In recent months, the cryptocurrency landscape has been largely dominated by Bitcoin and a select few meme coins, leaving many altcoins struggling to gain traction and declining on their ALT/BTC pairs.
This trend of Bitcoin dominance, where Bitcoin holds a significant share of the total cryptocurrency market cap, has overshadowed altcoins, leading to a rather bleak performance for many of them, with some exceptions like Solana.
With Bitcoin now having set a new all-time high and the growing optimism in the crypto market following the US elections, altcoins could be on track for a recovery if BTC cools off here. In this guide, we have outlined our top 10 list of the best altcoins to buy right now and our predictions for Bitcoin’s next move.
Best Altcoins to Buy Right Now - Top 10 List
Here is the list of the top 10 best altcoins to buy right now.
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SUI - A unique, high-performance Layer 1 blockchain with notable transaction speeds
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Crypto All-Stars - World’s First-Ever Meme Vault
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XRP - An Open Source Blockchain
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Flockerz - Groundbreaking Vote-To-Earn Mem Coin
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Solana - Blockchain Built For Mass Adoption
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Ethereum - Second Largest Cryptocurrency By Market Capitalization
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FreeDum Fighters - Favorite Political Meme Coin
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Pepe Unchained - Pepe’s Own L2 Blockchain
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Toncoin - The Open Network
Best Altcoins to Buy if Bitcoin Dominance Top - Full Reviews
Here are the full reviews for each one of the best altcoins to buy if bitcoin dominance tops.
SUI - A Unique, High-Performance Layer 1 Blockchain With Notable Transaction Speeds
First on our list is SUI, perhaps the most trendy altcoin in the crypto market right now. SUI is a high-performance Layer 1 blockchain built for speed and scalability with a focus on enhancing the user experience. SUI is the native token of the Sui blockchain network - a permissionless smart contract platform that uses the Move programming language and its tokens can be used to govern the network, pay for gas fees, and participate in staking.
In recent months, SUI has grown quickly as a top choice for developers seeking high throughput and minimal latency, especially in DeFi and gaming applications. Its unique structure and optimized transaction flow have made it one of the most efficient blockchain platforms on the market.
As of writing, SUI is the 16th largest cryptocurrency worldwide, with a market capitalization of $6.45B.
This altcoin has made our list as one of the best altcoins to buy if bitcoin dominance tops due to SUI’s strategic positioning in the layer-1 ecosystem, where it competes with giants like Ethereum and Solana.
Its adoption rate is steadily rising, with an increase in DeFi and NFT projects launching on the platform, making it a perfect choice for investors looking to diversify their portfolios. At the time of writing, SUI is trading at $2.28, with a 220% 3-month gain and a YTD of 141%.
Crypto All-Stars - World’s First-Ever Meme Vault
Crypto All-Stars ($STARS) is an exciting new meme coin currently in presale, designed to create a unified staking platform called the MemeVault. In simple words, it is a meme coin with a focus on uniting fans of popular cryptocurrencies BONK, WIF, DOGE, PEPE, and TURBO, all in one place, creating a cross-community appeal. In addition, it offers staking options to its holders, allowing them to earn passive income by locking up their tokens. One of its standout features is that no matter which coin you choose to stake, you will earn rewards in $STARS tokens.
For those who already hold $STARS tokens, the rewards are even more appealing, as they will earn at three times the standard rate. This incentivizes early investment, making it a good choice to acquire $STARS tokens while they are still available at a discounted price during its presale phase.
Now, as a new entry in the meme coin market, Crypto All-Stars seeks to capitalize on the popularity of meme culture combined with tangible rewards for users. Since its launch, the presale has raised over $3 million, indicating strong confidence from investors. One $STARS is presently trading at $0.0015432, and analysts have high expectations for a price increase in the upcoming months.
For more detailed information about the project, you can visit their official site below and follow Crypto All-Stars on X and Telegram.
Ripple XRP - An Open Source Blockchain
Ripple, primarily known for its XRP token, is a prominent player in cross-border payments and financial transactions with large businesses and institutions. The XRP Ledger offers fast, cost-effective transactions, making XRP appealing to banks and financial institutions for remittance solutions.
Most importantly, XRP recently gained traction with institutional investors due to the growing interest in an XRP ETF, which, if approved, could be a major catalyst for adoption and price growth.
However, the XRP coin has been on a downward trend this year, losing around 22% since the beginning of the year, which could be a great opportunity for a long-term position.
Also, XRP recently secured a significant legal victory against the SEC, which had claimed that it was an unregistered security. For years, XRP faced challenges due to uncertainty regarding its classification as a security in the U.S. However, the recent court ruling has alleviated these concerns, paving the way for major banks to explore Ripple’s payment network using XRP.
What’s more, Ripple has partnered with notable institutions like Bank of America, PNC Bank, and Santander Bank, among others, and this increased interest in using XRP for international transactions could potentially lead to significant price growth.
All in all, Ripple’s XRP remains a significant player in cross-border payment solutions, and the ETF news may boost adoption and price stability. Its utility and reputation position it as one of the best altcoins to buy if Bitcoin dominance tops. Also, many crypto analysts have predicted that XRP will possibly see a 250% increase in value by 2025. One XRP is currently trading at $0.51163 per XRP/USD, and with its recent run and the boost it might get from Trump’s win, it could potentially hit the $1.00 mark by the end of 2024.
Flockerz - Groundbreaking Vote-To-Earn Mem Coin
Flockerz ($FLOCK) is a meme coin with a unique "Vote-to-Earn" model, allowing holders to actively participate in decision-making through a decentralized autonomous organization (DAO) called "Flocktopia."
By voting, users earn rewards, giving the community full control over the coin's direction. The good thing is that early participants can benefit from staking rewards during the presale, and the project plans to expand its utility in the future, including potential listings on exchanges.
One of the main attractions for $FLOCK holders is the potential for high earnings. The platform currently offers a high annual percentage yield (APY) of over 1300% for those who stake their tokens. This exceptional earning potential has contributed to Flockerz being included in our list as one of the best altcoins to buy if Bitcoin dominance tops.
Since launching its presale, Flockerz has raised over $1.2 million, and there are prospects for listings on major exchanges such as Coinbase. Not surprisingly, many analysts and crypto investors believe Flockerz has a high potential to rise in the near future.
$FLOCK is currently trading for $0.0059334 and can be purchased with crypto by connecting your wallet or through a debit or credit bank card. If you are interested in investing in Flockerz, you can refer to the project’s whitepaper, follow Flockerz on X, and visit the official presale page below.
Solana - Blockchain Built For Mass Adoption
Ranked as the 4th largest cryptocurrency in the market, Solana is another excellent choice for those who are looking to buy altcoins right now.
And there are quite a few reasons for that - Solana’s ultra-fast transaction speeds and low fees make it a natural fit for developers and users alike, especially for NFT and DeFi projects. Although it has seen mixed performance recently, it remains a top competitor in the Layer 1 space as Solana is a fast, low-cost blockchain known for its strong presence in DeFi and NFTs.
In terms of price performance, Solana has emerged as one of the most successful cryptocurrencies in the recent bull market, with its value increasing by 356% over the past year. Currently, Solana ranks as the fourth-largest cryptocurrency by market capitalization and still has a lot of potential for future growth.
One of the main attractions of Solana is its low transaction fees, which have greatly contributed to its adoption and overall usage. Another reason is that the interest from institutional investors is also on the rise, and while Solana may not rival Ethereum in terms of decentralized application (dApp) dominance, it remains one of the best cryptocurrencies to invest in today.
One $SOL is currently trading for $184 per SOL/USD, and the cryptocurrency has seen a 16.72% increase in the last month. Looking ahead, our price prediction suggests potential gains of over 120% by 2025.
Ethereum - Second Largest Cryptocurrency By Market Capitalization.
Ethereum is the second-largest cryptocurrency by market capitalization and is recognized as the most popular blockchain network for developing decentralized applications (dApps). Launched in 2015, Ethereum was the first platform to implement smart contracts, which revolutionized the way transactions and agreements could be automated on the blockchain.
Recently, ETH has shown weakness in price performance, raising speculation that it might be near the bottom. However, Ethereum’s upcoming network upgrades and continued role in DeFi and NFTs could drive future recovery. Ethereum’s role in Web3 remains important, powering countless applications and innovations. While prices have been volatile, it remains one of the best altcoins to buy if Bitcoin dominance tops.
Crucially, ETH prices spiked following Trump’s win, which could be another reason to invest in Ethereum.
Additionally, this year marked a major milestone with the approval of the first spot Ether exchange-traded funds (ETFs), which began trading on July 23, 2024. Following some initial net outflows, Ethereum ETFs have started to attract more capital inflows, particularly after the U.S. Federal Reserve reduced interest rates by 50 basis points in late September 2024.
Overall, Ethereum continues to be the go-to platform for developers, driving significant activity in various sectors of the crypto world, including new token offerings, play-to-earn games, and developments in decentralized finance (DeFi). This creates a flywheel effect: as the network grows, more developers are attracted, which in turn draws more users and increases demand for ETH, leading to a rise in its value. While Ethereum is currently valued at $2,62, some analysts have predicted that Ethereum could reach over $5,000 by 2025.
FreeDum Fighters - Favorite Political Meme Coin
FreeDum Fighters is a satirical meme coin with a playful narrative and an active online community. It taps into a unique niche, combining humor with a robust meme token community, and also appeals to crypto enthusiasts who appreciate both its lighter themes and its community-driven growth.
Technically, it is a humorous crypto project that draws inspiration from the U.S. presidential election, featuring two mechanized characters: MAGATRON and Kamacop 9000. This satirical initiative invites participants to engage in a playful political rivalry while allowing them to stake $DUM tokens, vote on project developments, and earn rewards.
With such a unique idea, it does not come as a surprise the FreeDum Fighters is currently gaining traction as one of the most interesting crypto presales to consider in 2024.
Throughout the presale, participants can take part in weekly debates, stake their tokens for potentially high returns, and even have the chance to receive secret airdrops. In a nutshell, it is the leading crypto platform in the PolitiFi sector.
To stay informed about the latest updates and developments, you can follow FreeDum Fighters on social media platforms like X and visit the presale page below.
Pepe Unchained - Pepe’s Own L2 Blockchain
Pepe Unchained ($PEPU) is emerging as the top new meme coin on the market, distinguished as the first PEPE token to operate on its own Layer2 chain. This innovative approach offers remarkable transaction speeds and enhanced security, making it an improved version of the original Pepe token. Additionally, the Layer2 chain significantly reduces gas fees, allowing users to maximize their profits from trades.
What sets $PEPU apart is its combination of meme culture with advanced blockchain technology. This unique proposition has attracted considerable investor interest, leading to over $1.2 million raised in its first week alone. As of now, the project has amassed more than $24.6 million during its presale, with excitement continuing to grow.
In short, Pepe Unchained’s layer2 technology provides faster transactions, lower gas fees, and a seamless trading experience, and investors can enjoy attractive annual percentage yields (APY) that go as high as 90%. With its innovative approach and strong community support, Pepe Unchained is positioning itself as a significant player in the meme coin space. For more details, you can visit Pepe Unchained’s presale page.
Toncoin - The Open Network
Toncoin is a token backed by Telegram that is aimed at providing secure and fast digital transactions within its ecosystem. It leverages Telegram’s massive user base and reputation, offering a seamless token experience within the chat platform. As more use cases develop, its price can push even higher, making it one of the best altcoins to buy if Bitcoin dominance tops.
TON is structured as a "blockchain of blockchains," using a sharding mechanism to enable fast, scalable, and low-cost transactions. This allows TON to process a large volume of transactions in parallel, positioning it well for various Web3 applications, especially as Telegram’s official blockchain infrastructure. As of writing, TON ranks as the 11th largest crypto in the market, with a market cap of $12.13B.
In recent developments, the TON Foundation has collaborated with prominent partners like Curve Finance and Alchemy Pay. These partnerships aim to enhance stablecoin trading and crypto payment functionality, strengthening TON's appeal within decentralized finance (DeFi) and peer-to-peer (P2P) payments. However, TON's price has experienced significant volatility, partly due to market conditions and external events involving Telegram's leadership, affecting investor sentiment.
One $TON is currently trading at $4.76, with a YoY return of around 107%. According to analysts, this altcoin could see a 200% increase by 2025, making it one of the best altcoins to buy if Bitcoin dominance tops.
What is Bitcoin Dominance?
Bitcoin dominance refers to Bitcoin’s share of the total cryptocurrency market capitalization. It is a metric that represents Bitcoin's share of the total cryptocurrency market capitalization, providing insights into market trends and investor sentiment.
When Bitcoin dominance is high, it indicates that a larger portion of the total crypto market value is concentrated in Bitcoin rather than in altcoins. This often occurs in periods of market uncertainty or when Bitcoin is seen as a safer investment relative to other digital assets, as investors may consolidate their portfolios around Bitcoin.
On the other hand, when Bitcoin dominance declines, it can suggest rising interest in altcoins as investors diversify into alternative projects, possibly seeking higher returns or exploring new technology trends in the crypto space, such as decentralized finance (DeFi) or NFTs.
Is Bitcoin About to Explode?
Many analysts believe Bitcoin is nearing a peak in dominance, which may open the door for an altcoin season. Bitcoin is currently experiencing a significant resurgence in market dominance, reaching 58%, which is its highest level in over two years.
As of this writing, there are several reasons why Bitcoin is expected to explode in the near future. Primarily, its halving event occurred around April 2024, at which the mining rewards dropped from 6.25 BTC to 3.125 BTC per block, starting to be priced in. Additionally, the results of the US elections could be another reason for Bitcoin’s positive price movement. Evidently, BTC has been trading at all-time levels since the announcement of Trump’s US presidential win.
With that, the current rise in dominance suggests that Bitcoin is gaining strength relative to the overall cryptocurrency market, which is notable given that its dominance had previously dipped significantly during the 2021 bull market. Several crypto analysts have also suggested that the Uptober trend that occurred in October will continue into November, a month that has historically been one of Bitcoin's best-performing periods.
Final Word - Is the Next Altcoin Season About to Begin?
In sum, with Bitcoin dominance near peak levels, market sentiment suggests we could see an altcoin season. Many in the market speculate that we may be on the verge of the next altcoin season, where altcoins significantly outperform Bitcoin. So, as long as Bitcoin’s dominance remains high, each altcoin listed here is poised to take advantage of any shift in market dynamics.
Disclaimer: This is a sponsored article and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
