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In this ongoing bearish market sentiment, there are a few best altcoins that have the potential to soar 100% if a bull run begins. However, in the past few days, the overall cryptocurrency market has experienced a significant decline and these altcoins are now trading at a discounted price.
Best Altcoins for Next Bull Run
Based on the price action and technical analysis, the best altcoins for the next bull in 2024 are Solana ($SOL), Dogecoin ($DOGE), and Ripple’s native token $XRP.
Arthur Hayes Prediction for Altcoin Season
Recently, Arthur Hayes, the co-founder and former CEO of BitMEX published a report in which he stated that altcoin season will return once the Bitcoin ($BTC) and Ethereum ($ETH) the world’s top cryptocurrencies cross the $70,000 and $4,000 marks. Additionally, he added,
Solana will also climb over $250, but the crypto market-wide wealth effect of a Solana pump is nowhere near as potent as with Bitcoin and Ether, given the relative market caps.
Solana ($SOL) Price Prediction for 2024
According to expert expert technical analysis, $SOL is looking bullish as it trading above the 200 Exponential Moving Average (EMA) on a daily time frame. The price of $SOL above 200 EMA makes it one of the best altcoins to watch for the next bull run. Additionally, it is also moving in a tight range between $120 and $190.
At press time, $SOL is trading near the $145 level and there is a high possibility it could soar to the $190 level in the coming days. However, once $BTC and $ETH surpass the $70,000 and $4,000 marks, this could shift the overall market sentiment and help $SOL to hit its all-time high and cross the $260 mark.
Dogecoin ($DOGE) Price Prediction for 2024
Dogecoin ($DOGE) is the world’s biggest meme coin looks bullish and is trading at a discounted price. It has the potential to increase by 100% in the coming days. $DOGE has experienced a price drop of over 55% in the last three months and is currently trading above the 200 Exponential Moving Average (EMA) on a weekly time frame.
If market sentiment changes, there is a high possibility $DOGE could soar 100% or even more. Additionally, investors and whales are actively accumulating $DOGE following its significant recent price decline.
$XRP Price Prediction for 2024
The last altcoin that has the potential to double an investment is Ripple’s native token $XRP. According to expert technical analysis, $XRP has been consistently consolidating in a tight range. This ongoing consolidation has led to the formation of a bullish symmetrical triangle price action pattern on a weekly time frame, and $XRP is now there at a breakout area.
If $XRP gives a breakout of this triangle pattern and closes a weekly candle above the $0.66 level, there is a high possibility it could increase by 100% to reach the $1.35 level, in the coming days.