The forthcoming cryptocurrency bull market is likely to be predominantly driven by altcoins. Experts suggest that Bitcoin is still far from reaching its cycle peak, with some predicting it could soar to as much as $150,000 by early 2025. However, they also contend that Bitcoin Dominance may be nearing its zenith, suggesting a downward trend is on the horizon, which would create an opportunity for an altcoin surge. Currently, Bitcoin Dominance (BTC.D) sits at 57.3%, marking its highest point in four years.
**Bitcoin Dominance cycle peak seems to be upon us.**
**Altcoins are set to take charge from here.**
— K A L E O (@CryptoKaleo)
August 8, 2024
### Top 5 Altcoins to Consider
In recent years, Bitcoin Dominance has been on the rise, outpacing both Ethereum and various altcoins. Nevertheless, this trend could shift in the months ahead. The recent downturn in the crypto market has turned out to be unexpectedly beneficial for investors who were previously on the sidelines. Several promising altcoins seem to have found their local lows and are now preparing for a new upward trend.
With the Federal Reserve poised to cut interest rates in September, there’s a strong possibility that capital within the crypto market will begin to flow toward large-cap and mid-cap altcoins. Additionally, low-cap opportunities, including new meme coins, should not be overlooked.
Here, we present five of the best altcoins to consider purchasing before the next crypto bull run kicks off.
### XRP (XRP)
XRP stands out as our top choice among altcoins to buy ahead of September. Ripple has recently achieved a significant legal victory against the U.S. Securities and Exchange Commission (SEC), with Judge Analisa Torres imposing a fine of only $125 million for its alleged illegal institutional sales—far less than the SEC’s demand of $1.9 billion.
This outcome may signal the end of the prolonged Ripple versus SEC litigation, which has drawn criticism from various political factions for its anti-crypto stance. Notably, former President Donald Trump has pledged to remove SEC Chairman Gary Gensler if he is re-elected. Consequently, an appeal from the SEC against Judge Torres’ ruling from July 2023 seems unlikely.
With the lawsuit potentially resolved, XRP could now aim for its previous all-time high, suggesting a potential sixfold increase from its current price.
Since the ruling, XRP has surged nearly 24%, trading at $0.62. A breakthrough above the $0.66 resistance could set the stage for reaching $1 by September.
### Pepe (PEPE)
Pepe remains a highly appealing altcoin in anticipation of the next bull run. Investing in the Pepe coin is not only based on its fundamentals but also on the positive sentiment surrounding Ethereum. Following the launch of spot ETH ETFs, analysts speculate that Ethereum’s price could climb to $10,000 during this cycle—offering new ETH investors a potential fourfold return.
Alternatively, they might consider acquiring Pepe, which has been trading like a leveraged version of ETH. Experts forecast that this meme coin could achieve a market capitalization of $50 billion in the coming months, translating to nearly 16x returns for new investors.
After the recent crypto downturn, Pepe’s price has fallen to $0.0000082, over 50% below its all-time high, presenting an excellent buying opportunity for those who have been waiting for the right moment.
### Pepe Unchained (PEPU)
Pepe Unchained is the newest meme coin featured in our top altcoins list. The demand for frog-themed meme coins is skyrocketing, as evidenced by the explosive growth of PeiPei, PLONKE, and PepeFork. Early investors in these coins have reaped substantial profits, and there’s no sign of this trend slowing down.
Savvy investors believe that Pepe Unchained could be poised for a breakout. Its presale has already raised an impressive $7.6 million in just a few weeks, indicating strong interest.
PEPU aims to be a viable alternative to Pepe. Uniquely, it will introduce a native Layer-2 blockchain to attract retail investments, addressing high trading fees on the Ethereum network while offering enticing staking rewards. Analysts predict that Pepe Unchained could experience significant adoption post-launch, potentially yielding 100x returns for early adopters.
### Floki (FLOKI)
Similar to Pepe, Floki has emerged as a bet on both Ethereum and BNB. As a multi-chain meme coin, Floki is available as both ERC-20 and BEP-20 tokens. It distinguishes itself from standard tokens through its utility, featuring services like FlokiFi Locker, staking options, and a play-to-earn game called Valhalla.
Recently, Floki has even announced the launch of its trading bot, reinforcing its appeal. Thus, it’s no surprise that experts continue to endorse it as one of the best altcoins to consider before the next market surge.
Currently trading at $0.00012, Floki is approximately 63% below its all-time high, presenting an opportune moment for investors to enter. Some analysts predict that Floki could reach a market capitalization of $20 billion in this cycle, implying nearly 17x returns for new buyers.
### PlayDoge (PLAY)
PlayDoge rounds out our list of promising altcoins to invest in before the next bull run. This coin has captured the attention of discerning investors due to its striking resemblance to Floki. Like Floki, PlayDoge operates as a multi-chain meme coin on both Ethereum and BNB Smart Chain.
It also offers multi-chain staking across both platforms, boasting reward rates that exceed industry averages. In addition, PlayDoge is developing its own play-to-earn game, similar to the efforts of Floki, Notcoin, and Hamster Kombat. Its gameplay, reminiscent of classic Tamagotchi-style mechanics, is already generating excitement, allowing players to complete a series of classic 2D games to earn free PLAY tokens.
Unsurprisingly, PlayDoge is garnering substantial interest during its presale, raising over $6 million thus far. However, unlike Floki, it is a low-cap token, which experts believe could yield returns of up to 100x.
Visit PlayDoge Presale.
