Top Altcoins to Buy Right Now Before They Moon
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Top Altcoins to Buy Right Now Before They Moon
Author: Elena R
Mar 23, 2024 12:29
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best altcoins to invest
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Experts recommend buying during dips, with Bitcoin and altcoins like Injective, Cody, and Super having potential for growth.
Bitcoin's supply cut and Ethereum's potential price increase to $14k by 2025 fuel optimism.
Chainlink's innovative solutions and Polkadot's upcoming upgrade are highlighted as reasons for potential growth.
The recent crypto market dip has been a rollercoaster ride for many of us, hasn’t it? But experts often say that when the market takes a dip like this, it’s a chance to make some smart moves. While Bitcoin might still have some bumps in the road short-term, smart investors think about the long haul.
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This is because the recent downturn has also sparked a buying frenzy for many investors, including those eyeing assets like Injective, Cody, and Super. Bitcoin’s impending supply halving and the anticipation surrounding ETF adoption drive bullish sentiments, with predictions ranging from $90k to $150k by the end of the year.
Altcoin Daily, in their latest YouTube video, has unraveled the mystery behind the “Buy the Dip” strategy. This approach suggests grabbing hold of promising coins that are likely to shoot up in value soon.
Top Altcoins for Your Portfolio
Injective (INJ)
Altcoin Daily mentions being on a buying spree, with Injective likely being one of the coins they’ve purchased. It’s highlighted for its potential during market dips, indicating it is a promising investment option.
Cody (CODY)
Another coin in Altcoin Daily’s buying spree, Cody, is known for its privacy-centric features and Layer 2 protocol on Ethereum. Cody’s 10 million rewards program aims to support the rollout of its V2.
Super (SUPER)
While not extensively discussed, Super is included in the list of potential investments during market dips, indicating its relevance within its investment strategy.
Bitcoin (BTC)
Next up on the list is Bitcoin. All because of its impending supply cut during the halving and potential price predictions by various analysts, highlighting its scarcity and value proposition as a hedge against currency devaluation and geopolitical uncertainties.
Read More: Bitcoin, Ethereum and XRP Price Prediction: Bulls Making A Comeback?
Ethereum (ETH)
The analyst has a keen interest in ETH. He recalled the bullish sentiments from Standard Chartered analysts towards Ethereum, emphasizing its potential for reaching $14k by the end of 2025. Despite regulatory uncertainties, the market remains optimistic about Ethereum’s long-term prospects.
Chainlink (LINK)
Moving to, Chainlink’s recognition as one of Fast Company’s most innovative companies in 2024. The analyst discussed its role in tackling blockchain interoperability issues and accelerating the tokenization of real-world assets.
Polkadot (DOT)
The analyst expresses bullishness towards Polkadot, particularly with the upcoming Polkadot 2.0 upgrade and changes in its tokenomics. They discuss its potential for burning tokens and maintaining reasonable block space prices, making it an attractive investment option.
Avalanche (AVAX)
It is worth noting that Avalanche is making huge efforts to compete with Solana and its significant investments in capturing market share, particularly within the meme coin segment. They express bullish sentiments towards Avalanche, indicating its potential for growth and development in the crypto space.
NEW: 8 Crypto Coins I AM Buying! ($150k Bitcoin Price)
Altcoins Price Analysis
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ALTCOINS
Meme Coin Presale Trend Goes Wild on Solana: Almost $150 Million Raised
Meme Coin Presale Trend Goes Wild on Solana: Almost $150 Million Raised
Sergio Goschenko
By Sergio Goschenko
Thu Mar 21 16:30:27 EST 2024
An investigation carried out by blockchain sleuth Zackxbt has found that the trend where individuals ask for funds on social networks and promote their meme coin launches has grown in popularity. Almost $150 million has been raised on Solana after Book of Meme (BOME), the token that pioneered this trend, launched earlier this month.
Meme Coin Presale Trend Goes Popular on Solana
The meme coin presale trend, where users on X (formerly known as Twitter) invite other users to send them funds for a presale process before launching a token has become popular in the Solana community. Blockchain sleuth Zackxbt has found that these initiatives have been successful, raising almost $150 million in SOL.
This trend was pioneered by Darkfarms, a meme artist known for his Pepe creations who launched its Book of Meme (BOME) token to become a top meme coin in the cryptocurrency market in less than a week.
Nonetheless, this has incentivized the theft of the funds allocated for these presales as scammers and impersonators open similar processes for personal benefit. Zackxbt called out several X users who did not fulfill their promises of launching their advertised tokens and instead stole thousands of dollars worth of $SOL from trusting users.
Due to the size and scope of the phenomenon, it is still unclear how many of these presales have ended in this way. Zackxbt reports that over 28,000 SOL have been stolen from users participating in these “presales.”
Anatoly Yakovenko, co-founder of Solana Labs, advised against getting involved in these meme coin schemes. He stated:
Stop doing this.
The rise of these meme coin presale operations on top of Solana has originated a surge in activity that has taken the blockchain to the brink of its operative capacity, with many users complaining about the high number of dropped transactions. The Solana Foundation gave some recommendations for app developers to avoid facing these problems and is preparing an update to its transaction scheduler that would also increase the network’s capacity.
What do you think about the recent popularity of meme coin presales on X? Tell us in the comments section below.
TAGS IN THIS STORY
Anatoly Yakovenko, Book of Memes, Crypto, Cryptocurrency, Meme Coin, Presale, Solana, Solana (SOL), Zachxbt
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