Bitcoin is the biggest thing in the world of digital money, and it’s got a heartbeat that keeps the whole market going. This heartbeat is like a rhythm that gets people excited and interested in investing. Bitcoin halving is one of the biggest events in the world of crypto, and the fourth edition of it just took place in April 2024. In the aftermath, we take a look at the top altcoins in the world of crypto right now.
This Bitcoin halving is a massive deal because it affects how many new bitcoins are created. The excitement surrounding it historically leads to a bull run for the entire crypto market, which is why you should know about the best altcoins to buy as the market gears up for another of these rallies!
Read this article to learn more about the top altcoins to watch after Bitcoin’s halving.
How can the best altcoins 2024 be used to make profits out of the bullish market?
Altcoins are like the other kids in the digital money playground, besides the popular kid, Bitcoin. Now, when the crypto trading market is feeling good, and prices are going up, that’s what we call a bullish market. And in that market, altcoins can be a great way to make money. Here’s why:
- Higher Returns: Sometimes, the top altcoins can have more significant price swings than Bitcoin. Think of it like a rollercoaster – the ups and downs can be more intense, but if you know when to hop on and off, you might end up with more excitement and profits!
- Market Timing: Knowing when to buy and sell is crucial in crypto trading investment. By understanding the trends and patterns of altcoin prices, you can effectively buy low and sell high, making the most of the market’s ups and downs.
- Diversification: Imagine you have a bunch of different investments: if one of them doesn’t do well, the others can help balance things out. That’s diversification. With altcoins, you can spread your risk across different projects and sectors, reducing the chance of significant losses and maximizing your gains as the market grows.
- Finding Undervalued Projects: When the market feels good, many people focus on Bitcoin. But that means some cool altcoin projects with solid ideas and potential might get overlooked. You can jump on their growth as the market recovers by finding these hidden gems.
- Innovation: Altcoins often bring new features, tech, and ideas to the table, which can shake up traditional industries and create new opportunities. By staying informed about these developments, you can position yourself to benefit from the next big thing in the crypto world.
Well, now that we know about why you should invest in the best altcoins 2024, let’s find out the 5 top altcoins you can look at right now!
5 top altcoins to explore as per Van De Poppe
In a recent podcast, Van de Poppe, a crypto analyst, highlights the potential of altcoins to perform well in the current market. He’s specifically focusing on a few top altcoins:
- Arbitrum (ARB): One of the best altcoins to buy, Arbitrum is a crypto Van de Poppe is excited about. Its roll-up mechanism allows for faster and more scalable transactions compared to Ethereum. With Bitcoin’s positive influence, Arbitrum could surpass its all-time high of $2.39 this Q2 after the Bitcoin halving. Van de Poppe thinks Arbitrum is the best crypto to buy this year for gains.
- Covalent (CQT): Covalent is another project on Van de Poppe’s list, and another of the top altcoins for us to watch. It focuses on simplifying blockchain development and integration. He sees Covalent as a competitor to established players like Tia and believes it has significant growth potential.
- SEI (SEI): The new layer-1 protocol SEI Network has gained attention with its token SEI, one of the best altcoins 2024. SEI achieved new all-time highs in this market cycle. Van de Poppe highlights its potential for crypto investors looking to diversify into promising but less established projects.
- Chainlink (LINK): Chainlink has caught Van de Poppe’s attention too as one of the top altcoins this year. Even though it’s had some recent price drops, it has a lot of potential, especially with the growing interest in DeFi and decentralized apps (dApps).
- SKALE: SKL, part of the Skale Network, is being noticed for its role as a layer two solution for Ethereum. It aims to lower transaction fees and improve scalability. Van de Poppe sees SKL as stronger than Bitcoin and thinks it’s in a consolidation phase.
Conclusion:
The top altcoins present exciting opportunities for investors, with innovative technologies and market disruptions driving the future of financial freedom. Do follow the best altcoins to buy mentioned above, and do your research before making investment decisions!
Millionero makes altcoin trading accessible and efficient, offering a seamless experience for newcomers and seasoned investors.
Stay informed, stay curious, and confidently leverage Millionero’s resources to explore, invest, and trade. Start your altcoin journey today and welcome the possibilities it holds.
Disclaimer: Cryptocurrencies are an inherently volatile asset class, and investments can carry substantial risks. This information is for educational purposes only and should not be construed as financial advice. Always do your own research and conduct due diligence before investing in crypto projects.