Top 8 Altcoins To Buy Before Alt Season Hits 2024

The crypto market moves fast blink and you might miss the next big opportunity. With the potential for massive gains in the next alt season, these are the 8 must buy cryptos to add to your portfolio now.

1. ETH

Why ETH?

Ethereum is a must have for any crypto portfolio. As the leading platform for decentralized apps and DeFi, ETH is poised for big gains in the next alt season. With major upgrades like ETH 2.0 on the way, Ethereum is set to become faster, cheaper, and more environmentally friendly. These improvements could send ETH’s price going to new heights.

2. Binance Coin (BNB)

Why BNB?

Binance Coin is another top pick, as it’s the utility token of the Binance ecosystem which includes the world’s largest crypto exchange. BNB offers perks like trading fee discounts and the ability to participate in exclusive token sales. With the explosive growth of Binance Smart Chain for DeFi, demand for BNB is likely to increase.

3. Solana (SOL)

Why SOL?

Solana is a high-performance blockchain that’s taking the crypto world by storm. With ultra fast transaction speeds and rock bottom fees, Solana is attracting a lot of attention from developers and investors alike. As more projects build on Solana, SOL could be one of the top gainers in the next alt run.

4. Polkadot (DOT)

Why DOT?

Polkadot is a multi-chain network that allows different blockchains to communicate and work together easily. DOT is used for staking and governance of the network. With the launch of parachains enabling a wide variety of new use cases, Polkadot is one to watch in the coming months.

5. Dogecoin (DOGE)

Why DOGE?

Dogecoin started as a joke but has become a serious contender in the crypto space. With a huge community following from heavy hitters like Elon Musk, the meme coin has serious potential. As more businesses start accepting DOGE and it gains steam as a payment method, the price could continue to climb.

6. Toncoin (TON)

Why TON?

Toncoin is the native token of the TON blockchain, a scalable decentralized network launched by the team behind Telegram. With fast transactions, low fees, and easy staking, TON has been gaining traction fast. As more Telegram users start utilizing TON’s features, the price of Toncoin could take off.

7. Cardano (ADA)

Why ADA?

Cardano is a research driven blockchain platform focused on security and sustainability. With a peer reviewed foundation and active community, Cardano is a serious long-term project. As more DApps launch on Cardano and staking increases, ADA could be set for a major breakout.

8. Avalanche (AVAX)

Why AVAX?

Avalanche is a speedy smart contract platform that’s been onboarding an impressive number of DeFi and NFT projects. With high speeds, scalability, and compatibility with the Ethereum Virtual Machine, Avalanche is well positioned to gain market share. As the AVAX token is used for staking and fees, it’s a good bet for the next alt season pump.

How to choose the best crypto to invest in for altcoin season 2024

When deciding which cryptocurrencies to invest in before the next altcoin season, there are a few key factors to consider:

1. Fundamental value: Look for projects with strong fundamentals, such as a solid team, innovative technology, real world use cases, and partnerships. The coins covered in this post all have compelling value propositions.
2. Market sentiment: Pay attention to social media buzz, news coverage, and overall market sentiment. Coins that are generating a lot of positive attention and hype are often well positioned for gains.
3. Technical analysis: Study the price charts and look for bullish patterns and indicators such as breakouts, high volume, and strong support levels. Coins that are showing strength and momentum are good candidates.
4. Diversification: Don’t put all your eggs in one basket. Spread your investments across multiple promising altcoins to manage risk and maximize your potential upside. The 8 coins in this post provide a solid starting point for a diversified altcoin portfolio.

Frequently Asked Questions

What is alt season?

Alt season refers to a period of time when alternative cryptocurrencies (altcoins) outperform Bitcoin in terms of price gains and market capitalization. During this season, altcoins tend to see a surge in value as investor interest shifts from Bitcoin to smaller cap cryptocurrencies.

When is alt season expected in 2024?

There is no definitive start or end date for alt seasons as they are driven by market cycles and sentiment. However, many analysts expect an alt season to arrive sometime in 2024 based on historical patterns and the current state of the crypto market.

Why buy altcoins before alt season?

Investing in promising altcoins before an alt season can potentially yield higher returns if those coins experience significant price appreciation during the season. The idea is to buy before the hype and price surge.

What criteria were used to select these 8 altcoins?

Some potential criteria could include: strong technology/use case, active development, solid team, large potential market, good tokenomics, high trading volume, listing on major exchanges, etc. Explain your evaluation process.

Are these short-term or long-term holds?

Clarify if these are positioned as short-term trades to capitalize on an alt season pump or long-term investments in projects with fundamentals for sustainable growth.