raised over $5.5 million in its presale, indicating strong investor confidence and community backing.
Currently priced at $0.00519, PlayDoge offers a promising entry point for those looking to invest in a burgeoning P2E project.
Additionally, PlayDoge provides attractive staking rewards, with annual returns of 86% on Ethereum (ETH) and 73% on Binance Smart Chain (BNB). This dual-chain approach not only enhances accessibility but also allows investors to choose their preferred blockchain and maximize their earnings.
For those interested in joining the PlayDoge community, you can buy PLAY tokens at a discount in the presale. With its huge fundraising success already, PlayDoge is poised to become a significant player in the P2E gaming market.
Xodex (XODEX) is a decentralized spot and futures exchange that has been the center of a huge amount of hype as the launch of its beta version draws near. It’s currently the highest trending altcoin on CoinMarketCap, second only to Bitcoin. This token has shown impressive price movements recently, up 10.44% this week and 367.38% this month.
The beta version has been launched today, to much excitement. Now traders can spot trade and buy futures through the platform with up to 50% leverage and gasless transactions.
It’s also integrated with all the leading blockchains, including Kaspa, Bitcoin, Ethereum, Optimism, and Base.
The XODEX token is used as a governance token, allowing holders to participate in voting and steer the direction of the exchange. The token looks set to continue its upward trajectory now that a full beta version of the exchange is live.
WienerAI (WAI)
WienerAI (WAI) is an innovative cryptocurrency that blends artificial intelligence with a playful meme culture, specifically centered around sausage dogs.
This unique token has quickly gained attention in the market, raising nearly $7.5 million in its presale phase. Priced at just $0.00073 per token, WienerAI offers an accessible entry point for investors eager to explore this novel concept.
What sets WienerAI apart is its robust AI-driven trading capabilities, which provide users with predictive market insights and efficient trading execution.
Additionally, WienerAI offers attractive staking rewards, with an impressive 151% annual percentage yield (APY). This lucrative staking mechanism not only encourages long-term holding but also provides substantial passive income opportunities for investors.
You can currently buy $WAI tokens at a discounted price in the ongoing presale, but this price is expected to rise after the presale ends, and the token is listed on exchanges.
Super Trump Coin (STRUMP)
Super Trump Coin (STRUMP), a popular meme coin within the Politifi ecosystem, has surged by 26.81% this week, propelled by recent events surrounding former President Donald Trump. Three days ago, Trump survived an assassination attempt, triggering a significant rally across Politifi meme coins, including STRUMP.
Founded as a homage to Trump’s political legacy as the 45th President of the United States, STRUMP embodies the fervent support and interest surrounding Trump’s persona within the cryptocurrency community.
The sudden surge in STRUMP’s price reflects the market’s response to external political events, highlighting the Politifi ecosystem’s sensitivity to real-world developments.
The market cap of Politifi coins briefly surpassed the billion-dollar mark following the news of Trump’s survival. This milestone underscores the influence of external political events on cryptocurrency markets, particularly within niche sectors like meme coins dedicated to public figures.
As STRUMP continues to garner attention and demonstrate robust price movements, it has emerged as a noteworthy Politifialtcoin to watch.
Toncoin (TON)
It’s been quite a year for Toncoin. TON started off the year at just $2.3 but has skyrocketed since then, reaching an all-time high of $8.24 a month ago.
The token is the native cryptocurrency of the decentralized layer-1 blockchain, The Open Network. TON is designed to be a utility token that fuels dApps within the Toncoin ecosystem.
The Open Network project was originally called Telegram Open Network, as the team behind Telegram had been working on it since 2017. However, Telegram cut ties over fears of issues with the SEC. Since then, it has become a passion project for many developers and crypto enthusiasts.
It’s now home to two of Telegram’s most popular games, Notcoin and Hamster Kombat, and the ecosystem has a market cap of over $20 billion. With the price up 452.50% in the past year, all this spells a bright future for Toncoin (TON).
Popcat (POPCAT)
Popcat is a viral meme coin on the Solana blockchain that has been experiencing volatile price movements, causing some to speculate that it’s about to explode. Its price has risen 27.45% overnight and trading volume is up 48.57%. The token is inspired by the internet’s viral sensation, the Popcat meme.
This meme features Oatmeal, a beloved domestic short-haired cat whose endearing characteristic involves repeatedly opening and closing its mouth.
There’s also a huge amount of open interest, both positive and negative, which can spur further volatility. For traders familiar with meme coins and their propensity for rapid fluctuations, Popcat presents a compelling opportunity.