12 Coins to Buy Ahead of the Next Altcoin Season (2024)

2. Sponge V2 – Great Crypto To Buy During The Next Alt Season With Over 500% Staking APY

Sponge V2 is the direct successor of Sponge V1, a popular meme coin that gained 100x from its presale prices. If the past is any indication of the future, with a strong community backing, Sponge V2 has the potential to repeat the success of Sponge V1. Those who already own $SPONGE tokens, can stake them to earn V2 tokens. Those who don’t, can visit the Sponge V2 website and connect their MetaMask wallet, or any Ethereum wallet, and use ETH or USDT to make the purchase. Stake your tokens to earn 500% annual percentage yield. Note, the yield will drop as more tokens are staked since they all earn the rewards from a single emission pool. However, the team has dedicated over 43% of the total token supply for staking emissions, according to the Sponge V2 whitepaper. This means that a high APY is likely to last longer. The Sponge V2 has a straightforward project roadmap. Currently, we’re in stage one where the staking is enabled. Stage two will see the token claim and listing on major exchanges. The play-to-earn racing game will arrive in stage three, which should bring utility to the token beyond being a meme coin. https://www.youtube.com/watch?v=e4QUlXJWuag Follow Sponge V2 on X and join the Sponge V2 Telegram channel to get the latest information about the project. You can also join the Sponge V2 Discord channel and engage with the developers and the community.

3. Bitcoin Minetrix – A New Token Presale That Offers A Greener Approach to Bitcoin Mining

($BTCMTX) is a promising coin to buy this altcoin season that offers an alternative to conventional Bitcoin mining. With its innovative “Stake-to-Mine” model, the platform aims to make Bitcoin mining more accessible, eco-friendly, and transparent. Bitcoin Minetrix launched with strong investor backing, raising over $450,000 in under 10 days. With a total supply of 4 billion $BTCMTX tokens, the project sets aside 42.5% for mining and 7.5% for staking. The ongoing presale starts with a token price of $0.011, set to rise to $0.0119 by its conclusion. Per the

, one of the platform’s standout features is its simplified approach to mining. Users stake the $BTCMTX token, an ERC-20 token, in exchange for non-tradable mining credits. As these credits are burned, users accrue BTC rewards. The entire process is streamlined with an integrated dashboard, offering users insights into potential earnings, hashing power, and mining credit statistics. This facilitates a seamless Bitcoin mining operation from a desktop or mobile device, eliminating the need for hardware setups. Traditional Bitcoin mining is dominated by centralized entities wielding high-cost, environmentally detrimental hardware rigs. In contrast, Bitcoin Minetrix uses cloud mining, aligning with increasing eco-awareness within the crypto space. This model reduces the environmental impact and positions Bitcoin Minetrix as an attractive choice for the eco-conscious crypto community.

A common concern in traditional cloud mining is the risk of scams through cash contracts. Bitcoin Minetrix’s Stake-to-Mine approach sidesteps this issue, granting users mining credits in exchange for their staked tokens. This mechanism improves platform security and shields users from potential fraud. Furthermore, users aren’t tied down; they can unstake their tokens and sell them based on prevailing market rates. You can follow the

or join its

for real-time updates.

4. Launchpad XYZ – Access Multiple Web3 Services with this New Altcoin

Launchpad XYZ is an ecosystem through which members can get access to multiple Web3 environments and features. By leveraging $LPX, the native token, Launchpad XYZ gives users entry to a decentralized exchange, Web3 wallet, and presale listings. This altcoin is currently available to buy on presale for just $0.0445 per token and has raised around $1.6 million so far.

But what can the $LPX token be used for in the ecosystem? Firstly, users can get various benefits if they stake a monthly average of 10,000 $LPX tokens. By doing so, one can receive a discount on fees and access to partner discounts. On Launchpad XYZ’s NFT decentralized exchange, users can also access discounts on trading and access hundreds of cryptocurrency pairs. Members can access limited perpetual contracts and get a discount on trader exchange fees by staking $LPX. Staking this token also gives one guaranteed access to presales. According to the Launchpad XYZ whitepaper, this ecosystem will host Web3 presales. The platform states that users can claim tokens directly through Launchpad XYZ, as the tokens are transferred to an individual’s Web3 wallets. Through Launchpad XYZ’s stand-alone Web3 wallet, users can swap tokens, interact with DApps (decentralized applications), and have self-custody of assets. To set up the wallet, users simply need to provide an email address or phone number. One of its main features is an alpha signals Telegram group that is already live and has made multiple 1,000% calls in recent weeks. On Launchpad XYZ, users can also curate their own NFT collection and purchase fractionalized assets with the $LPX token. Since the presale started, this project has raised over $300K. Join the Launchpad XYZ Telegram channel to learn more about the project.

5. Wall Street Memes – Exciting Meme Cryptocurrency has Raised Over $25 Million on Presale and Listed On OKX

The next investment to make ahead of the next altcoin season is Wall Street Memes ($WSM). Launched in 2019, the Wall Street Memes platform has generated a huge following of more than 1 million people. That has been reflected in a hugely popular presale – one of the best of the year – which has raised more than $25 million since launch. WSM got listed on OKX on September 26th after its presale success. Within four days of listing, the token’s value was 2x.

The creators of Wall Street Memes entered the blockchain space by releasing their own legacy NFT project, Wall St Bulls. The first NFT drop sold out 10,000 unique Ethereum-based NFTs in only 32 minutes. This led the creators to work on their next project, the $WSM token. The main goal of $WSM is to generate wealth for all token holders. $WSM will be a community token, as 100% of the supply will be distributed to the public. The token supply is set at only 2 billion, 1 billion of which has been allocated for the ongoing presale. Token holders can also stake $WSM to earn a passive income. At press time, the token is offering an APY (Annual Percentage Yield) of 61%. Due to the popularity of the presale and the staking returns, Wall Street Memes has the potential to soar ahead of the next altcoin season.

Wall Street Memes is also offering a $50,000 airdrop while its Twitter page has had Elon Musk interact with it on multiple occasions. The cryptocurrency is expected to be listed on major tier-one exchanges by September 2023. As other meme coins such as Pepe Coin and Floki Inu have managed to secure listings on Binance, Wall Street Memes could be the next major listing on a large crypto exchange.

6. yPredict – Presale Altcoin and AI-Powered Trading Terminal and Analytics Platform

$YPRED is the native token of yPredict, a cryptocurrency research and analytics platform. Those interested in getting detailed insights on some of the top crypto tokens can purchase monthly subscriptions on yPredict using the $YPRED token. The subscriptions give you access to a range of models on a financial marketplace, all of which have been created by top AI developers and financial quants. The models are only released to the general public after the yPredict DAO (Decentralized Autonomous Organization) verifies the data and information.

Through these models, users get access to sentiment analysis of various tokens, AI trading signals, and over 25+ charting patterns. All the data helps one to get an idea of the future trajectory of various cryptocurrencies. yPredict also supports individual growth and promotes learning through its Learn2Earn ecosystem. On this platform, one can take quizzes and tests to get a better grasp of the crypto markets. For every successful test, the platform will distribute a certain amount of tokens. To earn additional income, members can join a play-to-earn ecosystem where they can make directional bets, determining the future outlook of different digital currencies. The top performers are awarded with $YPRED. Finally, $YPRED can be leveraged to earn passive income. Allowing members to earn a potentially high APY (Annual Percentage Yield), yPredict will launch a staking pool. 10% of all new subscription funds and 15% of all swapping fees will be awarded to staked token members through the staking pool.

Those interested in extracting these use cases can purchase $YPRED through the ongoing presale. The altcoin is currently priced at just $0.10 per token but will rise to $0.12 by the final presale round – almost $4 million has now been raised. Stay tuned for the latest yPredict presale updates by joining the Telegram channel. You can also go through the yPredict whitepaper to get a more detailed understanding of the project.

7. Ethereum – Largest Altcoin by Market Cap With Smart Contracts

Ethereum is a well-known global software platform that uses blockchain technology to power various applications. This includes the verification and execution of smart contracts. There are also lots of P2E games built on Ethereum. Ethereum is also a popular option for developers who want to create open-source dApps. Ether tokens, or ETH, were introduced in 2015. This large-cap cryptocurrency has been one of the preferred options during many altcoin seasons.

Ethereum was a proof-of-work cryptocurrency with high fees and slow transaction times compared with others. The network’s algorithm has now been upgraded to 2.0. As such, ETH is now a proof-of-stake token. This allows it to be less energy intensive and means that 1,000 transactions can be completed in one second. Previously, in the same timeframe, only 15 transactions were processed. Ethereum is the biggest altcoin by market capitalization. As of the time of writing, ETH has a market capitalization of about $179 billion.

8. Binance Coin – Digital Currency Fueling the World’s Biggest Crypto Exchange

Binance Coin, or BNB, is the native cryptocurrency of the Binance exchange. Binance should need little introduction as it is the largest exchange in the world by trading volume. BNB is the native currency of the exchange and it was originally created utilizing the ERC-20 token standard. BNB now operates on its own blockchain network – the Binance Chain. BNB is a popular option for investors during the altcoin season. A maximum of 200 million BNB tokens were created by Binance. However, this is a deflationary cryptocurrency as Binance regularly burns BNB tokens from the circulating supply. Its main purpose is to support exchange operations while allowing traders to use the token for transaction fees on the platform.

BNB can also be used to invest in a range of other markets such as equities, as well as to pay for products and services (where accepted as a form of payment). According to CoinMarketCap, BNB is the fourth largest crypto asset by market capitalization. At the time of writing, the market capitalization of Binance Coin is over $51 billion.

9. Dogecoin – Original Meme Token With Strong Online Community

Thanks to a huge community of online supporters, including famous faces such as Elon Musk, Dogecoin is a popular investment during the altcoin season. DOGE became the first-ever meme token when it was released in 2013. However, it wasn’t until the short squeeze of stocks like Gamestop and AMC in late 2020/early 2021 that Dogecoin really gained mainstream attention. Online retail investors rallied together to buy DOGE, turning it from a bit of a joke, into a top ten crypto asset. Dogecoin skyrocketed, going from a market capitalization of $1.3 billion to $16.5 billion between January and May 2021.

The value of DOGE tokens increased by thousands of percent, creating huge gains for those who cashed out at the right time. DOGE has no real use cases and there is no cap on its supply. However, it still has a sizable and loyal following on social media platforms such as Reddit and Twitter. Dogecoin is among the top ten crypto assets by market capitalization. This stands at over $13 billion at the time of writing.

10. Polkadot – Innovative Web3 Software Project on the Blockchain

Those looking to invest now for altcoin season 2024 should consider Polkadot. DOT powers an ecosystem whereby creators can develop blockchains and much more. The name comes from the network’s ability to connect the dots, allowing blockchains to communicate with one another. These specialized blockchains are referred to as parachains. Polkadot’s development is future-proof and community-driven. Network updates are planned on-chain, implemented independently, and without forking the network.

In recent news, the company behind Polkadot, Web3 Foundation, has engaged with the SEC to make DOT a software product rather than a security. The DOT token’s price increased, suggesting that it had positively reacted to the most recent announcement. DOT started November 2022 with a market capitalization of just over $7 billion. Within a week it increased to a valuation of $8.5 billion.

11. Cardano – Third-Generation Proof of Stake Blockchain Platform

The native coin of the Cardano blockchain, ADA, is employed to support P2P transactions. Cardano is an open-source blockchain that uses the Ouroboros proof-of-stake model. Scalability, adherence to rules, voter fraud, and interoperability are just some of the issues the Cardano seeks to address. The peer-reviewed technology used by the network gives it legitimacy and a technical edge over competitors, making it hugely popular in the run-up to the crypto alt season.

Moreover, Cardano is thought to be one of the pioneers of the proof-of-stake mechanism mentioned earlier. This means fast transactions, low fees, and enhanced security. Cardano’s market capitalization at the time of writing is almost $14 billion.

12. XRP – Underlying Currency of Payment Processing Network Ripple

A well-known digital payment network and protocol built on the blockchain called Ripple has its own currency, XRP. This is one to watch for the next altcoin season. Similar to the SWIFT system for international money and security transfers, the primary purpose of Ripple is payment settlements.

On the Ripple network, transactions are settled in a matter of seconds, and the platform can handle nearly 1,500 transfers per second. This is clearly preferable to traditional financial institutions, which may need days to complete a wire transfer. The market capitalization of XRP is over $22 billion at the time of writing.

What is an Altcoin Season?

Those who invest in cryptocurrencies are typically interested in the idea of ‘timing the market’ for the best gains. This entails identifying patterns and trends to guide their entry and departure points when placing an order. Like with equities, investors have declared different ‘seasons’ in the crypto markets. See below:

• Better-known seasons include crypto winter and summer
• Winter brings market-wide prolonged depressed prices for digital currencies
• Meanwhile, DeFi Summer was coined in 2020, with reference to a surge in the popularity of decentralized finance projects

So what exactly is a crypto altcoin season?

• Altcoins are digital currencies outside of Bitcoin
• This season refers to a shorter period of time when altcoins are on an upward trajectory
• This does not include stablecoins such as USDT, BUSD, or PAX, or those pegged to physical assets

Once investors identify the start of an altcoin season, they begin to buy Bitcoin alternatives. The overarching goal is to find altcoins likely to blow up. In some cases they outperform Bitcoin. On the other hand, it gives investors the chance to enter and make gains from the crypto market without forking out thousands of dollars on a single BTC token.

Is it Alt Season Now?

According to the altcoin season index provided by BlockchainCenter, the time has not arrived just yet. To clarify, the index is based on the performance of altcoins in comparison to Bitcoin.

In a nutshell:

• If 75% or more of crypto assets have performed better than Bitcoin, it is officially crypto alt season
• At the time of writing, only 43% of altcoins have outperformed BTC tokens

As such, this presents early investors with an opportunity to build their portfolio before the next alt season.

Will There be Another Altcoin Season?

It is inevitable that there will be another altcoin season. As with stock trading and other markets, altcoin prices tend to move in cycles.

Investors can be all but sure that at some point, altcoin season will begin. When the market seems to be bullish for Bitcoin, this is usually a sign that an altcoin season is on the horizon.

This is because investors who might not have the funds for a BTC token opt for more affordable cryptocurrencies for fear of missing out. That said, outside influences can always affect the crypto market, so investors will need to conduct thorough research. On a side note: some investors consider trading signals for tips if they don’t understand how to read technical indicators and charts.

When is the Next Altcoin Season?

As we touched on, the next altcoin season will likely be triggered by a Bitcoin pump. That said, an accurate date of when the next altcoin season begins is unknown. The cryptocurrency markets are highly volatile and unpredictable for the most part. That said, as well as checking an alt season index, investors can also look at charts that illustrate Bitcoin’s dominance themselves. Bitcoin’s overall market capitalization is relative to the rest of the crypto market, and this is one of the best tools for identifying an altcoin season.

Consider that at the time of writing, TradingView’s Bitcoin Dominance Index illustrates 40.1%. This indicates that 40.1% of the market capitalization of all cryptocurrencies is held by Bitcoin. To put this into perspective, Bitcoin’s market dominance was over 70% at the end of 2020. As such, investors might identify an upcoming altcoin season by spotting a significant, long-lasting decline in Bitcoin’s market dominance over a period of weeks or months. Another way to identify a potential altcoin season is large-scale hype like that seen in 2020/2021.

Should You Invest Before Altcoin Season?

It’s common for investors to start entering positions before altcoin season, although many place orders during too. One of the hardest parts about trading crypto assets is timing the markets. That is to say, unless the crypto asset is bought and sold at the right time, the investor can make a loss when they close their position.

• Investors can look for blockchain trends on various social media sites and exchanges to try and identify the next alt season
• For example, this might include an increased interest in analytics platforms, cryptos that can be swapped for carbon credits, or P2E projects like Calvaria
• As we said, another signal of a potential altcoin season is when Bitcoin is in the midst of a bull run
• At this time, the price of large-cap altcoins tends to increase as well

There is no right or wrong answer to the question of ‘should I invest before altcoin season?’. Investors should consider their own interests and goals. It’s also important to create a realistic budget and consider diversifying a portfolio to try and mitigate risk. Another option is to find the best crypto VC firms, such as Block Media Labs, and research their portfolios to see which crypto projects they deem promising and profitable.

Conclusion

Today, we’ve reviewed the top trending cryptos to buy ahead of the next altcoin season. This includes a range of established and presale Bitcoin alternatives that many believe are a worthy addition to any portfolio. For instance, Smog comes with a staking APY of 42% and has surged by over 4,700% ahead of a highly-anticipated airdrop.

FAQs

Will there be an altcoin season in 2024?

It’s hard to say whether there will be an altcoin season in 2024. Some market commentators think an alt season is around the corner. That said, investors should make their own decision based on metrics like Bitcoin market dominance charts, and altcoin index data. When 75% of altcoins have outperformed BTC, the alt season begins for most investors.

What is meant by altcoin season?

An altcoin season is what investors call a period of time whereby altcoins experience a short-term bull run. This is usually down to a Bitcoin rally which leads to FOMO, causing smaller investors to buy upcoming or cheaper altcoins. Altcoin season can also be kickstarted by a meme rally or another sharp increase in interest.

What altcoins should I buy in 2024?

Some of the best altcoins to buy in 2024 are Smog ($SMOG), Sponge V2 ($SPONGEV2), Bitcoin Minetrix ($BTCMTX), Wall Street Memes ($WSM), Launchpad XYZ ($LPX) and yPredict ($YPRED).