Altcoin Season Imminent: Top 7 Cryptocurrencies You Must Have This Bull Run

The post Altcoin Season Imminent: Top 7 Cryptocurrencies You Must Have This Bull Run appeared first on Coinpedia Fintech News

The digital currency market is abuzz with speculation about an upcoming altcoin season. Analysts, drawing insights from historical trends, suggest that a potential shift could be looming, propelled by compelling indicators. Ben Armstrong, known for his insights into the cryptocurrency market, recently shared his perspective on seven cryptocurrencies he deems as robust investment choices. Among these, XRP and Bitcoin stand out, alongside Ethereum, Solana (SOL), and SUI.

Coins that CANNOT lose:$BTC bc c'mon$ETH bc digital silver/ETF$SOL bc VC Pump Coin$SUI bc Actual Best Blockchain$XRP bc end of case +IPO$PYTH & $ONDO bc I know more than I should

Not financial advice. I make millions & lose it every cycle so don't listen to me.

— Ben Armstrong aka BitBoy Crypto (@BenArmstrongsX) April 11, 2024

Here Are His Top Picks in This Season!

Bitcoin 

The focal point of this altcoin breakout is speculation circling the Bitcoin dominance chart, signaling a potential reversal. It sits at its highest level since March 2021, reaching 54.60%. Keen observers see this surge as a possible catalyst for the next altcoin season.

For Armstrong, Bitcoin’s appeal lies in its status as the foremost cryptocurrency, boasting a market cap surpassing $1.39 trillion. This dominance, coupled with increasing institutional interest and the emergence of exchange-traded funds (ETFs), solidifies Bitcoin’s position as a safe investment choice.

Ethereum

Similarly, Armstrong sees Ethereum as a digital counterpart to Bitcoin, often called digital silver. With pending applications for ETFs and a parallel rise in institutional adoption, Ethereum’s role as a key player in cryptocurrency appears secure.

Solana

Turning to Solana, Armstrong highlights its recent surge in popularity, particularly fueled by successful meme coin launches on its blockchain. This traction and its status as a “pump coin” for venture capitalists position Solana as an attractive investment opportunity.

XRP 

In the case of XRP, Armstrong’s optimism centers on the potential resolution of Ripple’s lawsuit with the SEC and the anticipation surrounding Ripple’s potential initial public offering (IPO). Apart from IPO, the adoption of XRP by central banks and Ripple’s partnership with the BIS could lead to a significant price surge and financial stability, making it a top cryptocurrency for central banks and opening up new possibilities for innovation. He believes these developments could significantly impact XRP’s trajectory, making it a compelling investment option. 

Also Read : Rich Dad Poor Dad Author Rober Kiyosaki Refuses Investment in Bitcoin ETFs; Here’s Why

Alternate Picks

In addition to these known choices, Armstrong mentions SUI, Pyth Network (PYTH), and Ondo Finance (ONDO) as noteworthy investments. These low-cap cryptocurrencies, each focusing on real-world asset tokenization and blockchain innovation, add diversity to Armstrong’s recommended asset portfolio.

Armstrong’s selection reflects his bullish outlook on the cryptocurrency market, underpinned by optimism about the long-term potential and resilience of these chosen cryptocurrencies amidst evolving market dynamics.