- November 11, 2024
- Posted by: admin
- Category: BitCoin, Blockchain, Cryptocurrency, Investments
The post Which Crypto To Buy Now? Top Altcoins for the Upcoming Altseason appeared first on Coinpedia Fintech News
The maiden entrance of Bitcoin (BTC) into the price discovery phase of the 2024/2025 crypto bull run, has rejuvenated the altcoin market led by Ethereum (ETH), Dogecoin (DOGE), and Solana (SOL). The crypto market cap, excluding Bitcoin and Ethereum, has rebounded from a crucial support level to reach around $717 billion on Monday, November 11, during the mid-London session.
With Bitcoin dominance signaling a potential reversal in the near term, having reached a major psychological resistance level of around 60 percent, the parabolic phase of the much-anticipated altseason could kick start soon.
Moreover, the overwhelming support of pro-crypto US candidates, led by Donald Trump, amid the notable cash inflow to crypto investment products, has rejuvenated the ongoing crypto bullish outlook.
Top Altcoins to Buy Ahead
Memecoins: Floki (FLOKI)
Boom! $FLOKI following in the footsteps of $DOGE and $SHIB, as expected.
Just retested those September highs, looks ready for another push.
https://t.co/qCG3TJD78Q pic.twitter.com/ytiSUJq35V
— Jelle (@CryptoJelleNL) November 11, 2024
After Dogecoin (DOGE) price rallied over 85 percent last week, other meme coins have been following in the footsteps, led by Floki (FLOKI). The meme coin, with over 417k on-chain holders, surged over 44 percent last week, thus breaking out of a macro-falling wedge.
The mid-cap altcoin, with a fully diluted valuation of about $1.76 billion and daily average traded volume of about $1.4 billion, is on the cusp of entering the parabolic phase.
DeFi Space: PancakeSwap (CAKE)
The DeFi space remains the backbone of the mainstream adoption of digital assets, and experts believe the related altcoins will perform well in the coming months, especially after the anticipated regulatory clarity in the United States.
In this category, PancakeSwap (CAKE) is a small-cap altcoin, with a fully diluted valuation of about $769 million and a daily average traded volume of about $162 million.
Already listed on Binance, the PancakeSwap project has grown to a major DEX with over $1.27 billion in total value locked (TVL).
Layer One (L1): Filecoin (FIL)
The layer-one sector is an ecosystem for real-world assets (RWA) tokenization and DeFi development, which are expected to unlock trillions of dollars in the near term. In this category, Filecoin (FIL) has signaled a potential bullish breakout in the near term after being trapped in a macro-falling trend.
