Best Cryptocurrencies to Buy for the Upcoming Altcoin Season

The post Best Cryptocurrencies to Buy for the Upcoming Altcoin Season appeared first on Coinpedia Fintech News

The crypto market is at the foot of a long-awaited altcoin season, marking a timely opportunity to add altcoins to your portfolio. 

According to the Altcoin Season Index, altcoins have started to outperform Bitcoin this month. This is an indication that the next parabolic altcoin rally is approaching.

As such, let’s explore the best projects to buy now.

Flockerz

Flockerz is a new meme coin that revolutionizes blockchain governance. Right now, it’s undergoing a presale, offering investors a chance to participate from the start. 

The presale is causing a huge buzz and has just crossed the $360K total raised mark.

But what’s all the fuss about? Picture this: a meme coin where you get paid to vote on every decision about its future.

This even includes handling the project’s treasury fund, which accounts for 25% of its total token supply. $FLOCK holders can decide where and how this is spent. This opens the project to a world of new opportunities, and the everyday investor is in the driver’s seat.

Flockerz investors can stake their tokens amid the presale to compound their holdings. The staking mechanism is live and offers a 6,359% APY, but this will decrease over time.

Meanwhile, the $FLOCK presale price will gradually increase, incentivizing early adopters.

Sui

Remember the Altcoin Season Index we mentioned? Well, one project has been lifting up the market against Bitcoin, and that’s Sui.

Sui has been on fire recently. It has exploded by 144% in the past month, making it the 19th most valuable cryptocurrency.

The project is a layer 1 blockchain that markets itself as having a first-in-class user experience.

Its website leads with: “Sui delivers the benefits of Web3 with the ease of Web2.”

The website also explains that using apps on Sui is as easy as logging into Web2 apps with login credentials.

Sui is highly scalable, claiming a throughput of 297,000 transactions per second.

The project strongly focuses on gaming and NFTs and is even launching a gaming device called SuiPlay0X1 soon.

Ultimately, it’s a next-generation blockchain, laying the groundwork for a frictionless and vibrant ecosystem.

Pepe Unchained

Pepe Unchained is another next-gen blockchain. However, while Sui focuses on gaming and NFTs, Pepe Unchained is built to serve meme coins.

And here’s something else: it’s currently undergoing a presale. While Sui is worth $5 billion, Pepe Unchained has raised $17 million so far – so the upside could be huge.

Another benefit to Pepe Unchained is that it’s an Ethereum layer 2 blockchain.

This means it’s built on top of Ethereum, and users can seamlessly connect to it using their Ethereum wallet.

Once it launches, the ‘Pepe Chain’ will be 100x faster and much cheaper than Ethereum. It will also include features like a block explorer, a dedicated Ethereum bridge, a decentralized exchange, and staking.

The team is in talks with tier-1 exchanges for upcoming listings. They also recently announced a developer grant program, which will stimulate ecosystem growth by paying people to launch apps and tokens on its network.

The Pepe Unchained presale price is $0.00991, but this will rise in one day.

Bittensor

Make no mistake: the AI coin sector is primed for huge gains amid the forthcoming altcoin season. And right now, Bittensor is the AI coin showing the most strength.

The upcoming altcoin season will be the first one since ChatGPT took the world by storm.

As such, a lot of liquidity will likely find its way to the AI coin sector in the coming months.

The AI trend continues to captivate attention and make headlines. Yesterday, ChatGPT’s founding company, OpenAI, received $6.6 billion in funding and is now worth $157 billion.

This is good news for AI coins, especially Bittensor, which is a market lead.

Bittensor is a distributed network that enables the training and hosting of AI models via its “subnets.”

These are specialized network components that can be suited to serve a specific function. Think of them similar to Ethereum layer 2s.

And the exciting part is that it only takes one Bittensor subnet to gain mass adoption, and the price of TAO would explode.

Crypto All-Stars

Crypto All-Stars is an innovative meme coin staking app that lets users generate passive rewards on assets like Dogecoin, Pepe, Shiba Inu, Floki, Mog Coin, Bonk, and more.

In bullish market periods, meme coins often prove the best investments. For example, CoinGecko data reports that the meme coin narrative was the best-performing in crypto’s last bullish period, Q1 2024, with a whopping 1,313% gain.

And here’s where it gets interesting: in the same way that Bittensor is an infrastructure play over its subnets, Crypto All-Stars is an infrastructure play on meme coins it supports.

Think of $STARS like a diversified bet over the meme coin sector.

Users must hold $STARS to access the platform, and their rewards will be tied to how much they have. All the top meme coin communities will now be bidding on the same token.

Investors can also stake their $STARS tokens for more rewards.

The project is currently undergoing a presale.

Investors can buy Crypto All-Stars for $0.0014769, but this price will rise throughout the campaign.

Flare

The crypto market is red today, but Flare has pushed ahead regardless. It’s a data-driven project that provides developers with secure, decentralized access to high-integrity data from other chains and the Internet.

Flare is an Ethereum Virtual Machine (EVM) based project that offers decentralized data feeds to dApps.

This model is crucial for the long-term development of crypto.

A big issue with the crypto industry is data fragmentation. Blockchains are largely separate from each other, and sharing data, which can include liquidity, is challenging and often unsecured.

This is illustrated by research from data from Chainalysis, which says crypto bridge hacks account for 70% of industry exploits.

A secure and decentralized means of cross-chain communication is needed, and that’s what Flare offers. 

Another benefit of Flare is speed. Data transferring between blockchains can be slow, but Flare provides high speeds, suitable for mission-critical DeFi apps such as lending and borrowing, perpetual and options trading, etc.