The crypto community has been discussing the potential altcoins that can make them “incredibly rich.” So what are the altcoins investors are tipping?
While the bear market has already lasted more than 500 days, the community is anticipating the start of a new bull market, especially with the Bitcoin halving around the corner.
Investors Discuss Their Favorite Altcoins
Members of the crypto community named the altcoins on which, in their opinion, they can make money. Popular investor Lark Davis polled his community members through an X (Twitter) post.
Click here to read our step-by-step guide on building a DeFi community.
Davis asked his followers to name altcoins that they believed could make them incredibly rich. Listed below are the coins that netizens paid attention to:
- DeFiChain (DFI) is a cryptocurrency of the blockchain platform of the same name, the task of which is to unlock the potential of decentralized finance (DeFi)
- Solana (SOL). CoinShares analysts concluded that SOL is the favorite altcoin of crypto investors. This is indicated by the volume of investments in Solana compared to other coins. However, back in July 2023, the most traded altcoin was Ripple (XRP). Interest in the cryptocurrency grew at the height of summer due to the backdrop of its issuer’s partial victory over the US Securities and Exchange Commission (SEC).
- Shiba Inu (SHIB) is a popular “dog” cryptocurrency. Large investors are paying attention to the altcoin.
Other options include Casper (CSPR), RocketX exchange (RVF), Verasity (VRA), Aleph Zero (AZERO), DarkCoin (DARK), Loopring (LRC), Internet Computer (ICP), XRP, Ethereum (ETH), Cardano (ADA), Chia (XCH) and Avalanche (AVAX).
According to crypto community members, after the Bitcoin (BTC) halving, the altcoin rally will occur in 2024-2025. Let us remember that an event, as history shows, triggers growth cycles.
The period when altcoins grow faster than Bitcoin is called alt season. Small capitalization compared to BTC make alternative coins less “heavy” and more “agile.” This situation allows altcoins to surpass Bitcoin in terms of growth rate.
Click here to read more about the investment strategies of the Bitcoin halving cycles.
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