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Bitcoin is leading the bullish crypto market, surpassing $61,000 for the first time since November 2021. With Bitcoin on the verge of reaching a new all-time high, many leading crypto analysts believe this is season for altcoins.
Michaël van de Poppe is one of the most famous names who declared 2024 as a subseason for the crypto market. Other crypto analysts echoed the same sentiments, with Cyclop saying, “We are on the verge of the biggest altseason in history.”
However, choosing among thousands of altcoins can be a challenging process, especially for new investors. A surefire way to invest in the best altcoins is to follow reports and analysis from experienced traders.
This sponsored article examines the analysis of some of the leading names in the cryptocurrency space chosen by the sponsored content sender and conveys their predictable preferences for the 2024 alt season.
New Project: KangaMoon
Over the past few weeks, KangaMoon (KANG) has reportedly been researched by leading crypto analysts, according to the sponsored content poster. In the 2024 subseason, many leading analysts are talking about KangaMoon’s earnings possibility if it can succeed.
“KangaMoon is reshaping the future of the meme coin market” is claimed to be a common theme followed by many bullish predictions. However, the project is new and its future is uncertain, so do your detailed research before taking any action.
This new project is based on an innovative social-fi idea that pays KangaMoon members based on how active and involved they are in the network. Numerous daily, weekly and monthly challenges available on the network increase the enthusiasm around this new altcoin.
The project is the new home of the meme community, supporting predictions of a major possible increase in KANG. KangaMoon is claimed to have increased its price by 50% to $0.0075, but its future is uncertain.
Michaël van de Poppe: Chainlink and Arbitrum
Michaël van de Poppe not only predicted the start of an alt season, but also shared his picks for the best altcoins to hold in 2024.
In an analysis video, van de Poppe predicted a 2x price increase for LINK. He also added that “it could be bull and boom and perhaps a renewed summer of DeFi.”
Michaël van de Poppe correctly predicted that the Arbitrum price would rise above $1.5. Although ARB has already met that forecast, the analyst said, “If another momentum occurs, it could go to $3.50 or $5.”
Ali Martinez: VeChain
According to veteran chartist and market analyst Ali Martinez, VeChain has the most explosive potential in the 2024 bull market. Martinez explained that VET has broken above a multi-year resistance, setting it up for big gains in 2024.
The cost of VeChain has increased by almost 90% in the last month. Still, Martinez thinks VeChain has an even more promising future.
Martinez: “A bull run to $0.70 by November!” He announced that he was waiting. Martinez puts this into perspective by speculating that the altcoin price could rise up to 14x by 2024.
Mitesh Shah: Ethereum
While Ethereum, the second-largest cryptocurrency, is seen by many as the obvious choice, fundamentals suggest that the top altcoin is poised for a major price rally.
Ethereum will experience the much-anticipated Dencun upgrade in March. In the following months, the top altcoin spot ETF is expected to receive approval.
If Bitcoin’s post-ETF performance is repeated, one can easily understand why Motesh Shah chose it as one of the top altcoins.
The head of Omnia Markets expects the Ethereum price to rise up to $5,000 in 2024. Shah predicts that the altcoin price will reach peaks of $10,000 in 2025, gaining more than 300% from its current range.
Cyclops: Injective
Injective (INJ) has shown what it can do to the crypto market in 2023 with an increase of more than 2,700%. Despite its past exploits, Cyclop, one of the top crypto analysts, has picked Injective as one of his top altcoins for this current season.
Following an impressive 27x year, he believes Cyclop could post up to 50x earnings in Injective’s 2024 subseason.
JD and Oliver Michel: Ripple
Ripple (XRP) may not have had an impressive performance over the last few years due to its legal battle with the SEC, but several crypto analysts believe that the altcoin is likely to be the most impressive performer in 2024.
JD is one of these experts and highlighted that XRP broke out of a 6-year bearish pattern. Ripple is now “finally ready to make LIFE-CHANGING gains!” JD has set a price target of over $3 for XRP.
Interestingly, JD is not alone, as Oliver Michel, founder and CEO of VC firm Tokentus Investment AG, has also made bold predictions about XRP. Michel is even more bullish, predicting that Ripple could trade between $5-$10, citing it as one of the top altcoins to watch.
Dan Gambardello: Cardano
Cardano is one of the top altcoins in the eyes of many analysts for the 2024 alt season. However, despite being one of the top altcoins, ADA has struggled to maintain its bullish trend, failing to maintain the $1 mark for almost two years.
“Cardano will not stay below $1 for much longer.” Dan Gambardello took notes.
According to Gambardello, there is minimal resistance for Cardano to form a new Once High in the 2024 subseasonal. From its current range, creating an ATH would represent a price increase of almost 400%. If this prediction holds true, Cardano could be one of the top altcoins.
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*This article is not investment advice! This is sponsored (advertising) content. Cryptocurrency investments are high-risk investments and there is a risk of investment loss. Do your detailed research before investing!
