After the shooting of former US President Trump, the recent Bitcoin market has been soaring. On July 15 , as of the time of writing, BTC has exceeded $ 63,000 and is now priced at $ 63,085 . Since the attack last weekend, BTC has risen by nearly 9% . Some people commented that " Trump's assassination killed the bear market and pulled back the bull market. " The rise of Bitcoin has also led to the recovery of other cryptocurrencies (Altcoin).
As the market gradually strengthens, many analysts and investors begin to predict the approach of the bull market and Altcoin season. In this context, choosing Altcoin with strong fundamentals, innovative technologies or unique application scenarios for investment has undoubtedly become the focus of many investors.
The cryptocurrency market has experienced significant volatility over the past month, with Altcoin prices retreating and regulators releasing negative announcements, making the first half of 2024 an eventful one. As the second half of the year begins, some Altcoin are showing signs of potential bullish performance in the coming months.
The following are Altcoin that deserve in-depth attention. They are considered potential investment targets now and in the future due to their respective advantages, and are expected to usher in a bullish rebound in the second half of 2024 .
ETH : Ethereum (ETH) has seen a 21.19% increase in price performance over the past month and has broken through multiple resistance levels. Year-to-date, ETH has grown by 54.68% , showing strong bullish potential. The U.S. SEC recently approved the listing of a spot ETH ETF , triggering a price increase that has allowed ETH to break through the $ 3,000 resistance level. Analysts predict that the ETH market price will reach $ 4,000 in 2024 .
TON : TON is the native token of the Open Network (TON) blockchain and has attracted market attention many times in the past two months. With the rapid development of the TON ecosystem this year, TON shows bullish potential in the future.
UNI : Despite the SEC lawsuit, Uniswap had a tough time in the first half of 2024 and set a new milestone this year, with UNI's annual price surge of 129.73% .
PEPE : The frog-themed meme coin PEPE has attracted widespread attention in the market in the past few months. The price of PEPE has risen sharply this year, regaining its position as the third largest meme coin in the cryptocurrency market.
LTC : Litecoin (LTC) has gained market attention due to a surge in on-chain activity. Despite the price drop over the past month, the number of transactions and wallet addresses have increased significantly.
MATIC : The native token of the Polygon blockchain, MATIC, performed mediocrely in the first half of the year, but the community recently announced a funding plan of up to 35 million MATIC , showing future potential.
SOL : Solana (SOL) has seen a 6.44% price increase over the past month and has received a lot of attention, especially with discussions surrounding an ETF .
FLOKI : As one of the famous meme coins, FLOKI's monthly price increase reached 45% and hit a record high. FLOKI 's native Name Service was recently launched, showing further upward pressure.
SHIB : As the second largest Meme coin, Shiba Inu (SHIB) has seen a significant increase of 117.36% in the past six months, despite a recent price drop. It has always attracted the attention of investors.
XRP : Ripple came under regulatory scrutiny in the first half of 2024 and launched its stablecoin "Ripple USD" ( RLUSD ) in April 2024 , attracting market attention.
The cryptocurrency market is expected to see several developments in the coming weeks and into the end of the year. Despite increased scrutiny from regulators, community members remain positive about cryptocurrencies becoming mainstream.
These Altcoin not only play an important role in promoting the cutting-edge development of blockchain technology, but may also show great growth potential in the upcoming market recovery. Whether it is due to the depth of their technological innovation, broad community support, or increased market acceptance, they are all choices that investors cannot miss when welcoming the Altcoin season.
