Over time, as the value of Bitcoin has ballooned, crypto investors have turned to other alternatives for higher potential gains and altcoins have proven to be the answer. However, the problem comes in as there are thousands of altcoins in the market, making the process of picking the right promising altcoins a rather daunting feat. In light of this, a crypto analyst has provided a detailed list of 9 altcoins that could end up doing very well in the bull market.
Altcoins That Could Do A 100X
Like many, crypto analyst Linton Worm expects that the next crypto bull market will begin in October 2024. This has prompted the move to be prepared when the crypto bull run does begin and buying the right altcoins before that has become one of the best ways to stay positioned. So, Linton Worm has taken to X (formerly Twitter) to inform their over 138,500 followers of the top 9 altcoins to buy to stay positioned.
Realio Network (RIO)
Realio Network (RIO) makes the first appearance on the list sitting at a $6.7 million market cap and a $56.3 million fully diluted market cap. This project is among the top altcoins which are leveraging the Real World Asset (RWA) industry, which is predicted to become a trillion-dollar industry. This high expectation for the RWA industry is expected to propel the coin’s price higher from here.
SUI Network (SUI)
The Sui Network is a layer 1 blockchain that was launched back in May 3, 2024, expected to provide more competition to the likes of Bitcoin and Ethereum. Currently sitting at a $4.05 billion market cap and a $15.01 billion fully diluted market cap, the analyst believes that it is one of the powerful altcoins set to do well in the bull run.
Celestia (TIA)
The Celestia blockchain is another layer 1 blockchain that was launched back in October 2023. Its native token, TIA, had a nice start but has since retraced most of its gains with the recent market crash. It is now sitting at a $1.28 billion market cap and 1 $6.49 billion fully diluted valuation suggests it still has room to run.
LayerZero (ZRO)
LayerZero (ZRO) is an interoperability network that launched in 2024 to much fanfare. Sitting at below a $1 billion market cap at the time of this writing, it has made it into the crypto analyst lists of powerful altcoins to watch out for in October 2024.
Simon’s Cat (CAT)
Meme coins are still all the rave in the crypto market and Simon’s Cat is one of the meme coins that have been taking over the space recently. At $262 million market cap, the analyst believes that this is one of the altcoins that could do well in the market.
Breeder Dodo (DODO)
Decentralized exchanges are still doing well in decentralized finance (DeFi), and their native tokens tend to perform well alongside them. For this reason, DODO has made the list of altcoins that the crypto analyst believes will do well.
TokenFi (TOKEN)
The TokenFi platform is one of those taking over the tokenization space, and the TOKEN altcoin has seen success as a result. This puts it in the league of altcoins that Linton Worm believes are set to do well.
Parcl (PRCL)
The Parcl platform is a decentralized digital real estate protocol that carried out an airdrop of its PRCL token to users who interacted with its platform. At $33 million market cap, it is a promising altcoin in the expected bull run.
Ethena Labs (ENA)
ENA, the native token of Ethena Labs, completes the list of promising altcoins listed by the analyst. At a $96 million market cap, there could still be room for this token to run from here.