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Polygon is one of the trending new altcoins with high potential. It is the first well-structured, easy-to-use platform for Ethereum scaling and infrastructure development. This technology intends to offer a multi-chain blockchain system that is compatible with Ethereum. It processes on-chain transactions using a proof-of-stake consensus method, similar to Ethereum. MATIC tokens are issued on a monthly basis. The current circulating supply of MATIC tokens is 4,877,830,774, with a maximum supply of 10,000,000,000 MATIC tokens.
The next sizzling hot altcoin season coin you can’t miss out on is Polkadot. It enables blockchains to exchange messages and conduct transactions without requiring a third party. It supports cross-chain data or asset transfers across blockchains and the development of decentralized apps on the Polkadot Network. The token’s circulating supply is 1.3 billion tokens out of a total supply of 1.4 billion tokens.
Chainlink is a revolutionary decentralized blockchain oracle network on the Ethereum platform. Its major goal is to seamlessly connect off-chain data sources with on-chain smart contracts, guaranteeing the safe and tamper-proof transfer of vital data. During the LINK initial coin offering (ICO) in September 2017, Chainlink declared a total and maximum supply of 1,000,000,000 LINK tokens. Currently, there are around 587,099,970 LINK tokens in circulation, accounting for approximately 45% of the entire supply.
Uniswap debuted as a pioneering decentralized finance (DeFi) application on the Ethereum network in November 2018. Its innovative approach to facilitating automated trading of decentralized finance (DeFi) tokens quickly garnered attention. Uniswap seeks to keep token trading automated and entirely available to anybody who owns tokens while increasing trading efficiency compared to traditional exchanges. The total supply of the Uniswap token, UNI, is 1 billion units. So, among all the new altcoin-season coins, keep an eye on Uniswap.
Binance Coin has always grabbed the limelight, and this altcoin season again, this coin may explode. Coming from the bucket of the biggest cryptocurrency exchange, Binance, the sky’s the limit for this coin. There is an initial maximum supply of 200,000,000 BNB coins, of which 153.86 million are currently in circulation. Binance conducts a quarterly BNB burnout with the objective of cutting the overall supply by half, or 100,00,000 BNB. With so much to offer, you definitely cannot miss out on this one from the list of our new altcoin season coins.
Like the Cosmos, which is wrapped in uncountable possibilities, the Cosmos cryptocurrency comes with an undefinable potential. In the rush of new altcoin-season coins, this token is shining. This project is geared towards solving the hardest problems in the blockchain world, leaving scope for its crazy growth. The platform brings an antidote to the slow, expensive, and highly unstable proof-of-work protocols in this space. Stepping into the space in 2014, it now has a total supply of 260,906,513.
Avalanche is a layer-one blockchain that stepped into the market as a formidable challenger to Ethereum. Offering uncompromised scalability and an amazing transaction throughput of up to 6,500 transactions per second, Avalanche is a strong contender for decentralized apps and specialized blockchain networks. Avalanche’s enhanced performance capabilities and capacity to resolve Ethereum’s scaling difficulties might draw a lot of interest and investment as the cryptocurrency market moves into the altcoin season. Its capacity to offer a strong foundation for decentralized apps accounts for its rapid growth potential. So, among all the new altcoin-season coins, this might make it a top pick for both investors and developers. Presently, the total supply of Avalanche coins is 720 million.
The craze of Injective is going to inject into the veins of investors, pushing this coin’s price to the skies this altcoin season. This finance-based blockchain technology has seen significant growth in the latest time, and more upsides are yet to come. It is a powerful, open, interoperable layer-one blockchain elevating the limits of the next-generation DeFi applications, including decentralized spot and derivatives exchanges, prediction markets, lending protocols, and more. The following is INJ’s tokenomics: As of March 2023, there are 88.4 million INJ tokens in circulation, out of a maximum supply of 80,00,555 INJ.
The native cryptocurrency of the Graph network, known as Graph tokens (GRT), powers its decentralized indexing technology. GRT tokens are an essential part of the Graph ecosystem and allow for a number of network functions, such as improving network security, rendering governance choices easier, and compensating node operators for indexing and querying data. GRT coins are expected to play a significant role in enabling data querying across several networks, including Ethereum, IPFS, and POA, with plans to expand to other networks in the future. At the mainnet launch, there will be a total of 10 billion GRT available, of which about 1,245,666,867 GRT will be in circulation initially.
Vechain is a robust enterprise-grade Layer 1 smart contract platform. This project caught the eyeballs of investors with its versatility and approach to blockchain technology. VeChain began as a private consortium chain in 2015 and has since partnered with businesses to investigate the revolutionary possibilities of blockchain applications. After launching the ERC-20 token VEN on the public blockchain in 2017, VeChain debuted its own mainnet in 2018 with the ticker VET. This token comes with a maximum fixed supply of 86,712,634,466.
What is Altcoin Season?
Altcoin Season is a carnival in the world of cryptocurrency. During this time, the attention of investors shifts from crypto tyrants like Bitcoin and Ethereum to alternative cryptocurrencies. This season brings a boom in the prices of altcoins as they outperform Bitcoin and Ethereum.
This phenomenon does not occur by chance; altcoin season is fueled by a variety of reasons, including fluctuating market sentiment, breakthrough technology breakthroughs, evolving regulatory environments, and rising industry trends. Investor excitement and speculation fuel the dance of supply and demand.
When will the Next Altcoin Season come?
The dates of the new altcoin season are still under wraps. But we are sure that the next season is going to roll out soon due to the fact that two major events in the crypto space are going to fuel fresh anticipation. Two big bombs are ready to drop: Bitcoin’s Block Halving is set to kick off on April 30, 2024, and Ethereum’s Dencun update is scheduled for March 13, 2024.
In the past, the halving of Bitcoin has led to market gains, which are then used to dig deeper into the altcoin ecosystem. Secondly, Ethereum’s rebranding means it will now be more efficient and scalable, bringing it a step closer to becoming the leading cryptocurrency. This may translate to quicker price discovery and huge gains for Ethereum coins. This juncture of many main events happening close to each other creates euphoria and speculation among the investors, exerting pressure on the market and the imminent rise of crypto activity, which may culminate in the next altcoin season.
How to Predict and Prepare Yourself for the Next Altcoin Season?
If you are a pro-investor, you must keep your arsenal ready for the upcoming altcoin season. Get ready with the trump cards and move first by checking out quick values, studying the past trend graph, and keeping keen eyes on the forthcoming events triggering the ever-increasing value of altcoins. Dive deeper into industry trends and technological development, discovering industries with exponential opportunities.
Use the approach of investing your money in blue-chip cryptocurrencies like Bitcoin or Ethereum and some of the new altcoin season coins. Create a disciplinary investing plan to fit into the real financial goals as well as potential profits. Develop an in-depth analysis through various accessible resources, including but not limited to blockchain analytics tools and project-specific data, to ensure wise investment decisions. The cream of the deal will be proper risk management.
