As the value of Bitcoin has surged over time, crypto investors have begun exploring other alternatives for higher potential gains. Altcoins have emerged as a promising option. However, with thousands of altcoins available, selecting the right ones can be a complex task. To simplify this process, a crypto analyst has identified nine altcoins that could perform exceptionally well in the upcoming bull market.
Altcoins That Could Do A 100X
Crypto analyst Linton Worm predicts that the next significant crypto bull market will kick off in October 2024. To capitalize on this, being prepared and selecting the right altcoins ahead of time is crucial. Linton Worm has shared a list of the top 9 altcoins on X (formerly Twitter) with their 138,500+ followers, providing insights into which cryptocurrencies to invest in.
1. Realio Network (RIO)
Realio Network (RIO) tops the list with a $6.7 million market cap and a $56.3 million fully diluted market cap. This project is a key player in the Real World Asset (RWA) industry, which is anticipated to become a trillion-dollar market. The high expectations for the RWA sector could significantly drive up the price of RIO.
2. SUI Network (SUI)
Launched on May 3, 2024, the Sui Network is a layer 1 blockchain that aims to compete with giants like Bitcoin and Ethereum. With a market cap of $4.05 billion and a fully diluted market cap of $15.01 billion, the analyst believes SUI has strong potential for growth during the bull run.
3. Celestia (TIA)
Celestia, another layer 1 blockchain, was introduced in October 2023. Although its native token, TIA, initially surged, it has since seen a correction. Currently, with a market cap of $1.28 billion and a fully diluted valuation of $6.49 billion, Celestia still has room for significant growth.
4. LayerZero (ZRO)
LayerZero (ZRO) is an interoperability network launched in 2024. Despite having a market cap below $1 billion, it has caught the attention of the crypto analyst, who believes it will be one of the standout altcoins in October 2024.
5. Simon’s Cat (CAT)
Meme coins continue to captivate the crypto market, and Simon’s Cat is no exception. With a market cap of $262 million, the analyst sees potential in this meme coin to perform well in the market.
6. Breeder Dodo (DODO)
Decentralized exchanges remain a strong segment within decentralized finance (DeFi). The native tokens of these platforms often perform well, and DODO is no different. This altcoin has made it to the analyst’s list of promising investments.
7. TokenFi (TOKEN)
TokenFi is making waves in the tokenization space, and its native altcoin, TOKEN, has seen notable success. This positions it as one of the altcoins that Linton Worm believes will thrive.
8. Parcl (PRCL)
Parcl is a decentralized digital real estate protocol that distributed its PRCL token via an airdrop to users. With a market cap of $33 million, Parcl is a promising altcoin poised for the upcoming bull run.
9. Ethena Labs (ENA)
Completing the list is ENA, the native token of Ethena Labs. With a market cap of $96 million, there is still ample potential for this token to grow from its current position.
As the cryptocurrency market evolves, keeping an eye on these altcoins could prove beneficial. By staying informed and making strategic investments, investors can position themselves to take advantage of the next bull market.
