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Altseason 2024: What to Expect
Altseason 2024 is anticipated to be a significant event following the Bitcoin Halving. Many are speculating that the potential gains during this season could surpass those witnessed in 2021. Although it is challenging to provide an exact estimate currently, the excitement is fueled by the speculations drawn from the previous year.
In 2021, projects like SOL and MATIC saw an extraordinary 300x surge in their value. The community has taken notice of the impact of listings on major platforms such as Coinbase and Binance. The listing of a token on these platforms is considered a crucial factor that can drive its market capitalization and value.
CEX Listings: Catalyst or Obstacle?
Coinbase and Binance are undeniably the dominant players in the cryptocurrency exchange market, known for their massive liquidity pools and user base. Tokens that secure listings on these platforms gain access to a vast global audience, potentially leading to a significant increase in value, often ranging from 3 to 10 times. Moreover, the long-term benefits of enhanced liquidity can support the project’s development and sustainability.
The community is eagerly anticipating the next potential contenders following the success of SOL and MATIC. Currently, Solana’s SOL is priced at $184.96, while Polygon’s MATIC is trading at $0.9906.
Potential Top Performers in 2024
Eight tokens have been identified as potential candidates for substantial growth during Altseason 2024. These include NGL, ALPH, NORMIE, CPOOL, BALLZ, IXS, DEGEN, and NMT.
- NGL: Entablge’s NGL is currently valued at $1.96 with a market cap of $232 million, focusing on providing data for smart contracts.
- ALPH: Alephium’s ALPH is priced at $2.75, with a market cap of $203 million, addressing scalability and security challenges in dApps.
- NORMIE: Positioned as a meme token for new users, NORMIE is trading at $0.1237 with a market cap of $120 million.
- CPOOL: RWA token CPOOL has a market cap of $140 million, priced at $0.30, offering customized liquidity pools for institutional borrowers.
- BALLZ: A meme token inspired by a bold wolf, BALLZ is valued at $0.045 with a market cap of $45 million.
- IXS, DEGEN, NMT: These tokens represent different sectors – RWA, meme, and AI, with values ranging from $0.01696 to $6.96 per token and market caps between $140 million and $240 million.
Conclusion
While these tokens show promise, it is essential to conduct thorough research before investing. The community’s support played a crucial role in the success of SOL and MATIC, but not all tokens may experience the same fate. Consider factors like project roadmap, team authenticity, community engagement, and exchange listings before making investment decisions during Altseason 2024.
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