4 Best Coins to Watch in the Highly Anticipated “Altcoin Season”

The time for altcoin investors to reap the rewards of their early-year investments is very near, many cryptocurrency experts said over the weekend, as #altseason became a hot topic on Elon Musk’s X.

There are several altcoins – cryptocurrencies beyond leader Bitcoin – that have made major gains in recent weeks, but some of them are just at another level, including XRP, which surpassed two top digital assets in a matter of hours overtook and became the world’s third largest digital coin by market value.

What is Alt Season?

The hashtag “altseason” was up all weekend

For the prominent crypto investor Elja, the alt season or altcoin season has not yet begun, but will soon be around the corner. Another prominent name in the crypto space, Blockchain Bob, said he is anticipating the peak season and is prepared for the “impact.”

Crypto YouTuber Rony Kapoor believes that “the biggest altcoin season in history is upon us,” while Captain Faibik praised traders who have held on to their altcoins even during downtime in recent months as “the time has come.” they make profits.

Which Altcoins Have High Chances to Shine Better During Altcoin Season?

$XRP – The “Moonvember” key player

XRP, the native cryptocurrency of the had announced his resignation during the presidential inauguration of Donald Trump.

On Sunday, XRP overtook both Solana (SOL) and Tether (USDT) within hours to become the world’s third-largest crypto asset by market value – behind only Ethereum (ETH) and BTC.

XRP holders, who didn’t back down even as the altcoin plunged dramatically after the SEC sued Ripple in late 2020 and Gensler tirelessly pursued the case, shared their feelings of vindication and excitement on Dollars celebrated.

Think Crypto Podcast founder Tony Edward believes the coin could potentially rise between $5 and $8 this cycle and potentially even higher.

$ADA – The Dark Horse

The Cardano blockchain platform has seen increased activity in recent weeks, and some industry analysts believe that the blockchain’s native asset, ADA, is heading towards new highs.

According to data from CoinGecko, the altcoin saw a staggering 218% increase in the last 30 days, indicating that there is a lot of interest in the token.

Furthermore, whales are quietly piling on ADA, positioning themselves at number 8 in the world^Th The largest cryptocurrency by market value may continue to rise amid optimism and bullish momentum in the broader crypto space.

$HBAR – The Silent Mover

Hedera (HBAR) reached a new milestone over the weekend like XRP, but was overshadowed by the huge excitement surrounding XRP as XRP had many problems with the SEC before returning to the power of three.

HBAR entered CoinMarketCap’s top 20 most valuable cryptocurrencies for the first time on Sunday, sparking a wave of cheers among holders and other cryptocurrency observers who watched Hedera slowly but surely make its way to fame.

In the last day alone, HBAR increased by over 35% while trading volume increased by a staggering 334% and increased by over 430% in 30 days. Notably, Hedera has overtaken Litecoin in the market capitalization rankings.

Industry expert Shawn Oroogle believes that with ongoing whale activity, “there will soon be very little HBAR left to buy on exchanges” and that this could lead to “a spike in prices” as demand outstrips existing exchange supply.

$ALGO – The late bloomer

Algorand (ALGO), the super-fast blockchain that can actually compete with the likes of Ethereum and Solana but has struggled to gain the same level of attention and recognition, has been on the rise recently.

During the “Moonvember” period, ALGO prices increased by over 300%, and in the last 24 hours, the price of the token increased by almost 14%.

According to Gate data, ALGO was among the top Layer 1 tokens that had significant trading volume in the last day, accounting for 18.2% of the activity among the leading Layer 1 crypto assets.

Eldar, a well-known crypto personality, said that the crypto space will soon understand the “rarity” of Algorand, the energy-efficient and quantum-safe chain that will bring additional staking rewards this month.

Alternative season for developing new managers?

The altcoin season, which is believed to begin possibly before the end of 2024 (others said it has already begun), is expected to put the spotlight on emerging blockchains and tokens that are realizing their potential due to the strong focus on Bitcoin and other top coins have not yet been able to develop altcoins.

Some believe digital currencies that converge with artificial intelligence (AI) agents will shine all season as interest in AI and crypto booms.

Others are simply looking forward to the profits they will realize from their early investments beyond BTC, especially as optimism grows for the broader crypto industry.