3 Altcoins That Could Rally Soon: Solana (SOL), Toncoin (TON), Minotaurus (MTAUR)

Recent analysis indicates that the altcoin market, despite a recent downtrend, may have reached a “relative momentum bottom,” according to crypto analysts.

Crypto Top 200 Equal Weight Index indicates that only 10% of the top 200 cryptocurrencies are outperforming Bitcoin (BTC) over a 90-day period.

The daily active user (DAU) count across all blockchains has risen by 97% year-to-date, suggesting continuous growth and higher asset prices.

With more users leading to increased user fees, the stage is set for a potential rally.

Here are some promising picks that could benefit from this trend:

Solana (SOL) is experiencing a bullish wave, pushing its price higher amid positive market sentiment.

Recent developments, such as Circle minting $250 million in USDC on the Solana network, have boosted confidence.

Analysts anticipate that Solana (SOL) could reach $170 if the momentum continues, considering its strong infrastructure and adoption in DeFi and NFTs.

However, it's crucial to remain cautious of potential market corrections and competition from other blockchain platforms.

Toncoin (TON) is displaying strong bullish dynamics, with key on-chain indicators signalling positive trends.

Its network has grown by 3.09%, and 2.11% of holders are in the plus, reflecting solid market sentiment.

Currently available at around $7.30, if Toncoin (TON) surpasses $7.53, it could rally towards its all-time high of $8.28.

The concentration of large holders supports this bullish outlook, though participants should remain cautious of market volatility and maintaining key support levels.

Minotaurus (MTAUR) is a blockchain gaming project that has recently entered the crypto scene.

Currently in presale, the project is offering $MTAUR tokens at a 77.8% price cut — $0.0000444 each.

Later, these tokens are expected to be valued much higher when they're listed at $0.00020.

Those who join the presale can earn extra incentives by extending vesting and bringing in referrals.

In-game, Minotaurus (MTAUR) offers a maze exploration game where players fight monsters, find treasures, and progress through challenging levels.

As for the $MTAUR utility, project participants can unlock special areas, customize their character, speed up their progress, and buy special items that can elevate their gameplay.

Considering Statista's report on the casual gaming market expanding by 9% annually, Minotaurus (MTAUR) with its engaging gameplay could find a suitable fit.

Cardano (ADA) is preparing for a major upgrade with the Chang hard fork, aiming to create a self-governing community as part of the Voltaire era.

This transition is highly anticipated, with key conditions like adopting node version 9.1 and forming replacement keys by the ICC councils being crucial for success. ADA’s price has surged in recent weeks, reflecting market optimism.

The hard fork is expected to enhance on-chain governance and promote broader adoption, although challenges like ensuring a smooth transition could pose risks to network stability. Monitoring these developments will be vital for Cardano’s long-term potential.

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