The cryptocurrency community has been discussing potential altcoins that could make you “incredibly rich.” So what are the tips for altcoin investors?
While the bear market has already lasted over 500 days, the community is predicting the start of a new bull market, especially with Bitcoin halving.
Investors Discuss Their Favorite Altcoins
Members of the cryptocurrency community have given names to altcoins that they believe can make them money. Popular investor Larq Davis opinion poll He introduces members of his community through X (Twitter) posts.
Click here to read our step-by-step guide to building a DeFi community.
Davis asked his followers to name altcoins that they believe could make them incredibly rich. The coins that netizens paid attention to are as follows.
- DeFiChain (DFI) is a cryptocurrency on the blockchain platform of the same name, whose mission is to unlock the potential of decentralized finance (DeFi).
- Solana (SOL). CoinShares analysts concluded that SOL is the most preferred altcoin among cryptocurrency investors. This is reflected in the size of investments in Solana compared to other coins. However, as of July 2023, the most traded altcoin was Ripple (XRP). Interest in cryptocurrencies reached a peak in the summer, thanks in part to the cryptocurrency issuer’s partial victory over the U.S. Securities and Exchange Commission (SEC).
- Shiba Inu (SHIB) is a popular “dog” cryptocurrency. Large investors are paying attention to altcoins.
Other options include Casper (CSPR), RocketX exchange (RVF), Verasity (VRA), Aleph Zero (AZERO), DarkCoin (DARK), Loopring (LRC), Internet Computer (ICP), XRP, Ethereum (ETH), and Cardano. ( ADA), Chia (XCH) and Avalanche (AVAX).
According to members of the cryptocurrency community, an altcoin rally will occur in 2024-2025 following the Bitcoin (BTC) halving. Let us remember that, as history shows, events trigger growth cycles.
The period in which altcoins grow faster than Bitcoin is called alt season. A smaller capitalization compared to BTC makes alternative coins less “heavy” and “nimble.” This situation could allow altcoins to surpass Bitcoin in terms of growth rate.
To learn more about investing strategies during the Bitcoin halving cycle, click here.
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