Investors are constantly searching for the next major opportunity in the constantly growing cryptocurrency market. Bitcoin is attempting to bounce back following a drop to $61,000, which is significantly lower than its peak of $73,750.07. Despite previously setting a price target for Bitcoin at $90,000 in 2024, Bernstein has given the market hope. Ethereum price is experiencing a slow recovery and encountering obstacles at $3,550. With Bitcoins prevalence in the news, numerous smart investors are now focusing on altcoins to ride the wave of the next successful asset. This article will examine a selection of altcoins to buy under $1 that have demonstrated positive growth potential, specifically highlighting Book of MEME, ONDO, PEPE, FLOKI, Reserve Rights, 0x Protocol, Polymesh, and Shiba Inu.

Market Cap: $846.8 million

The new meme coin, Book of MEME is now priced at $0.01582, showing an impressive increase of 1583.97% in the last month. This increase led to a substantial increase in its market worth, which is presently valued at $846.8 million. Considerable investor interest has been drawn to the altcoin, as its impressive 24-hour trading volume reached $1.7 billion. The token is ranked 107th and has a circulating supply of $55.2 billion BOME.

Market Cap: $1 billion

Ondo has seen a significant surge of 117.22% in the last month, reaching a price of $0.723. The increase in worth has boosted its total market cap to $1 billion positioning it as 100th. It has a circulating supply of $1.39 billion ONDO, along with a trading volume of $333.2 million in the last 24 hours. ONDO is becoming more appealing to investors because of its affordable token price and its promising growth prospects.

Market Cap: $3.4 billion

In a month Pepe Coin price skyrocketed by 599.24% now standing at $0.000008131. This surge pushed its market capitalization to $3.42 billion with a trading volume of $966.1 billion in the past day. The sudden growth has made PEPE a favored option, for traders looking for opportunities despite the risks involved. It reports a circulating supply of 420.69 trillion PEPE and is ranked 41.

Market Cap: $2.26 billion

In the past month, FLOKI has achieved a remarkable increase of 605.32% while being valued at $0.0002364. This increase in worth has boosted its market value to $2.26 billion, positioning it as 56th in the market. It has a circulating supply of 9.56T FLOKI, along with a trading volume of $855.36 million in the past 24 hours. Investors are becoming more interested in FLOKI because of its affordable price and the possibility of high profits.

Market Cap: $430.27 million

Reserve Rights, which is currently trading at $0.008352, has shown an increase of 207.65% in the past month. This increase in worth has resulted in a total market cap of $430,274,274, along with a trading volume of $288.8 million in the past 24 hours. It holds the 184th position in the market and has a circulating supply of 100 billion RSR. The tokens remarkable expansion has established it as a lucrative investment choice in the cryptocurrency market.

Market Cap: $785.4 million

0x Protocols price has increased by 160.06% in the last month and is currently at $0.9268. As a result of this growth spurt, 0x Protocol now boasts a market cap of $785.4 million, with $579,200,041 in trading volume over just 24 hours. Ranking 116, the token has a circulating supply of 1 billion ZRX. What makes 0x Protocol particularly enticing for investors keen on decentralized finance (DeFi) is its strong emphasis on decentralized exchange infrastructure.

Market Cap: $349.760 million

Polymesh, which is currently valued at $0.3933, has experienced a notable increase of 126.83% in the past month. This increase resulted in a market capitalization of $349.760 million, accompanied by a 24-hour trading volume of $1 billion. The token has a circulating supply of 1 billion POLYX, holding the 231st position according to CoinMarketCap. Polymesh, a blockchain platform tailored for regulated assets, provides investors with the opportunity to shake up traditional financial markets.

Market Cap: $16.58 billion

The current price of Shiba Inu is $0.00002813, reflecting a remarkable increase of 192.55% during the last month. The increase has led to a market cap of $16.58 billion, paired with a trading volume of $1.34 billion in 24 hours. Holding the 11th position, the token has a circulating supply of 589.29 trillion SHIB. Due to its affordable token price and increasing market cap, SHIB offers an attractive chance for investors looking for sizable profits in the cryptocurrency industry.

In the vast landscape of cryptocurrency, there are plenty of opportunities for investors who put in the time to research and are open to taking calculated risks. Although these cryptocurrencies under $1 show exciting growth potential, it is necessary to conduct in-depth research and carefully consider any investment risks associated with them.

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Altcoins to Buy Today Under $1 with 100% Potentials - CoinGape

Last updated: March 22, 2024 11:12 EDT | 10 min read

The start of the year has seen cryptocurrency markets trending upwards, with both Bitcoin and altcoins providing profitable opportunities to investors. Despite Bitcoin hitting new highs, most new traders have been focused on altcoins to seek profits. As such, understanding the altcoin season concept has become increasingly important.

Altcoin season is the period within the market cycle when alternative cryptocurrencies, or altcoins, experience significant price surges and outperform Bitcoin in terms of value gained. This phenomenon often accompanies a surge in trading volume and overall market activity, driven by increased investor interest in exploring alternative investment opportunities beyond Bitcoin.

In this guide, we will break down the alt season, when it is expected to occur, and explore how to take advantage of it.

Altcoin season typically occurs when the prices of alternative cryptocurrencies soar significantly higher and outperform Bitcoin. Typically, a surge in market activity, trading volume, and overall bullish sentiment toward altcoins summarize the beginning of the altcoin season. It is important to note that altcoin season is not a fixed event and can vary in duration and intensity.

While altcoin season can offer investors lucrative profit opportunities, it does come with increased risks and market volatility. Should you hope to successfully navigate this cycle, you will need to fully understand the various dynamics of altcoin season, its triggers, and general indicators.

It is important to note that altcoin season and Bitcoin season represent two distinct phases in the cryptocurrency market cycle.

Firstly, Bitcoin season refers to periods when Bitcoins price experiences significant growth and dominance over altcoins. Bitcoin recently surged to a record high in March 2024 following the launch of several Bitcoin ETFs. The move saw Bitcoin almost double in value in just under two months, outperforming alternative cryptos in the process.

In contrast, altcoin season occurs when altcoins surpass Bitcoin in terms of price appreciation and market capitalization. While Bitcoin season is often associated with a more stable market environment, altcoin season is characterized by heightened volatility and trading activity.

Tokens like Solana and meme coins like Dogwifhat have seen substantial growth in recent months. However, the overall trading activity has been skewed toward Bitcoin as a result of the U.S. Securities and Exchange Commission approving several Exchange-Traded Funds products.

Previous altcoin seasons have witnessed remarkable surges in various altcoin prices, with some experiencing exponential growth within relatively short periods. Examples of notable altcoin seasons include the bull runs of 2017-2018 and 2020-2021.

These historical precedents serve as valuable reference points for understanding the dynamics of altcoin seasons and their potential impact on the cryptocurrency market. Lets take a look at them in more detail.

This altcoin season was spurred by a huge drop in Bitcoin dominance, going from 86.3% in late 2017 and then falling to a low of 38.69% at the start of 2018. During that period, the price of Bitcoin went from a then-record high above $20,000 to trading under $6,000 a few months later.

The surge in altcoins outperforming Bitcoin came as the initial coin offering (ICO) market was in full swing in 2017-2018. Many blockchain projects launched ICOs to raise funds by issuing their own tokens. These include EOS, which raised over $4 billion, making it one of the most successful presales in history. Tezos was another strong-performing altcoin during this period after raising $232 million for its ICO.

The altcoin season of 2020-2021 came during the coronavirus pandemic and as retail traders and crypto degens looked for investment opportunities outside of Bitcoin. This resulted in the birth of modern meme coins, with Dogecoin and Shiba Inu recording historic levels of growth.

Non-fungible tokens (NFTs) were also boosting the altcoin markets, helping to increase sentiment around the wider crypto and blockchain market. During this time, Bitcoin dominance plunged from 70% to 38%, while the market value held by altcoin doubled from 30% to 62%.

After seeing examples of previous cycles, you may be asking, When is the next altcoin season. Entering into a new altcoin season is an exciting prospect for cryptocurrency investors, as it often brings with it the potential for significant price gains.

However, identifying the onset of an altcoin season requires a strong understanding of market cycles and trends. Lets explore some key signs that may signal the beginning of a new altcoin season.

One of the primary indicators that signal the start of an altcoin season is a noticeable increase in altcoin dominance within the overall cryptocurrency market. Altcoin dominance refers to the collective market capitalization of all cryptocurrencies, excluding Bitcoin, expressed as a percentage of the total cryptocurrency market cap.

According to CoinGecko, Bitcoins market dominance stands at 50.15% of the total market capitalization. When altcoin dominance begins to rise, it suggests that crypto investors are increasingly allocating capital to alternative cryptocurrencies, indicating a potential shift in market sentiment towards altcoins and the beginning of altcoin season.

Another significant sign of the start of altcoin season is a surge in trading volumes across various altcoins. Increased trading volumes indicate heightened crypto market activity and investor interest in altcoins, leading to greater liquidity and price volatility.

By monitoring trading volumes you can gain valuable insights on sentiment in the market and the strength of an emerging altcoin season. The Tether (USDT) stablecoin usually has the highest trading volume due to it being used as an exchange currency, followed by Bitcoin and then Ethereum.

Some cryptocurrency analytics platforms offer specialized indices designed to track and measure the performance of altcoins relative to Bitcoin.

An altcoin season index aggregates data from the top 50 altcoins and analyzes their price movements to determine whether an altcoin season is underway. Investors can use these indices as a tool to gauge the overall health and momentum of the altcoin market, helping them make informed investment decisions.

Typically, when the altcoin index is at a reading of 75% and above, it is a sign that an altcoin season has started. Currently, it is at 69%, according to the Blockchain Center.

Finally, significant price breakouts and upward momentum in the prices of various altcoins are clear indicators of the onset of an altcoin season. As investors flock to altcoins in search of potential opportunities, prices may experience sharp and sustained increases, breaking through key resistance levels and forming new highs.

Solana is a good example of this and has recently broken out of its $200 resistance level. However, it remains below a record high at $260. Monitoring price breakouts like this and identifying potential bullish trends can serve as early indicators of an impending altcoin season.

Although there have been strong performances from several altcoins like Solana, WIF, and PEPE it doesnt appear that it is altcoin season so far. Firstly, Bitcoin continues to outperform the market and currently has over 50% of the current capitalization. As of writing, trading volumes in Bitcoin also stood at $54,711,018,502 in the last 24 hours, which is 37% of the market.

In addition to this, the altcoin season index currently stands at 69%, meaning that under half of all altcoins are outperforming Bitcoin. This means 6% of the top 50 altcoins will need to surpass Bitcoin for it to truly be altcoin season.

While some indicators may suggest the beginning of an altcoin season, crypto market conditions can quickly change, making it essential to exercise caution and conduct thorough research before making investment decisions. After strong gains in recent weeks, markets have already consolidated as traders begin to secure gains.

It is hard to predict the timing of the next altcoin season due to the unpredictable nature of the cryptocurrency market. Factors such as regulatory developments and macroeconomic trends can influence the timing and duration of altcoin seasons. However, the next altcoin season seems closer than ever.

One key factor that could be the trigger to the next altcoin season will be interest rate cuts by the U.S. Federal Reserve. As seen during the last altcoin season in 2021, markets surged as a result of lower interest rates, meaning investors deployed capital away from banks and looked for higher-return investments.

The Fed expects to cut rates up to three times this year, which could help trigger the start of altcoin season. So, for those asking, Is it altcoin season? keep a close eye on crypto market trends and stay informed about industry developments.

As the next altcoin season approaches, it is important to know how you can capitalize on potentially profitable opportunities. Lets explore some of these points to consider below.

Firstly, research is key when navigating and participating in the market during an altcoin season. Take your time and thoroughly analyze the fundamental and technical aspects of potential investments to find the best altcoins to buy.

Once you do so, you will also need to diversify. Exploring different altcoins can help spread risk and maximize potential returns and ensures not all of your eggs are in one basket. By conducting thorough research and diversifying your portfolio, your overall chances of success will greatly increase.

Another important point is timing. Consider using technical analysis tools like support and resistance, and relative strength index (RSI) to identify optimal entry and exit points for trades.

These can be good altcoin season indicators and will help you monitor price trends and crypto market sentiment before deciding to buy. Experienced investors use such tools to make informed investment decisions, like when to take profits. Setting clear entry and exit strategies can be vital in minimizing losses and maximizing gains during periods of heightened volatility.

Participating in presale events for new altcoins can offer early access to promising projects at discounted prices. Research upcoming initial coin offerings (ICOs) and presale opportunities to identify innovative projects with strong growth potential.

Investing in presale altcoins allows you to secure positions in projects before they gain widespread attention, potentially leading to substantial returns as the project develops and matures. Dogecoin20, Green Bitcoin, Smog, and Sponge V2 are examples of the best presales in the market.

While altcoin seasons present lucrative opportunities, it can also carry inherent risks that you should be mindful of:

Altcoins are known for their extreme volatility, with prices often experiencing rapid and unpredictable fluctuations. This volatility can lead to significant gains but also exposes investors to the risk of substantial losses. Its essential to exercise caution and employ risk management strategies to mitigate the impact of market volatility. This is where diversification can come in handy.

Some projects may be pump and dump schemes or rug pulls, so it is important to know how to avoid these. This is where prices are inflated by coordinated buying activity before being rapidly sold off, resulting in substantial losses for unsuspecting investors.

An example of this is EthereumMax, which used Kim Kardashian to help promote its brand prior to defrauding investors. Be wary of projects exhibiting suspicious price movements or overly aggressive marketing tactics.

FOMO (Fear of Missing Out) can lead investors to buy altcoins at overvalued prices during periods of market excitement. However, buying at inflated prices increases the risk of losses if prices subsequently correct, which is typically a 30-40% drop. You must stick to investment strategies that are based on thorough research and analysis.

Investors are gearing up for the next altcoin season, and with a 69% reading on the altcoin season index, it is clear why. Although it offers profit opportunities, investors should exercise caution, conduct thorough research, and be prepared to navigate the risks associated with volatile market conditions.

Stay informed with market trends and build sound investment strategies when the next cycle begins; you can potentially capitalize on the opportunities.

Although it is close, we are not quite yet in altcoin season. According to the altcoin season index, 75% of the top 50 altcoins need to be outperforming Bitcoin for the new cycle to begin.

Altcoin seasons can last anywhere from several weeks to several months. This depends on the market conditions at the time.

Q4 of 2023 was the last altcoin season, with $WIF, $PEPE, $SOL, and lesser-known altcoins making significant gains as markets responded to the optimism of the U.S. SEC approving crypto ETFs.

The altcoin season index is a metric used to assess the overall strength and activity of the altcoin market relative to Bitcoin.

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What is Altcoin Season and When is it Coming? - Cryptonews

Tectum is announcing the listing of its $TET token on the BingX exchange. The listing took place on March 20. This means users can now access the token on the exchange. The listing is a huge achievement for Tectum. It also reflects its goal of reaching more users.

Tectum has made remarkable moves in recent months. And all of these increase the value of its $TET token. $TET recently surpassed the $5 million trading mark following its listing on Gate.io. So, the listing on BingX will bring more exposure to the token.

The listing on BingX saw massive participation from the Tectum community. Users who participated in the event enjoyed a series of rewards. This includes a 10% cashback on their initial net deposit. Also, Tectum offered a 10% reward to those who deposited three TETs or more.

The Tectum team told us that listing on BingX was a strategic move. BingX is a crypto exchange thats pretty easy to use and suitable for beginners. It also provides a wide range of services, such as

BingXs simplicity and services make it a good exchange for users. Tectum noted that listing on BingX would aid its newer users. Most of these users are novices in cryptocurrency trading. BingX provides a less complicated environment for these users.

Some of our analysts place $TET as one of the tokens to watch out for in this bull run. $TET plays a huge role within the Tectum ecosystem. First, it serves as a support system for the entire ecosystem. It also gives holders priority access to their own nodes on the chain. $TET is also a secure payment system globally.

The $TET token also has some good investment options. Locking $TET on dedicated platforms provides huge returns once the lock phase is over. The token also supports yield farming. This way, holders can make extra profits from their tokens.

Thankfully, there are a couple of exchanges to access the $TET token. Heres a list of these platforms:

And besides more exchanges listing $TET, Tectum is breaking speed records of the number of transactions per second too

Earlier this year, $TET entered the top 200 by market cap. We can expect more remarkable feats from this token. The project has also been making several strategic partnerships. They had one with GetBlock. And another with Ator. All of these partnerships expand the networks influence and value.

Tectum is all about ensuring faster and more efficient transactions. Tectums native token isnt a speculative asset. It has real utility. So, it makes sense to keep tabs on Tectums $TET ahead of a major market run.

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Tectum Lists $TET on BingX - Cryptocurrency News - Altcoin Buzz

A popular analyst released a bullish forecast for Bitcoin and altcoin prices, predicting significant growth by the end of 2025.

Youtube channel Coin Bureau host Guy Turner expected Bitcoin and altcoins to surpass their current all-time highs, with Bitcoin potentially reaching close to $100,000.

"The fact of the matter is that BTC and altcoins will likely end the year much higher than their recent prices," said Turner. "This means new all-time highs for BTC that could be closer to $100,000 and all-time highs for most altcoins, not just meme coins."

At the time of writing, Bitcoin is trading around $64,800 levels, down about 3% over the past 24 hours.

Turner attributes his optimistic outlook to several factors.

First, he anticipated a period of greater political and geopolitical stability in the U.S. potentially extending to a wider global sphere.

Second, he believed that by 2025, most central banks will likely be reducing interest rates while simultaneously being authorized to hold cryptocurrency on their balance sheets.

In a departure from past market cycles, Turner suggested volatility will be a defining characteristic of this crypto cycle.

Also Read: EXCLUSIVE: Coinbase UK CEO Pinpoints Bitcoins Rise, Calls Coin A Viable Alternative For Millions In Benzinga Interview

"From our perspective, it seems more likely than not that the crypto market will surprise to the upside regardless of inflation adjustments," explained Turner.

He attributed this to the unprecedented ease with which institutional capital can now enter the cryptocurrency market.

"That's because this crypto market cycle is the first one where institutional capital can easily flow into the market," he said. "It will likely be the biggest one we've seen so far."

Turner warned investors to be prepared for an eventual downturn, emphasizing, "Just remember that a downturn will come eventually. And when it does, the outflows will be just as large."

Read Next: Indias Crypto Market In Limbo: Another Exchange Departs As Regulations Remain Unclear

Photo: Shutterstock

2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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Bitcoin, Altcoins Ready For Massive Gains, According To Analyst - TradingView