Top 5 Altcoins to Consider as Bitcoin Dominance Approaches Cycle Peak
The upcoming cryptocurrency bull market is expected to be predominantly driven by altcoins. Analysts suggest that Bitcoin’s current price is still far from its peak, with some predicting it could soar to $150,000 by early 2025. However, they anticipate that Bitcoin’s dominance in the market is likely nearing its zenith and may begin to decline in the months ahead, setting the stage for a surge in altcoin activity. At present, Bitcoin Dominance (BTC.D) is at 57.3%, marking its highest level in four years.
**Bitcoin Dominance Cycle Peak Appears Near**
“Alts will take the lead from this point onward.”
— K A L E O (@CryptoKaleo)
August 8, 2024
### Top 5 Altcoins to Consider
For the past few years, Bitcoin has been on an upward trajectory, consistently outperforming Ethereum and other altcoins. However, this trend might shift soon. The recent dip in the crypto market has turned out to be fortuitous for investors who have been waiting on the sidelines. Numerous promising altcoins seem to have reached their local lows and are now primed for the next upward movement.
With the Federal Reserve preparing to cut interest rates in September, it’s likely that capital will start flowing towards large-cap and mid-cap altcoins, while smaller, emerging projects like new meme coins also hold significant potential.
Here are five altcoins worth considering before the next crypto bull run commences.
#### 1. **XRP (XRP)**
XRP tops our list of altcoins to acquire before September. Ripple has achieved a significant win against the U.S. Securities and Exchange Commission (SEC), with Judge Analisa Torres imposing a fine of only $125 million for its alleged illegal institutional sales, a stark contrast to the SEC’s initial demand of $1.9 billion.
This ruling may signal the end of the long-standing Ripple versus SEC litigation, which has faced substantial criticism for its anti-crypto stance. Former President Donald Trump has even pledged to dismiss SEC Chairman Gary Gensler if re-elected. Consequently, an SEC appeal against Judge Torres’ July 2023 decision seems improbable.
With the lawsuit behind it, XRP’s price could potentially surge toward its all-time high, suggesting a growth of nearly six times from its current position.
Since the ruling, XRP has appreciated nearly 24%, trading at $0.62. A breakthrough above the $0.66 resistance could set the stage for a climb to $1 by September.
#### 2. **Pepe (PEPE)**
Pepe remains a compelling altcoin choice for the impending bull run. Investing in the Pepe coin is not solely based on its fundamentals; there’s also a palpable excitement surrounding Ethereum. Following the introduction of spot ETH ETFs, analysts believe Ethereum could reach $10,000 in this cycle, offering new investors the potential for fourfold returns.
Alternatively, investors might consider Pepe, which has been trading as a leveraged version of ETH. Experts predict that this meme coin could achieve a market cap of $50 billion in the coming months, translating into nearly 16 times returns for new buyers.
After the recent market downturn, Pepe’s price has dropped to $0.0000082, over 50% below its all-time high, creating an opportune moment for investors to buy the dip.
#### 3. **Pepe Unchained (PEPU)**
Pepe Unchained is the first new meme coin to make our list of top altcoins. The demand for frog-themed tokens is exceedingly high, as demonstrated by the explosive growth of coins like PeiPei, PLONKE, and PepeFork. Early investors in these frog meme coins have reaped substantial profits, and there’s no sign that this trend will reverse.
Savvy investors believe that Pepe Unchained could be the next meme coin to experience significant growth. Its presale success, having raised an impressive $7.6 million in just a few weeks, indicates strong interest.
In a unique approach, PEPU plans to launch a native Layer-2 blockchain to attract retail investments, addressing high trading costs on the Ethereum blockchain while offering lucrative staking rewards. Experts predict that Pepe Unchained could achieve remarkable adoption post-launch, potentially providing early investors with 100 times their initial investment.
#### 4. **Floki (FLOKI)**
Similar to Pepe, Floki has emerged as a viable bet on both Ethereum and BNB. As a multi-chain meme coin, it is available as both ERC-20 and BEP-20 tokens. Floki differentiates itself with high-utility offerings, including FlokiFi Locker, staking options, and its play-to-earn game, Valhalla.
Recently, Floki has also introduced its own trading bot, further enhancing its appeal. Thus, it’s no surprise that analysts continue to endorse Floki as one of the top altcoins to consider before the next bull market.
Currently, Floki trades at $0.00012, approximately 63% below its all-time high, presenting an excellent entry point for interested investors. Some experts predict Floki could reach a market cap of $20 billion in this cycle, potentially yielding nearly 17 times returns for new buyers.
#### 5. **PlayDoge (PLAY)**
PlayDoge is our final recommendation for altcoins to invest in ahead of the next bull run. This coin has caught the attention of savvy investors due to its notable similarities with Floki. Like Floki, PlayDoge operates across multiple chains, being available on both Ethereum and BNB Smart Chain.
PlayDoge also features multi-chain staking with reward rates that significantly exceed the industry average. Additionally, it is set to launch its own play-to-earn game, generating excitement thanks to its Tamagotchi-inspired gameplay and appealing rewards. Players can engage in a series of classic 2D games reminiscent of 8-bit side-scrollers and earn free PLAY tokens.
Unsurprisingly, PlayDoge has garnered substantial interest during its presale, raising over $6 million. Unlike Floki, however, it is a lower-cap token, which experts believe could deliver up to 100 times returns.
Visit the PlayDoge Presale for more details.