Bitcoin has already managed to reverse its price and has since seen a spike in value, now attempting to reclaim the $70k range once again. Investors are excited and FOMO is high since a major move by Bitcoin could mean the start of a bull market and the next altcoin season.
With strong bullish sentiments looming within the altcoin investing community, the demand for some altcoins has shot up considerably as well. These include high-utility tokens as well as memecoins. Analyzing the price trajectory of each project, current standing in the crypto space, and several other elements revealed that some projects are poised to record the most profits and potentially explode as soon as the altcoin season hits.
A mix of established and presale projects, these could end up being excellent altcoin investments for those looking to make massive profits in the coming weeks. These projects include:
Ripple (XRP)
During the last bull run, one of the most talked-about cryptocurrencies was XRP. While the project, which had been a part of multiple legal issues, went through a major correction, its community has seen an exponential increase over the months.
This growth is set to help the token eventually pick up pace as well. At the time of writing, the price of XRP is about $0.6, but social media posts indicate strong bullish sentiments from its community, with a majority expecting the token to cross the $1 mark in the upcoming months.
The project has already seen a massive spike in price, exceeding 50% within a single month, despite not having any major announcements or developments. This could mean that strong organic growth is being experienced within the Ripple ecosystem, making it a viable option to consider for investors looking to park their funds into explosive altcoins this season.
Pepe (PEPE)
Memecoins have gone from being sidelined as "shitcoins" to being considered serious high-potential altcoins. Pepe, the third largest memecoin in the industry, with a market cap of more than $4.9 billion, has already experienced huge growth in the past couple of days.
It managed to hold its support level at $0.00000817, after which it made a reversal and has since been on a continuous uptrend, leading to its current value of about $0.0000118. The last time it held this support, it experienced growth of more than 80%.
Investors believe that the altcoin season could act as a launchpad for the token’s increase in price, helping it break the resistance and make a new all-time high, eventually gaining more value in the coming months. With several updates like the launch of new utilities and community-centric offerings teased by the developers, a pump of such magnitude can surely be speculated, even from a realistic investor’s point of view.
Shiba Inu (SHIB)
The second biggest memecoin by market cap, Shiba Inu has consistently managed to reward its holders over the years. It was one of the biggest gainers during all major market pumps and has constantly been a community favorite, evident through thousands of social media posts and millions of followers it boasts on platforms like Twitter and Telegram.
It took off in value during the early 2021 bull run when the token was introduced. However, even during the second pump, when many altcoins didn’t manage to sustain their previous value, SHIB recorded another massive spike, this time even greater than its last one.
The token made a new all-time high in November 2021, recording returns worth more than 350% within a single week. Since then, it had been on a continuous downtrend, with only the recent weeks recording the token in green. However, despite its recent spike in value, the RSI still places SHIB at a safe 59.11, meaning it is far from being termed an overbought asset.
If an altcoin season ensues, then we could possibly see the value of SHIB rise multiple folds, despite its high market cap valuation, given the steady increase in community strength the token has experienced in several months since 2023.
These were three high-potential but relatively safer and established projects that one could invest in for good returns in the future. But the altcoin season often rewards heavily, which means that parking funds into low market cap projects with strong growth potential could often be very profitable.
Social media trends, several crypto news platforms, and analysts believe that these presale projects could make it to the top gainer list if the altcoin season hits the market in the near future coinciding with their token launches.
The Meme Games (MGMES)
The Meme Games project is one of the latest launches in the presale space and is already positioning itself as one of the best altcoins to purchase. As the name suggests, the Meme Games features a play-to-earn concept, but with an exciting element as its central theme—the upcoming Olympics.
Given the interest surrounding one of the biggest sports events in the world, combined with the scope of earning major profits from the hype the project could create in the future, this altcoin also manages to make it to the top of many investors’ lists when it comes to stocking up right now.
At the time of writing, the token has already managed to raise more than $120k, which is impressive given the presale is less than a week old. With staking, bonuses, and other exciting elements on the way to the ecosystem, this altcoin could be among the frontrunner altcoins in terms of returns in the altcoin season.
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Shiba Shootout (SHIBASHOOT)
Shiba Shootout has quickly captured investor interest with its Wild West theme and engaging storyline featuring the beloved Shiba Inu mascot in a digital frontier town called Shiba Gulch. The project has raised $680k in its presale phase, drawing significant attention on social media.
Shiba Shootout’s early investors benefit from impressive staking rewards with APYs over 1400%, and the current presale price of $0.0196 per token makes it an attractive buy.
The token can be purchased using ETH, BNB, USDT, and even card payments, broadening its accessibility. It has already garnered popularity and the interest of multiple crypto influencers, including ClayBro, who is a big crypto YouTuber with over 170k subscribers.
With a suite of strong utilities and further developments in the works, Shiba Shootout could surely turn out to be a massively successful memecoin, especially when altcoins take off in value and pump as a whole in the coming weeks.
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Pepe Unchained (PEPU)
Pepe Unchained, a project set to revolutionize the meme coin landscape, is introducing the first-ever meme coin Layer 2 solution. Pepe, the frog-themed meme coin, launched just over a year ago and now ranks third among meme coins with a market cap of $5 billion. Pepe Unchained addresses issues like network congestion and high gas fees by leveraging Layer 2 technology, offering faster, cost-effective, and user-friendly transactions.
Pepe Unchained's Layer 2 solution promises near-instant transaction finality, a dedicated block explorer, and seamless bridging capabilities between Ethereum and the Pepe Chain. These features enhance transparency and cross-chain interactions, making it a robust platform.
Crypto analysts and popular YouTube channels like 99Bitcoins and Mathew Perry have discussed the project. 99Bitcoins highlighted Pepe Unchained's strong potential, suggesting it could achieve a 10x return after launch. The project's innovative approach and Pepe brand connection create a unique value proposition for altcoin season gains.
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Mega Dice (DICE)
Mega Dice is making headlines as the first-ever licensed crypto casino accessible via Telegram. Players can use the Telegram bot to execute decisions without visiting the website, making it competitive with industry leaders like Stake.com and others. By leveraging Telegram's 700 million user base, Mega Dice aims to make crypto casinos more accessible, offering user-friendly and creative ways to engage with online gambling.
Mega Dice offers a 200% match bonus on first deposits, up to 1BTC, and 50 free spins on games like Wanted Dead or a Wild. Despite volatile market conditions, Mega Dice has raised nearly $1.6 million in its presale.
Popular crypto analyst and YouTuber Michael Wrubel has highlighted Mega Dice's potential as a utility altcoin, suggesting it could lead to significant growth and pump in the future. As the first licensed Telegram casino, Mega Dice stands out as an innovative alternative to conventional crypto casinos. Its unique approach and significant user base make it a promising project, with DICE tokens likely to increase in value, especially during the altcoin season.
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Source: https://thebittimes.com/6-next-cryptocurrencies-to-explode-in-altcoin-season-xrp-pepe-shiba-inu-tbt97112.html
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