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Investors are wondering when the next bull run will take place and are curious about which crypto to invest in for substantial growth during that period. Several altcoins have posted impressive gains this year, despite market volatility affecting major cryptocurrencies.
As we approach the end of 2023, various price prediction experts anticipate further gains for the most promising crypto. In this article, we analyze the top altcoins expected to perform well in the upcoming crypto bull market.
Toncoin (TON)
At the start of 2023, $TON had a period of steady movement, hovering between $2 and $2.40. However, after March, $TON faced a decline after hitting a barrier at the $2.50 level.
In spite of September traditionally being a tough month for Bitcoin and the overall crypto market, Telegram’s announcement about the Ton Foundation’s Web3 ecosystem sparked a notable price increase. Telegram, with nearly 800 million users globally, is a highly popular messaging app, especially in the crypto community.
Projects on the $TON blockchain now receive priority access to the messaging app’s advertising platform, and the TON Foundation is actively working on integrating crypto wallet functionality into the app, set to launch globally in November 2023.
In just one month, $TON’s value surged by 86%, with most of these gains occurring after the September 13 announcement. During a time when the market showed signs of improvement, investors often seek the next cryptocurrency poised for significant growth.
Currently, Toncoin trades at nearly 65% below its all-time high, suggesting a potentially favorable entry point before an expected bull run in 2024 and 2025. $TON has gained significant momentum following the Telegram announcement and now ranks among the top 15 cryptocurrencies by market capitalization.
Solana (SOL)
Solana stands out in the blockchain arena by providing lightning-fast transactions at the lowest transaction costs compared to its peers. Its ecosystem continues to expand, witnessing daily launches of new applications.
Solana is the only major blockchain that has not only introduced its own smartphone but has also forged a partnership with Visa for USDC settlements.
Currently trading at a substantial 91% below its peak price of $260, Solana presents a compelling opportunity with low risk and the potential for substantial growth.
Solana has already firmly established itself in the DeFi sector, offering users cost-effective, high-speed transaction execution and interaction with DeFi protocols.
With an impressive array of over 100 decentralized applications (dApps) on the Solana blockchain catering to yield farming and lending, it is at the forefront of the DeFi movement, setting the stage for seamless onboarding of new users in the future.
Bitcoin Minetrix (BTCMTX)
Bitcoin Minetrix, a promising cryptocurrency for the next bull run, is offering $BTCMTX tokens at a low $0.011 per token during its ongoing presale. With an expected increase to $0.0119 by the final round, this presale evenly allocates 2.8 billion tokens across its phases and has already gathered over $900k in funding.
The attraction lies in its high staking returns and the introduction of cloud mining opportunities. Bitcoin Minetrix has pioneered the concept of tokenized cloud mining, where users can earn cloud mining credits by staking $BTCMTX in an Ethereum-based smart contract.
#BitcoinMinetrix has once more crossed a crucial milestone! 🚀
We have raised over $900,000. pic.twitter.com/zWvJsUwiBb
— Bitcoinminetrix (@bitcoinminetrix) October 10, 2023
These credits are securely stored on a digital ledger and can be redeemed within the ecosystem for Bitcoin mining power, offering mining time and a share of mining revenues.
As the presale continues and the stake-to-mine system is launched, the aim of raising $32 million is well within reach. Once the token is listed on exchanges, increased trading activity could further boost its value.
Aave (AAVE)
Aave is a decentralized protocol known for its lending and borrowing services, offering additional features such as interoperability, multichain support, variable interest rates, and flash loans. Users can also monitor markets, deposits, borrowings, and participate in governance by voting on proposals.
However, Aave’s price has displayed a bearish trend in recent months, declining from $81 since July 14th. Nevertheless, over the past 30 days, $AAVE has seen an 18% increase. Currently, Aave is priced at $64.01, with a 24-hour trading volume of $91.34 million and a market cap of $933.65 million.
Over the last 24 hours, $AAVE has seen a 1.10% price increase, indicating bullish market sentiment. Analysts anticipate Aave’s price to reach $95 by December.
Optimism (OP)
Optimism functions as a layer-two blockchain built on top of Ethereum. The Optimism Foundation is a charitable organization dedicated to the growth of the Optimism ecosystem. Similar to Ethereum, Optimism aspires to become a fully decentralized, non-profit public utility.
It also pledges to establish an architecture that supports the growth and sustainability of public goods, funded entirely through grants and contributions.
At present, the price of Optimism stands at $1.25, with a 24-hour trading volume of $179.94 million and a market capitalization of $266.85 million. Over the last 24 hours, the $OP price increased by 1.30%.
According to technical indicators, Optimism’s 200-day Simple Moving Average (SMA) is projected to reach $1.52 by November 9, 2023, while the short-term 50-Day SMA is anticipated to reach $1.26 by the same date. The Relative Strength Index (RSI) is currently at 36.84, indicating a neutral position in the $OP market.
Where to Buy Crypto?
The mentioned altcoins are accessible for purchase on leading crypto exchanges like eToro, a popular trading platform featuring a wide selection of over 75 cryptocurrencies, including Solana and Aave, with a low trade fee. eToro also provides a user-friendly crypto wallet app named eToro Money for secure coin storage.
For a comprehensive list of the best altcoins to consider before the anticipated 2025 bull run, you can check out the video above and subscribe to his YouTube channel for more crypto-related content.
Additionally, Jacob Crypto Bury manages a Discord community with 17,000 members, offering trading insights and information on upcoming crypto presales.
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