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Altcoin season is a blanket term used to describe a period of time when investors flock to buy cryptocurrencies other than Bitcoin. Timing is everything, so this guide sheds some light on the top cryptocurrencies to buy ahead of the next altcoin season.
We analyze a range of different altcoin projects for ultimate diversification – which includes presales, those that are new on the scene, and long-existing crypto assets.
Top Coins to Add to Buy Before the Next Altcoin Season
Below is a quick-view list of the top tokens to consider investing in before the next altcoin season begins.
- Wall Street Memes – This new meme cryptocurrency has raised more than $25 million during its presale and is heading for a potentially explosive IEO. $WSM can be staked to earn high APYs, and the cryptocurrency platform has a following of more than 1 million people.
- Bitcoin BSC – A new proof-of-stake inspired by Bitcoin, $BTCBSC is priced at $0.99 on presale. Currently offering 270% staking returns with $BTCBSC, with the presale having already raised more than $2 million in just 10 days.
- Launchpad XYZ – Access discounts on trading fees on a decentralized exchange with this altcoin. The platform gives users access to multiple Web3 services – $1.6 million raised in its presale.
- yPredict – Leverage the $YPRED altcoin to earn passive income, purchase predictive models, and earn rewards through a P2E ecosystem. Has raised almost $4 million in its presale.
- Ethereum – Largest altcoin by market cap. The Ethereum blockchain allows developers to deploy smart contracts and create decentralized applications.
- Binance Coin – Digitial currency fuelling the world’s biggest crypto exchange, Binance. Hold $BNB to get discounts on trading fees.
- Dogecoin – One of the oldest meme tokens, which has offered a huge ROI since its launch.
- Polkadot- Innovative web3 software project on the blockchain. This platform allows blockchains to interact with each other.
- Cardano – This is a third-generation proof of stake blockchain platform. The blockchain can process over 1,000 transactions per second.
- XRP – Underlying Currency of Payment Processing Network Ripple. $XRP is used to support peer-to-peer transactions, while offering low costs and high speeds.
A Closer Look at the Best Coins for the Next Alt Season
Investors should do their homework, rather than just allocating funds to the first new crypto project they come across. This is especially the case in such a saturated and volatile market.
To shorten this process and enable investors to make informed decisions, we’ve analyzed the top best altcoins to buy ahead of the next altcoin season.
1. Wall Street Memes – Exciting Meme Cryptocurrency has Raised Over $25 Million on Presale and Heading for Explosive IEO
Our #1 pick for the next investment to make ahead of the next altcoin season is Wall Street Memes ($WSM). Launched in 2019, the Wall Street Memes platform has generated a huge following of more than 1 million people.
That has been reflected in a hugely popular presale – one of the best of the year – which has raised more than $25 million since launch.
However, there is limited time remaining to purchase $WSM tokens during the presale, which is set to end on September 27, with the project heading for a highly-anticipated IEO in the coming weeks.
The creators of Wall Street Memes entered the blockchain space by releasing their own legacy NFT project, Wall St Bulls. The first NFT drop sold out 10,000 unique Ethereum-based NFTs in only 32 minutes. This led the creators to work on their next project, the $WSM token.
The main goal of $WSM is to generate wealth for all token holders. $WSM will be a community token, as 100% of the supply will be distributed to the public. The token supply is set at only 2 billion, 1 billion of which has been allocated for the ongoing presale.
Token holders can also stake $WSM to earn a passive income. At press time, the token is offering an APY (Annual Percentage Yield) of 61%. Due to the popularity of the presale and the staking returns, Wall Street Memes has the potential to soar ahead of the next altcoin season.
Wall Street Memes is also offering a $50,000 airdrop while its Twitter page has had Elon Musk interact with it on multiple occasions.
The cryptocurrency is expected to be listed on major tier-one exchanges by September 2023. As other meme coins such as Pepe Coin and Floki Inu have managed to secure listings on Binance, Wall Street Memes could be the next major listing on a large crypto exchange.
| Presale Started | 26 May 2023 |
| Purchase Methods | ETH, USDT, Credit Card |
| Chain | Ethereum |
| Min Investment | 100 $WSM |
| Max Investment | None |
2. Bitcoin BSC – Proof-of-Stake Cryptocurrency Offering Huge Staking APYs, $2 Million Raised on Presale
The next cryptocurrency on this list is Bitcoin BSC ($BTCBSC). This is a BEP-20 cryptocurrency which is inspired by the Bitcoin project – Bitcoin BSC aims to be a greener and more sustainable version of Bitcoin.
Investor interest has been huge, with more than $2 million raised in just 10 days since it launched.
The token mirror’s Bitcoin’s tokenomics, as there will be a 21 million maximum supply. Like Bitcoin, Bitcoin BSC will also vest its entire supply by following a 120-year vesting schedule.
The major difference is that Bitcoin BSC operates on a proof-of-stake (PoS) consensus, while Bitcoin works on a proof-of-work (PoW) algorithm, with users mining new tokens to validate blocks, a process that is expensive and requires huge amounts of energy.
On the other hand, Bitcoin BSC operates on the Binance Smart Chain (BSC) – one of the most efficient, cheapest and fastest chains – and uses a staking mechanism to validate new blocks. This way, less energy is used, and token holders can earn a passive income. Since the BSC network also uses the Ethereum code, it promises high levels of security to users.
Currently, one can purchase $BTCBSC on presale and earn a 274% staking APY as around a million tokens have been locked into the staking pool. The number will reduce as the staked tokens rise on the ecosystem. The cryptocurrency presale is allocating 6.125 million tokens, which represents 29% of the token supply.
Any unsold tokens, and the remaining 71% of the supply will be added to the staking contract. Staked token holders will slowly receive new tokens as the blocks are validated. The more you stake, the more you can earn on Bitcoin BSC.
To stay updated with this new altcoin project, read the Bitcoin BSC whitepaper and join the Telegram channel.
| Presale Started | September 5 2023 |
| Purchase Methods | ETH, USDT, BNB, Credit Card |
| Chain | BNB Smart Chain |
| Min Investment | $10 |
| Max Investment | None |
3. Launchpad XYZ – Access Multiple Web3 Services with this New Altcoin
Launchpad XYZ is an ecosystem through which members can get access to multiple Web3 environments and features. By leveraging $LPX, the native token, Launchpad XYZ gives users entry to a decentralized exchange, Web3 wallet, and presale listings.
This altcoin is currently available to buy on presale for just $0.0445 per token and has raised around $1.6 million so far.
But what can the $LPX token be used for in the ecosystem? Firstly, users can get various benefits if they stake a monthly average of 10,000 $LPX tokens. By doing so, one can receive a discount on fees and access to partner discounts.
On Launchpad XYZ’s NFT decentralized exchange, users can also access discounts on trading and access hundreds of cryptocurrency pairs. Members can access limited perpetual contracts and get a discount on trader exchange fees by staking $LPX.
Staking this token also gives one guaranteed access to presales. According to the Launchpad XYZ whitepaper, this ecosystem will host Web3 presales. The platform states that users can claim tokens directly through Launchpad XYZ, as the tokens are transferred to an individual’s Web3 wallets.
Through Launchpad XYZ’s stand-alone Web3 wallet, users can swap tokens, interact with DApps (decentralized applications), and have self-custody of assets. To set up the wallet, users simply need to provide an email address or phone number.
One of its main features is an alpha signals Telegram group that is already live and has made multiple 1,000% calls in recent weeks.
On Launchpad XYZ, users can also curate their own NFT collection and purchase fractionalized assets with the $LPX token. Since the presale started, this project has raised over $300K. Join the Launchpad XYZ Telegram channel to learn more about the project.
| Presale Started | 27 April 2023 |
| Purchase Methods | ETH, USDT, Credit Card |
| Chain | Ethereum |
| Min Investment | 100 LPX |
| Max Investment | None |
4. yPredict – Presale Altcoin and AI-Powered Trading Terminal and Analytics Platform
$YPRED is the native token of yPredict, a cryptocurrency research and analytics platform. Those interested in getting detailed insights on some of the top crypto tokens can purchase monthly subscriptions on yPredict using the $YPRED token.
The subscriptions give you access to a range of models on a financial marketplace, all of which have been created by top AI developers and financial quants. The models are only released to the general public after the yPredict DAO (Decentralized Autonomous Organization) verifies the data and information.
Through these models, users get access to sentiment analysis of various tokens, AI trading signals, and over 25+ charting patterns. All the data helps one to get an idea of the future trajectory of various cryptocurrencies.
yPredict also supports individual growth and promotes learning through its Learn2Earn ecosystem. On this platform, one can take quizzes and tests to get a better grasp of the crypto markets. For every successful test, the platform will distribute a certain amount of tokens.
To earn additional income, members can join a play-to-earn ecosystem where they can make directional bets, determining the future outlook of different digital currencies. The top performers are awarded with $YPRED.
Finally, $YPRED can be leveraged to earn passive income. Allowing members to earn a potentially high APY (Annual Percentage Yield), yPredict will launch a staking pool. 10% of all new subscription funds and 15% of all swapping fees will be awarded to staked token members through the staking pool.
Those interested in extracting these use cases can purchase $YPRED through the ongoing presale. The altcoin is currently priced at just $0.10 per token but will rise to $0.12 by the final presale round – almost $4 million has now been raised.
Stay tuned for the latest yPredict presale updates by joining the Telegram channel. You can also go through the yPredict whitepaper to get a more detailed understanding of the project.
| Presale Started | Q1 2023 |
| Purchase Methods | MATIC, ETH, USDT, BNB, Credit Card |
| Chain | Polygon |
| Min Investment | 200 YPRED |
| Max Investment | None |
5. Ethereum – Largest Altcoin by Market Cap With Smart Contracts
Ethereum is a well-known global software platform that uses blockchain technology to power various applications. This includes the verification and execution of smart contracts. There are also lots of P2E games built on Ethereum.
Ethereum is also a popular option for developers who want to create open-source dApps. Ether tokens, or ETH, were introduced in 2015. This large-cap cryptocurrency has been one of the preferred options during many altcoin seasons.
Ethereum was a proof-of-work cryptocurrency with high fees and slow transaction times compared with others. The network’s algorithm has now been upgraded to 2.0. As such, ETH is now a proof-of-stake token. This allows it to be less energy intensive and means that 1,000 transactions can be completed in one second.
Previously, in the same timeframe, only 15 transactions were processed. Ethereum is the biggest altcoin by market capitalization. As of the time of writing, ETH has a market capitalization of about $179 billion.
Buy Ethereum on eToro
Your capital is at risk. Crypto asset investments are highly volatile and speculative.
6. Binance Coin – Digital Currency Fueling the World’s Biggest Crypto Exchange
Binance Coin, or BNB, is the native cryptocurrency of the Binance exchange. Binance should need little introduction as it is the largest exchange in the world by trading volume. BNB is the native currency of the exchange and it was originally created utilizing the ERC-20 token standard. BNB now operates on its own blockchain network – the Binance Chain.
BNB is a popular option for investors during the altcoin season. A maximum of 200 million BNB tokens were created by Binance. However, this is a deflationary cryptocurrency as Binance regularly burns BNB tokens from the circulating supply.
Its main purpose is to support exchange operations while allowing traders to use the token for transaction fees on the platform.
BNB can also be used to invest in a range of other markets such as equities, as well as to pay for products and services (where accepted as a form of payment).
According to CoinMarketCap, BNB is the fourth largest crypto asset by market capitalization. At the time of writing, the market capitalization of Binance Coin is over $51 billion.
Buy Binance Coin on eToro
Your capital is at risk. Crypto asset investments are highly volatile and speculative.
7. Dogecoin – Original Meme Token With Strong Online Community
Thanks to a huge community of online supporters, including famous faces such as Elon Musk, Dogecoin is a popular investment during the altcoin season. DOGE became the first-ever meme token when it was released in 2013.
However, it wasn’t until the short squeeze of stocks like Gamestop and AMC in late 2020/early 2021 that Dogecoin really gained mainstream attention.
Online retail investors rallied together to buy DOGE, turning it from a bit of a joke, into a top ten crypto asset. Dogecoin skyrocketed, going from a market capitalization of $1.3 billion to $16.5 billion between January and May 2021.
The value of DOGE tokens increased by thousands of percent, creating huge gains for those who cashed out at the right time. DOGE has no real use cases and there is no cap on its supply. However, it still has a sizable and loyal following on social media platforms such as Reddit and Twitter.
Dogecoin is among the top ten crypto assets by market capitalization. This stands at over $13 billion at the time of writing.
Buy Dogecoin on eToro
Your capital is at risk. Crypto asset investments are highly volatile and speculative.
8. Polkadot – Innovative Web3 Software Project on the Blockchain
Those looking to invest now for altcoin season 2023 should consider Polkadot. DOT powers an ecosystem whereby creators can develop blockchains and much more. The name comes from the network’s ability to connect the dots, allowing blockchains to communicate with one another.
These specialized blockchains are referred to as parachains. Polkadot’s development is future-proof and community-driven. Network updates are planned on-chain, implemented independently, and without forking the network.
In recent news, the company behind Polkadot, Web3 Foundation, has engaged with the SEC to make DOT a software product rather than a security. The DOT token’s price increased, suggesting that it had positively reacted to the most recent announcement.
DOT started November 2022 with a market capitalization of just over $7 billion. Within a week it increased to a valuation of $8.5 billion.
Buy DOT on eToro
Your capital is at risk. Crypto asset investments are highly volatile and speculative.
9. Cardano – Third-Generation Proof of Stake Blockchain Platform
The native coin of the Cardano blockchain, ADA, is employed to support P2P transactions. Cardano is an open-source blockchain that uses the Ouroboros proof-of-stake model. Scalability, adherence to rules, voter fraud, and interoperability are just some of the issues the Cardano seeks to address.
The peer-reviewed technology used by the network gives it legitimacy and a technical edge over competitors, making it hugely popular in the run-up to the crypto alt season.
Moreover, Cardano is thought to be one of the pioneers of the proof-of-stake mechanism mentioned earlier. This means fast transactions, low fees, and enhanced security. Cardano’s market capitalization at the time of writing is almost $14 billion.
Buy Cardano on eToro
Your capital is at risk. Crypto asset investments are highly volatile and speculative.
10. XRP – Underlying Currency of Payment Processing Network Ripple
A well-known digital payment network and protocol built on the blockchain called Ripple has its own currency, XRP. This is one to watch for the next altcoin season.
Similar to the SWIFT system for international money and security transfers, the primary purpose of Ripple is payment settlements.
On the Ripple network, transactions are settled in a matter of seconds, and the platform can handle nearly 1,500 transfers per second. This is clearly preferable to traditional financial institutions, which may need days to complete a wire transfer.
The market capitalization of XRP is over $22 billion at the time of writing.
Buy XRP on eToro
Your capital is at risk. Crypto asset investments are highly volatile and speculative.
What is an Altcoin Season?
Those who invest in cryptocurrencies are typically interested in the idea of ‘timing the market’ for the best gains.
This entails identifying patterns and trends to guide their entry and departure points when placing an order.
Like with equities, investors have declared different ‘seasons’ in the crypto markets.
See below:
- Better-known seasons include crypto winter and summer
- Winter brings market-wide prolonged depressed prices for digital currencies
- Meanwhile, DeFi Summer was coined in 2020, with reference to a surge in the popularity of decentralized finance projects
So what exactly is a crypto altcoin season?
- Altcoins are digital currencies outside of Bitcoin
- This season refers to a shorter period of time when altcoins are on an upward trajectory
- This does not include stablecoins such as USDT, BUSD, or PAX, or those pegged to physical assets
Once investors identify the start of an altcoin season, they begin to buy Bitcoin alternatives. The overarching goal is to find altcoins likely to blow up.
In some cases they outperform Bitcoin. On the other hand, it gives investors the chance to enter and make gains from the crypto market without forking out thousands of dollars on a single BTC token.
Is it Alt Season Now?
According to the altcoin season index provided by BlockchainCenter, the time has not arrived just yet. To clarify, the index is based on the performance of altcoins in comparison to Bitcoin.
In a nutshell:
- If 75% or more of crypto assets have performed better than Bitcoin, it is officially crypto alt season
- At the time of writing, only 43% of altcoins have outperformed BTC tokens
As such, this presents early investors with an opportunity to build their portfolio before the next alt season.
Will There be Another Altcoin Season?
It is inevitable that there will be another altcoin season. As with stock trading and other markets, altcoin prices tend to move in cycles.
Investors can be all but sure that at some point, altcoin season will begin. When the market seems to be bullish for Bitcoin, this is usually a sign that an altcoin season is on the horizon.
This is because investors who might not have the funds for a BTC token opt for more affordable cryptocurrencies for fear of missing out. That said, outside influences can always affect the crypto market, so investors will need to conduct thorough research.
On a side note: some investors consider trading signals for tips if they don’t understand how to read technical indicators and charts.
When is the Next Altcoin Season?
As we touched on, the next altcoin season will likely be triggered by a Bitcoin pump. That said, an accurate date of when the next altcoin season begins is unknown. The cryptocurrency markets are highly volatile and unpredictable for the most part.
That said, as well as checking an alt season index, investors can also look at charts that illustrate Bitcoin’s dominance themselves. Bitcoin’s overall market capitalization is relative to the rest of the crypto market, and this is one of the best tools for identifying an altcoin season.
Consider that at the time of writing, TradingView’s Bitcoin Dominance Index illustrates 40.1%. This indicates that 40.1% of the market capitalization of all cryptocurrencies is held by Bitcoin. To put this into perspective, Bitcoin’s market dominance was over 70% at the end of 2020.
As such, investors might identify an upcoming altcoin season by spotting a significant, long-lasting decline in Bitcoin’s market dominance over a period of weeks or months. Another way to identify a potential altcoin season is large-scale hype like that seen in 2020/2021.
Should You Invest Before Altcoin Season?
It’s common for investors to start entering positions before altcoin season, although many place orders during too. One of the hardest parts about trading crypto assets is timing the markets.
That is to say, unless the crypto asset is bought and sold at the right time, the investor can make a loss when they close their position.
- Investors can look for blockchain trends on various social media sites and exchanges to try and identify the next alt season
- For example, this might include an increased interest in analytics platforms, cryptos that can be swapped for carbon credits, or P2E projects like Calvaria
- As we said, another signal of a potential altcoin season is when Bitcoin is in the midst of a bull run
- At this time, the price of large-cap altcoins tends to increase as well
There is no right or wrong answer to the question of ‘should I invest before altcoin season?’. Investors should consider their own interests and goals. It’s also important to create a realistic budget and consider diversifying a portfolio to try and mitigate risk.
Another option is to find the best crypto VC firms, such as Block Media Labs, and research their portfolios to see which crypto projects they deem promising and profitable.
Conclusion
Today, we’ve reviewed the top trending cryptos to buy ahead of the next altcoin season. This includes a range of established and presale Bitcoin alternatives that many believe are a worthy addition to any portfolio.
For instance, Wall Street Memes is a new altcoin which has raised more than $25 million on presale. $WSM, the native token, is priced at $0.0337 during the final stage of presale, which is set to end on September 27 ahead of a high-potential IEO.
Token holders can also stake $WSM and get a staking APY of more than 60%.
FAQs
Will there be an altcoin season in 2023?
It’s hard to say whether there will be an altcoin season in 2023. Some market commentators think an alt season is around the corner. That said, investors should make their own decision based on metrics like Bitcoin market dominance charts, and altcoin index data. When 75% of altcoins have outperformed BTC, the alt season begins for most investors.
What is meant by altcoin season?
An altcoin season is what investors call a period of time whereby altcoins experience a short-term bull run. This is usually down to a Bitcoin rally which leads to FOMO, causing smaller investors to buy upcoming or cheaper altcoins. Altcoin season can also be kickstarted by a meme rally or another sharp increase in interest.
What altcoins should I buy in 2023?
Some of the best altcoins to buy in 2023 are Wall Street Memes ($WSM), Bitcoin BSC ($BTCBSC), Launchpad XYZ ($LPX) and yPredict ($YPRED).
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