Altcoin Season Finally Coming? 4 Altcoins to Add to Your Watchlist Now

Speculation around altcoin season is at an all-time high, with crypto investors eagerly awaiting its arrival. But why all the buzz? What makes altcoin season so enticing, and what potential rewards could it bring? Read on to find out.

What is the Altcoin Season?

The Altcoin season, or alt season, is a period in the cryptocurrency market when altcoins — cryptocurrencies other than Bitcoin — tend to outperform Bitcoin in terms of price gains. During altcoin season, investors typically see higher returns on altcoins than on Bitcoin, and there’s often a significant shift in trading volume and attention toward these alternative digital assets.

Here’s what usually characterizes an altcoin season:

1. Increased Altcoin Market Share: Bitcoin’s dominance over the total crypto market cap decreases as more capital flows into altcoins.
2. High Altcoin Returns: Many altcoins, especially in sectors like DeFi and meme coins experience significant price increases, sometimes outpacing Bitcoin’s returns during the same period.
3. Renewed Interest in Smaller Projects: Altcoin season often brings renewed attention to smaller, innovative projects. It can be a time for tokens with unique features or niche markets (like meme coins or AI-driven DeFi platforms) to gain momentum.

Timing of altcoin seasons can vary, but they’re often linked to market cycles and investor sentiment.

Is the Altcoin Season Finally Coming?

According to the Altcoin Season Index the altcoin season has not come yet, as the index reading it low at 33.

The Altcoin Season Index tracks the performance of Bitcoin against other cryptocurrencies (altcoins) over a 90-day period. If 75% of the top 50 coins outperform Bitcoin during this timeframe, it’s considered an altcoin season. However, the timing of the next altcoin season is challenging to predict due to the unpredictable nature of the cryptocurrency market, influenced by factors like regulatory shifts and macroeconomic trends.

One potential catalyst for the next altcoin season could be the U.S. election. Major elections often bring policy shifts and economic changes, which can impact the financial markets, including cryptocurrencies. With the election approaching, there could be increased volatility and, potentially, a renewed interest in altcoins as investors seek assets that may benefit from new regulatory directions or economic strategies introduced by the incoming administration.

What Coins to Watch Before the Alt Season Starts?

It’s essential to keep an eye on specific coins before the start of altcoin season, as early positioning can allow investors to maximize potential gains when altcoin prices surge. By watching certain coins, traders can assess price trends, entry points, and news developments that may drive significant growth once altseason gains momentum. This analysis pinpoints four coins to watch: Dogen (DOGEN), Solana (SOL), XRP, and Cardano (ADA).

DOGEN: A Memecoin to Watch as the Alt Season Approaches

Imagine living a dream life — posh cars, fat stacks of cash, and women who turn heads. That’s the DOGEN lifestyle!

If you’re the kind of guy who’s always looking to level up, you need to check out DOGEN. This meme token is for the real alphas who always win.

Now, DOGEN’s flying under the radar but is primed to set new records in the coming altcoin season. Early adopters who get in now stand to benefit from the upside once DOGEN gains wider attention, especially if meme coin fever returns during the alt season.

DOGEN: The Meme Coin for High Rollers and Big Gains

DOGEN is a token for those aiming to live large and stack up serious returns. With a presale roadmap boasting up to 600% gains, DOGEN is quickly becoming one of the hottest meme tokens this altcoin season, primed for explosive growth as it taps into the thriving crypto meme culture.

Community-Powered, Value-Driven

Built on loyalty, exclusivity, and a drive for success, DOGEN’s community isn’t here for short-term hype. It’s a long-term project backed by a dedicated team focused on community strength and sustained value. With strategic campaigns and a multi-level referral program offering 7% rewards on every direct referral purchase, DOGEN rewards its early supporters, making it a token designed to empower its community and fuel lasting growth.

Got that DOGEN spirit? Good, ‘cause they’re holding an airdrop! All you gotta do is flex on social, stack tokens during the presale, and start building your DOGEN army with your referral link. For every recruit, you’ll be snatching a fat 20% of their Golden Points from token buys.

Grab some DOGEN and dominate the coming altcoin season! 🚀

Solana (SOL) Targets New Highs Amid Bullish Momentum

Solana’s current bullish momentum, trading between $153.50 and $174.52, is marked by solid gains over the past month and week, with the Relative Strength Index (RSI) nearing overbought levels at 64.62. Despite this, the trend remains strong, with prices trading above both the 10-day and 100-day Simple Moving Averages (SMA), suggesting the potential for continued upward movement. If SOL can break through resistance at $181, a target of $202 is within reach, signaling possible gains of 15%. Given Solana’s robust ecosystem and consistent price growth, it’s positioned well for altseason gains as it gains traction among developers and investors alike.

XRP Poised for Breakout as Bull Run Looms

XRP’s steady consolidation between $0.53 and $0.57 with an RSI of 55 indicates moderate bullish momentum. A push above $0.59 could see XRP rise to $0.63, offering a potential gain of over 10%. Positive MACD signals also suggest the potential for continued upward movement. XRP’s unique focus on cross-border payments and ongoing regulatory developments make it a high-interest token for the coming altseason, especially if the crypto market sees favorable conditions for tokens with real-world utility.

Cardano (ADA) Nears Support Levels: Potential 16% Rally Ahead

Currently trading near key support levels, Cardano has an RSI of 38.90 and a Stochastic of 28.89, signaling oversold conditions that could lead to a rebound. A break from its support level could trigger a 7% gain toward $0.389, with a potential rally to $0.42 for a 16% increase. Cardano’s network upgrades and continued focus on scalability and interoperability make it a top choice to watch as altseason nears, as traders anticipate a reversal from its recent declines.

Monitoring Solana, XRP, and Cardano before altseason can provide early entry points in anticipation of price momentum. These coins not only show technical readiness for growth but also bring distinct value to the crypto ecosystem, making them solid candidates for notable gains as the market shifts.

Conclusion

In conclusion, while Solana, XRP, and Cardano each present compelling growth opportunities with strong technical indicators, DOGEN stands out as a unique player in the altcoin landscape. With its rapid community growth, multi-level rewards program, and promising presale momentum, DOGEN embodies the high-reward potential that drives meme coin appeal. As altseason approaches, DOGEN’s combination of community-driven incentives and early positioning in the meme coin space offers a distinct advantage, potentially delivering outsized returns compared to more established coins. For investors seeking a high-risk, high-reward option with strong community backing, DOGEN could be a standout contender this season.

Site: https://dogen.meme/
Twitter: https://x.com/dogenmeme
Telegram: https://t.me/Dogen_Portal

This is a sponsored article. Opinions expressed are solely those of the sponsor and readers should conduct their own due diligence before taking any action based on information presented in this article.