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Top 5 Altcoins to Buy Now Ahead of Altcoin Season

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Release: 2024-06-24 19:23:34
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With altcoin season on the way, now is the best opportunity to accumulate altcoins with bullish potential. The above are some of the altcoins to buy

Top 5 Altcoins to Buy Now Ahead of Altcoin Season

As the altcoin market continues to struggle, a recent development has emerged. After weeks of investigations, the United States Securities and Exchange Commission has closed its case on Ethereum. This news, which was shared by Consensys in a tweet on X, has sparked excitement among crypto enthusiasts, with analysts predicting massive rallies in the coming weeks.

In light of this news, several top altcoins have been identified by analysts as having the potential to experience significant price increases based on recent developments. Among these altcoins are Angry Pepe Fork, Ethereum, Optimism, Binance Coin, and Render. Here's a closer look at why you might want to consider buying these tokens now.

1. Angry Pepe Fork Price Projected for 20X Rallies In Q3

With Solana-based meme coins ranking among the top gainers of the year, analysts have identified a new Solana meme coin that could return 20x in Q3. The new altcoin, Angry Pepe Fork, is a community-driven project that aims to reward users for participating in various challenges. Utilizing its unique conquer-to-earn model, Angry Pepe Fork will reward individuals who form armies to conquer and ultimately destroy various zombie meme coins.

These rewards come in the form of staking. Unlike other projects where the staking feature is introduced towards the end of the presale, the Angry Pepe Fork staking dApp will be available at the presale stage, allowing users to stake their tokens for maximum returns. The ecosystem is designed such that as more zombie meme coins are conquered, the APORK army's APY increases.

Apart from participating in the game, there are multiple avenues to earn, such as showcasing prowess on the battlefield and becoming a highly decorated member of the APORK community. Additionally, the ecosystem recently joined the $50K USDT prize pool summer event hosted by TaskOnCampaigns.

Users who complete a series of challenges, such as following Angry Pepe Fork on various social media pages, stand to get rewarded. Meanwhile, the APORK token is sold for just $0.014. Having raised over $158,000 within a few days, analysts believe that APORK is one of the top altcoins to buy now. With only a 1.9B total supply, its scarcity is evident, making it one of the best altcoins to buy before its launch.

2. Ethereum Price Prediction – How High Can Ether Go In Q3?

As one of the top cryptocurrencies by market capitalization, Ethereum is a decentralized open-source blockchain network that facilitates the execution of smart contracts. It has been frequently mentioned in the crypto news headlines in recent weeks, ranging from the news of the Ethereum EFT approval to the ongoing investigation by the US SEC.

Now, after weeks of anticipation, the SEC has closed its case with Ethereum, and the Ether ETF is projected to start trading within the next three weeks. As a result, Ethereum is among the top altcoins that are anticipated to experience massive rallies in Q3. CoinMarketCap data reveals that the altcoin has reestablished support above the $3500 mark following the recent market downturn.

Crypto analyst Titan of Crypto believes that the Ethereum recovery phase is nearing its end, and a rally is about to begin. At the same time, another top crypto analyst, Ali Martinez, noticed an increasing surge in Ethereum social media mentions, which indicates investors' confidence in the altcoin. With the Ether ETF set for trading in the coming weeks, Ethereum's price may hit $5K in Q3, putting it on our list of altcoins to buy.

3. Optimism Price Analysis — Bullish Rally Imminent

Optimism is a layer 2 protocol and smart contract platform that is built on top of Ethereum, enabling lost-cost transactions. After battling the bear trend for several weeks, the altcoin is showing visible signs of a rebound. This is evident in the increasing Optimism trading volume, which sees over $200M in daily trading activity. However, the Optimism market cap remains a concern as it struggles to stay afloat at $2B.

Zooming in, the Optimism technical analysis suggests that the token is still in a downtrend with bearish market sentiment. Additionally, Optimism trades below the 50-day and 200-day EMA, with only 10 green days in the past month. Other key market indicators, such as the MACD and Ichimoku Cloud, remain largely neutral.

However, a crypto analyst, Crypto Girl, observed that Optimism has formed another triangle within the ascending channel on the higher timeframe. The analyst believes a breakout above the descending resistance zone could trigger massive rallies with a $5 target. As the bull run approaches, OP is one of the top altcoins to watch out for.

4. Binance Coin Price Prediction — Can It Retest The ATH?

BNB is the native token of Binance, the world's largest crypto exchange. Despite facing legal challenges in recent months,

News source:https://www.kdj.com/cryptocurrencies-news/articles/top-altcoins-buy-ahead-altcoin-season.html

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source:kdj.com
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