Altcoins
Altseason is here: three Altcoins with huge profit potential
TLDR:
- Several crypto analysts, including Santiment, have confirmed, based on historical trends, that a new season is approaching.
- Chainlink and Stacks are the top altcoins expected to see massive price increases this new season.
- The third altcoin, NuggetRush, although a new addition, is expected to generate up to 50x ROI.
The altseason will take place in 2024, and several leading analysts, including those at Santiment, have confirmed this trend. Mustache is the latest analyst to predict a major alternative, highlighting the similarity with the 2018-2021 pump. According to experts, the best altcoins to buy for major gains this season are Chainlink, Stacks and NuggetRush.
Historical pattern suggests massive breakout for Chainlink (LINK)
Chainlink (LINK) may not have been among the top altcoins of 2024, being down 8% year-to-date, but analysts are very bullish on this altcoin. According to Immortal, Chainlink is in a consolidation phase which will be followed by a massive rally. While LINK is currently in the $14.00 range, Chainlink is expected to reach a new ATH above $50.00 this season.
Another factor that establishes Chainlink’s position as one of the best altcoins to buy is the tokenization of real-world assets. As the leader in a potential multi-billion dollar market, analysts are generally optimistic about LINK’s long-term potential.
NuggetRush (NUGX) has what it takes to be the dark horse of this Altseason
Historically, each season produces a few altcoins that significantly outperform the rest of the cryptocurrency market. NuggetRush (NUGX) has been chosen as one of the altcoins to watch, as it has a strong foundation, solid backing, unique use case, and community support that could make it the dark horse of the 2024 altseason.
NuggetRush is a new DeFi project creating a new niche in the GameFi sector with its combination of P2E, artisanal mining, NFT staking and real-world impact. In the mining game, players can participate in mining competitions and activities to win valuable minerals and popular NFTs, which they can sell for real money on the NuggetRush marketplace.
On the social impact front, NuggetRush is expanding its commitment to sustainability using programs to encourage responsible mining practices and environmental awareness. This makes NUGX one of the best social tokens to buy and HODL this season.
Another cool feature of NuggetRush is NFT staking with up to 20% APY. However, this is possible for players who find one of the extremely rare RUSHGEM NFTs. The combination of these exciting features is why NUGX is ranked among the best altcoins to invest in, as it is expected to rise from $0.010 to $1.00 this season.
Stacks (STX) to ride the layer 2 boom on the Bitcoin network
Over the past few months, the development of Layer 2 projects and DApps has taken center stage on the Bitcoin network. Stacks (STX) is one of the best alternative coins positioned to benefit from this growth, as it is one of the first and largest L2 networks on Bitcoin.
As interest in Bitcoin DeFi increases, active Stacks accounts have recently increased to a new high. With this trend expected to continue through 2024, analysts are optimistic about Stacks’ future. While STX coin is currently trading around $2.10, a target of $5.00 has been set for Stacks this season.
Final Thoughts
The new season is here and a massive surge in the altcoin market is expected. Based on analyst predictions, investors looking to make big profits from the 2024 altseason should pay attention to promising altcoins like Chainlink, Stacks, and NuggetRush.