Back to all

altseason-coming
Crypto

Alt Season Coming? 7 Promising Altcoins to Consider before 2024

<p><strong>Altseason</strong><span style="font-weight: 400;">, a period of heightened altcoin activity, is a phenomenon that crypto enthusiasts eagerly anticipate. The term is often used to describe a period when altcoins outperform </span><a href="https://bitcoin.org/en/"><span style="font-weight: 400;">Bitcoin</span></a><span style="font-weight: 400;">, the flagship cryptocurrency. While no one can predict with certainty when the next altseason will arrive, there are signs that it could be imminent. Are you as bullish on this as we are?</span></p> <p> </p> <p><span style="font-weight: 400;"><picture><source srcset="https://wizardia.io/images/blog/thumb/ggg-5704.webp 576w, https://wizardia.io/images/blog/inner/ggg-5704.webp " type="image/webp"></source><source srcset="https://wizardia.io/images/blog/thumb/ggg-5704.jpeg 576w, https://wizardia.io/images/blog/inner/ggg-5704.jpeg " type="image/jpg"></source><img srcset="https://wizardia.io/images/blog/thumb/ggg-5704.jpeg 576w, https://wizardia.io/images/blog/inner/ggg-5704.jpeg " alt="" loading="lazy" width="1024" height="1024"></picture></span></p> <p> </p> <p><span style="font-weight: 400;">Did you see </span><a href="https://wizardia.io/blog/bitcoin_hits_42k"><span style="font-weight: 400;">BTC hit 42k</span></a><span style="font-weight: 400;"> last week?</span></p> <p> </p> <h2 id="recent-trends-suggesting-an-impending-altseason">Recent Trends Suggesting an Impending Altseason</h2> <p><span style="font-weight: 400;">One of the most notable trends is the increasing dominance of altcoins in the cryptocurrency market. According to </span><a href="https://coinmarketcap.com/"><span style="font-weight: 400;">CoinMarketCap</span></a><span style="font-weight: 400;">, altcoins accounted for 53% of the total market capitalization as of December 12, 2023, up from 42% in January 2023. This suggests that a broader base of investors is diversifying their portfolios into altcoins, which could fuel an altseason.</span></p> <p> </p> <p><span style="font-weight: 400;">Another positive sign is the growing popularity of decentralized finance (DeFi) and non-fungible tokens (NFTs). Both of these sectors have experienced significant growth in 2023, and many altcoins play a crucial role in their ecosystems. As DeFi and NFTs continue to expand, demand for altcoins is likely to increase.</span></p> <p><br><br></p> <h2 id="particularly-promising-altcoins-to-watch">Particularly Promising Altcoins to Watch</h2> <p><span style="font-weight: 400;">Several altcoins have demonstrated exceptional performance and promising growth potential in recent months. Prices and information in this article are based on CoinMarketCap on December 12, 2023, at roughly 11am EEST:</span></p> <p> </p> <p><a href="https://wizardia.io/"><strong>Wizardia (WZRD)</strong></a><strong>:</strong><span style="font-weight: 400;"> WZRD is a promising Play-to-Earn online role-playing strategy game with a strong track record of development, a growing community, and an upcoming Android release. Its innovative gameplay mechanics, real-valued economy, and high-quality graphics make it a strong candidate for success, and it could be a good altcoin to watch in the coming months. The game is also expected to launch a marketing phase soon, and there are plans for further investment rounds in the future. These factors could drive demand for the WZRD token and lead to significant price growth.</span></p> <p> </p> <p><a href="https://www.gate.io/trade/WZRD_USDT"><span style="font-weight: 400;">WZRD</span></a><span style="font-weight: 400;"> is currently trading at around $0.005939. The coin has been relatively volatile in recent months, but it has shown promising growth potential and an increase of 278.18% in the past month.</span></p> <p><br><picture><source srcset="https://wizardia.io/images/blog/thumb/wzrd-645.webp 576w, https://wizardia.io/images/blog/inner/wzrd-645.webp " type="image/webp"></source><source srcset="https://wizardia.io/images/blog/thumb/wzrd-645.jpg 576w, https://wizardia.io/images/blog/inner/wzrd-645.jpg " type="image/jpg"></source><img srcset="https://wizardia.io/images/blog/thumb/wzrd-645.jpg 576w, https://wizardia.io/images/blog/inner/wzrd-645.jpg " alt="" loading="lazy" width="1600" height="900"></picture></p> <p> </p> <p><a href="https://solana.com/"><strong>Solana (SOL):</strong></a><strong> </strong><span style="font-weight: 400;">Solana has made headlines for surpassing Ethereum in NFT sales in November/December 2023. Its fast transaction speeds, low fees, and strong developer community make it a strong contender for the future of DeFi and NFTs.</span></p> <p> </p> <p><span style="font-weight: 400;">Solana is currently trading at around $70.57. The coin has been relatively stable in recent months, but it has the potential to appreciate further due to its strong fundamentals, low fees and operability.</span></p> <p> </p> <p><a href="https://cardano.org/"><strong>Cardano (ADA)</strong></a><strong>:</strong><span style="font-weight: 400;"> Cardano is a well-established altcoin with a strong focus on sustainability and scalability. Its recent launch of smart contract functionality on its mainnet could open up new avenues for adoption and innovation.</span></p> <p> </p> <p><span style="font-weight: 400;">Cardano is currently trading at around $0.58. The coin has been relatively volatile in recent months, but it has the potential to grow in the long term.</span></p> <p> </p> <p><a href="https://ripple.com/"><strong>Ripple (XRP)</strong></a><strong>: </strong><span style="font-weight: 400;">Ripple has established itself as a leader in cross-border payments, and its partnership with hundreds of financial institutions worldwide is a testament to its potential. Ripple has recently won a key legal victory against the U.S. Securities and Exchange Commission (SEC), which could pave the way for further adoption of XRP.</span></p> <p> </p> <p><span style="font-weight: 400;">Ripple is currently trading at around $0.62. The coin could see renewed interest as institutions increasingly adopt blockchain-based solutions for cross-border payments and as it continues building it's XRP army and winning legal cases.</span></p> <p> </p> <p><a href="https://polkadot.network/"><strong>Polkadot (DOT):</strong><span style="font-weight: 400;"> </span></a><span style="font-weight: 400;">Polkadot is a cross-chain platform that aims to connect different blockchains. This could revolutionize the way cryptocurrencies interact with each other. Polkadot has a strong team and a well-defined roadmap, which makes it an attractive investment for those who believe in the future of blockchain interoperability.</span></p> <p> </p> <p><span style="font-weight: 400;">Polkadot is currently trading at around $7.10. The coin has been relatively volatile in recent months, but it has the potential to appreciate further as the adoption of cross-chain solutions grows.</span></p> <p> </p> <p><a href="https://www.avax.network/"><strong>Avalanche (AVAX)</strong></a><strong>:</strong><span style="font-weight: 400;"> Avalanche is another high-performance blockchain platform that is similar to Solana. It has a number of advantages, including a unique consensus mechanism that allows it to achieve high transaction speeds while maintaining decentralization. Avalanche is also supported by a strong community of developers and investors.</span></p> <p> </p> <p><span style="font-weight: 400;">Avalanche is currently trading at around $40.70. The coin has been relatively stable in recent months, but it could see increased demand as investors seek out alternatives to Ethereum.</span></p> <p> </p> <p><strong><a href="https://www.polygon.com/">Polygon (MATIC):</a></strong><span style="font-weight: 400;"><strong> </strong>Polygon is a Layer-2 scaling solution for Ethereum. This means that it can help to reduce the congestion and high fees on Ethereum by processing transactions off-chain. Polygon has a number of partnerships with major companies, such as Visa and Mastercard, which could lead to increased adoption and demand for the </span>MATIC token.</p> <p> </p> <p><span style="font-weight: 400;">Polygon is currently trading at around $0.86. The coin has been relatively volatile in recent months, but it has the potential to grow in the long term as adoption of Ethereum scaling solutions increases.</span></p> <p> </p> <p><span style="font-weight: 400;"><picture><source srcset="https://wizardia.io/images/blog/thumb/screenshot-2023-12-12-at-124806-9531.webp 576w, https://wizardia.io/images/blog/inner/screenshot-2023-12-12-at-124806-9531.webp " type="image/webp"></source><source srcset="https://wizardia.io/images/blog/thumb/screenshot-2023-12-12-at-124806-9531.jpg 576w, https://wizardia.io/images/blog/inner/screenshot-2023-12-12-at-124806-9531.jpg " type="image/jpg"></source><img srcset="https://wizardia.io/images/blog/thumb/screenshot-2023-12-12-at-124806-9531.jpg 576w, https://wizardia.io/images/blog/inner/screenshot-2023-12-12-at-124806-9531.jpg " alt="" loading="lazy" width="900" height="895"></picture></span></p> <p> </p> <p><span style="font-weight: 400;">A new </span><a href="https://wizardia.io/blog/cz_steps_down"><span style="font-weight: 400;">Wizardia weekly news</span></a><span style="font-weight: 400;"> is coming soon - did you see the last one?</span></p> <p> </p> <h2 id="risks-and-considerations">Risks and Considerations</h2> <p><span style="font-weight: 400;">While altseasons can present significant opportunities for profit, it's important to approach them with caution. Cryptocurrencies are inherently volatile and risky, and past performance is not necessarily indicative of future results. Conduct thorough research, diversify your portfolio, and only invest money you can afford to lose.</span></p> <p> </p> <h2 id="conclusion">Conclusion</h2> <p><span style="font-weight: 400;">The cryptocurrency market is constantly evolving, and the potential for another altseason is always present. While no one can predict with absolute certainty when the next altseason will arrive, the current trends and the performance of several promising altcoins suggest that it could be on the horizon.</span></p> <p><span style="font-weight: 400;">How does this article compare to our recent </span><a href="https://wizardia.io/blog/crypto_market_update_november"><span style="font-weight: 400;">market update</span></a><span style="font-weight: 400;"> from November 16?</span></p> <p><br><br></p> <p><span style="font-weight: 400;">*Please note that this article is for informational purposes only and should not be considered financial advice. The cryptocurrency market is highly volatile and investments in cryptocurrencies are risky. Please do your own research before making any investment decisions. We are not accountable for your decisions.*</span></p> <p> </p>

5 min read
Dec 12, 2023
Ryan Turnbull
Read this article

Altseason, a period of heightened altcoin activity, is a phenomenon that crypto enthusiasts eagerly anticipate. The term is often used to describe a period when altcoins outperform Bitcoin, the flagship cryptocurrency. While no one can predict with certainty when the next altseason will arrive, there are signs that it could be imminent. Are you as bullish on this as we are?

 

 

Did you see BTC hit 42k last week?

 

One of the most notable trends is the increasing dominance of altcoins in the cryptocurrency market. According to CoinMarketCap, altcoins accounted for 53% of the total market capitalization as of December 12, 2023, up from 42% in January 2023. This suggests that a broader base of investors is diversifying their portfolios into altcoins, which could fuel an altseason.

 

Another positive sign is the growing popularity of decentralized finance (DeFi) and non-fungible tokens (NFTs). Both of these sectors have experienced significant growth in 2023, and many altcoins play a crucial role in their ecosystems. As DeFi and NFTs continue to expand, demand for altcoins is likely to increase.



Particularly Promising Altcoins to Watch

Several altcoins have demonstrated exceptional performance and promising growth potential in recent months. Prices and information in this article are based on CoinMarketCap on December 12, 2023, at roughly 11am EEST:

 

Wizardia (WZRD):  WZRD is a promising Play-to-Earn online role-playing strategy game with a strong track record of development, a growing community, and an upcoming Android release. Its innovative gameplay mechanics, real-valued economy, and high-quality graphics make it a strong candidate for success, and it could be a good altcoin to watch in the coming months. The game is also expected to launch a marketing phase soon, and there are plans for further investment rounds in the future. These factors could drive demand for the WZRD token and lead to significant price growth.

 

WZRD is currently trading at around $0.005939. The coin has been relatively volatile in recent months, but it has shown promising growth potential and an increase of 278.18% in the past month.


 

Solana (SOL): Solana has made headlines for surpassing Ethereum in NFT sales in November/December 2023. Its fast transaction speeds, low fees, and strong developer community make it a strong contender for the future of DeFi and NFTs.

 

Solana is currently trading at around $70.57. The coin has been relatively stable in recent months, but it has the potential to appreciate further due to its strong fundamentals, low fees and operability.

 

Cardano (ADA): Cardano is a well-established altcoin with a strong focus on sustainability and scalability. Its recent launch of smart contract functionality on its mainnet could open up new avenues for adoption and innovation.

 

Cardano is currently trading at around $0.58. The coin has been relatively volatile in recent months, but it has the potential to grow in the long term.

 

Ripple (XRP): Ripple has established itself as a leader in cross-border payments, and its partnership with hundreds of financial institutions worldwide is a testament to its potential. Ripple has recently won a key legal victory against the U.S. Securities and Exchange Commission (SEC), which could pave the way for further adoption of XRP.

 

Ripple is currently trading at around $0.62. The coin could see renewed interest as institutions increasingly adopt blockchain-based solutions for cross-border payments and as it continues building it’s XRP army and winning legal cases.

 

Polkadot (DOT): Polkadot is a cross-chain platform that aims to connect different blockchains. This could revolutionize the way cryptocurrencies interact with each other. Polkadot has a strong team and a well-defined roadmap, which makes it an attractive investment for those who believe in the future of blockchain interoperability.

 

Polkadot is currently trading at around $7.10. The coin has been relatively volatile in recent months, but it has the potential to appreciate further as the adoption of cross-chain solutions grows.

 

Avalanche (AVAX): Avalanche is another high-performance blockchain platform that is similar to Solana. It has a number of advantages, including a unique consensus mechanism that allows it to achieve high transaction speeds while maintaining decentralization. Avalanche is also supported by a strong community of developers and investors.

 

Avalanche is currently trading at around $40.70. The coin has been relatively stable in recent months, but it could see increased demand as investors seek out alternatives to Ethereum.

 

Polygon (MATIC): Polygon is a Layer-2 scaling solution for Ethereum. This means that it can help to reduce the congestion and high fees on Ethereum by processing transactions off-chain. Polygon has a number of partnerships with major companies, such as Visa and Mastercard, which could lead to increased adoption and demand for the MATIC token.

 

Polygon is currently trading at around $0.86. The coin has been relatively volatile in recent months, but it has the potential to grow in the long term as adoption of Ethereum scaling solutions increases.

 

 

A new Wizardia weekly news is coming soon - did you see the last one?

 

Risks and Considerations

While altseasons can present significant opportunities for profit, it’s important to approach them with caution. Cryptocurrencies are inherently volatile and risky, and past performance is not necessarily indicative of future results. Conduct thorough research, diversify your portfolio, and only invest money you can afford to lose.

 

Conclusion

The cryptocurrency market is constantly evolving, and the potential for another altseason is always present. While no one can predict with absolute certainty when the next altseason will arrive, the current trends and the performance of several promising altcoins suggest that it could be on the horizon.

How does this article compare to our recent market update from November 16?



*Please note that this article is for informational purposes only and should not be considered financial advice. The cryptocurrency market is highly volatile and investments in cryptocurrencies are risky. Please do your own research before making any investment decisions. We are not accountable for your decisions.*

 

Ryan Turnbull

Ryan Turnbull

Introducing Ryan Turnbull, a passionate Australian Chief Vibe Officer at Wizardia. Among many things, Ryan builds Wizardia’s community, creates captivating live streams, forms partnerships with other web3 projects, and produces engaging video and blog content. With his expertise, Ryan introduces crypto gaming to both masters and beginners, fostering a vibrant, exciting and supportive environment.

JOIN OUR COMMUNITY

Discord
49,344
Twitter
119,546
Telegram
13,090
TikTok
154,300
Email
206,033

Avoid scam, check official Wizardia links

MY CART

Your cart is currently empty