As Bitcoin price moves back above $52,000, a few altcoins stand out as potentially big movers over coming months. Ethereum, Solana, and XRP are three of the top altcoins likely to see parabolic gains during the bull market. In the meme coins space, the lack of inherent utility for recent outperformers means it’s Memeinator that’s making a case for itself as the hottest meme coin today.
Bitcoin looks to reclaim $52k level
After a staggering run over the past few weeks, Bitcoin retraced to below $51k – falling by around 3% in the 24 hours on Friday. Weekly gains for the top crypto asset shrunk from double digits to 7.4%, while the market cap fell below the $1 trillion mark.
Despite these losses, investors remain largely bullish and BTC price is looking to reclaim and strengthen above $52k once more. Currently, the flagship cryptocurrency trades around $51,900 and the market cap is above $1 trillion. Per data on Coinglass, the past 24 hours have seen more than $100 million trades liquidated – over $78 million of that in shorts. BTC shorts liquidated in this period are $25 million and ETH about $14 million.
Analysts are now looking at the spot ETFs and upcoming Bitcoin halving for new legs, the latter seen as a catalyst that could push Bitcoin higher in the second half of the year. As this unfolds, investors are looking at great coins that offer a “buy low” potential and that help diversify their portfolios.
Below are four coins that could be great to buy amid bull market predictions.
4 altcoins with potential to explode in 2024
Ethereum: Top altcoin in the market
ETH price reached highs of $4,800 during the last bull market. While it traded to below $1k during the bear market, it’s currently above $2,800.
Analysts say a potential Ethereum spot ETF approval in May and upcoming network upgrades could provide the market with enough fuel to push ETH to above $4,000 in May. Some predictions have the base target for Ethereum price during the bull market at $10k.
Solana: Massive network growth makes for a bullish outlook
Solana (SOL) is another of the smart contracts platforms whose growing traction could propel the native SOL token higher. Integration with Filecoin and other network tweaks, coupled with the frenzy of the meme ecosystem has experts and observers convinced of a Solana bull breakout. Add to it the DeFi, gaming and NFTs ecosystem and the potential for an explosive run is there.
If the network sorts out the downtime issue, a run to $150 in coming months could open up room for bulls to target a new all-time high.
XRP: Regulatory clarity and Ripple’s growth are key
Ripple’s XRP is one of the coins to watch given it lagged the broader market during the last bull phase amid legal battles with the SEC. With XRP declared not a security and Ripple’s strengthening its grip as the top coin for international payments and transfers, it’s looking like XRP is finally poised to fly.
The anticipation is that a retest of $1 will open up XRP for a potential run to its ATH of $3.40 reached in January 2018.
Memeinator: MMTR eyes meme coin dominance
Memeinator is a meme crypto project aimed at taking out all weak memes, with a powerful value proposition that could make it the dominant player in the ecosystem. As well as its play-to-earn gaming offer – a feature that has attracted Red Apple Technologies – there’s staking and NFTs. Most meme coins are low-quality copycats of Dogecoin and will not survive the Memeinator’s purge when the Meme Warfare game launches.
Early investors have a chance to grab the native MMTR token on the cheap, with the presale price currently at $0.022 in stage 15. The project has attracted a lot of attention, raising over $4.8 million.
Only five more stages, which will see MMTR rise to $0.0292, before the token launches in the market. With an early target of $1 billion market cap, the Memeinator could go straight into the top three meme coins – behind Shiba Inu and Dogecoin.
As noted, Catalysts for its eventual dominance include the expected listing on tier-1 exchanges, launch of its P2E game and the broader shift to value meme coins.
Discover more about the Memeinator here.
