The post Navigating the New Crypto Cycle: Top Altcoins to Watch in 2024 appeared first on Coinpedia Fintech News
Cryptocurrency is booming like never before, attracting a lot of money. But there is also fear and FUD in the market right now because of the Fed rate cut decision and geopolitical issues circling crypto. Bitcoin is facing the Top and top-and-bottom cycle, bringing a good chance for other low-cap coins to capture the market.
Analysts think this cycle could be huge, especially for altcoins and AI tokens. With Bitcoin’s halving coming up, and new exchange-traded funds (ETFs) gaining traction, the market’s getting ready for some big changes. Analysts, like James from Invest Answers, believe this cycle could surpass previous ones due to less market manipulation and increased institutional interest.
Altcoins and AI tokens could be game-changers. For Bitcoin, he shared conservative price projections, suggesting potential price targets exceeding $200,000 to $250,000 by mid-2025, driven by institutional inflows and supply scarcity.
Top Altcoins to watch out for in this Cycle!
In a recent interview with Altcoin Daily crypto analyst James of InvestAnswers, discussed a range of altcoins, shedding light on their potential in the current market cycle.
Solana
Analysts expressed a bullish sentiment towards Solana, citing its impressive throughput, low transaction fees, and burgeoning user base. He emphasized Solana’s dominance in terms of daily active users and transactions compared to other leading chains like Ethereum. This assessment underscores Solana’s growing prominence within the crypto market.
NANO
Within the Solana ecosystem, James highlighted an AI-oriented project called NANO. Despite its relatively low market capitalization, James views NANO as a promising investment due to its potential value proposition. He emphasized the significance of its compute capabilities, hinting at its potential to play a pivotal role in the evolving landscape of artificial intelligence.
Render
Another project mentioned by James is Render, which operates within the realm of AI and compute. Render’s strategy of leveraging compute from projects like NANO underscores its innovative approach and potential for growth. James sees promise in Render’s ability to enhance its offerings by tapping into the computational resources of other platforms.
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Other Altcoins
While James briefly touched upon other altcoins like Bass, Tau Bit, and Sore, his focus remained on projects like NANO and Render due to their compelling fundamentals and potential upside. He emphasized the importance of thorough analysis and strategic investment decisions, particularly in the downtrend market.
While there are predictions of a market crash post-halving, experts see this as a good opportunity to buy the dip as the market is expected to boom in Q2.
Read Also : How Will Bitcoin Halving Impact Top Cryptos