As the cryptocurrency market prepares for a new year, investors are looking for projects that promise them new hopes. At this point, popular analyst Lark Davis shares his top 5 altcoin selections for the expected bull market. Davis identifies BEAM, JOE, LINK, DOT and ILV as his top picks.
JOE, BEAM and DOT have recorded significant price increases over the past 30 days.
cryptokoin.comAs you follow from , the market has had a good year compared to 2022. Moreover, as the year comes to an end, market players are quite hopeful for 2024. Therefore, the search for altcoin projects with potential continues at full speed. Popular crypto analyst Lark Davis has listed his top five altcoin picks for the expected 2024 bull market. Davis mentions BEAM, JOE, LINK, DOT, and ILV as tokens he is bullish on heading into the new year. Davis emphasizes that tokens have the potential to see upward swings based on a number of catalytic drivers.
First on the list is JOE (JOE)
JOE is one of the tokens that benefited from the bullish momentum of the broader crypto market in December. According to CoinMarketCap data, the token has increased its price by 77.18% in the last 30 days. Additionally, the token, which is native to decentralized exchange platform Trader Joe’s, has increased by 8.37% in the last seven days.
Beam (BEAM) also enters the altcoin list
BEAM is the native crypto asset for the gaming network Beam network. Over the past 30 days, the token has gained a whopping 105.93%. However, over the last seven days the token has seen its momentum stall with a decline of 6.87%. According to data from CoinMarketCap, the token is currently changing hands at $0.01862 each.
The analyst does not forget Chainlink (LINK) either
The analyst suggests that several catalysts will increase LINK’s upward momentum. Davis specifically points to Chainlink’s CCIP upgrade, which is expected to bring in institutional investors and transform the DeFi space. Despite the boom in the altcoin market, LINK’s price increased marginally by 1%. However, the token made more significant gains in November and October. Meanwhile, on the annual chart, LINK is up 148%.
Another top altcoin Polkadot (DOT) is on the list
Data from CoinMarketCap shows that DOT is one of the altcoins that participated in the rally in the crypto market this December. During this period, the token increased its price by 66.6%. Currently, DOT is trading at $8.81 each. The current price represents a decrease of 2.77% over the last 24 hours.
Last ranked altcoin: Illuvium (ILV)
ILV is an ERC-20 token used for various purposes in the Illuvium gaming ecosystem. According to Davis, the token could benefit from increased activity at Illuvium as new games are released and gain prominence. According to the latest data, the token was trading at $103, showing a decline of 0.372% in the last 24 hours.
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