Best Altcoins to Watch for in the Upcoming Mega Altcoin Season – ALPH, SMOG, and SPOODY

adminFebruary 25, 2024

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Amid the current cryptocurrency market downturn, investors are actively seeking out altcoins that combine stability and growth prospects.

While markets are often swayed by Bitcoin’s movements, certain altcoins, including Alephium (ALPH), Smog (SMOG), and Spodermen (SPOODY), stand out due to their unique features and significant upside potential.

These altcoins’ distinct features and promising prospects, combined with Bitcoin’s recent decline (which may be related to overbought RSI conditions), highlight the importance of exploring alternative cryptocurrencies for portfolio diversification.

Here are three altcoins worth considering accumulating during this market downturn:

ALPH

Alephium aims to pioneer cutting-edge energy-efficient solutions for decentralized applications. Alephium provides accessibility, scalability, and security through innovative features such as a secure UTXO model, small proof-of-work consensus, and custom virtual machines that enable trustless peers. Address limitations. -Two-peer smart contracts.

Currently, Alephium (ALPH) presents a strong case for rapid growth, with its current trading price of $3.35, up 75% despite the recent cryptocurrency market slump. Its market capitalization soared to $241 million, suggesting a significant rise to $23 billion in market capitalization.

Although 24-hour trading volume appears to be relatively low at $3 million, it is important to remember that the coin is currently only listed on Gate.io and MEXC, with MEXC dominating the trading volume. Additional listings on major exchanges such as Binance, KuCoin or OKX could significantly increase liquidity and facilitate a rapid rise in value.

It is worth emphasizing that current exchanges such as BitMart and CoinEX may not contribute significantly to trading volume. Even platforms like Uniswap may not be able to provide Alephium with the exposure it needs.

Therefore, the potential for explosive growth could lead to listings on more popular exchanges in the future, which could push the coin to unprecedented highs of $30, $40, $50 or even $60 during ongoing bull market conditions. This transition to a large exchange is critical for Alephium to gain wider recognition and adoption in the cryptocurrency market.

If you’re looking for the best altcoin investments, visit our guide to the best altcoins to buy now in 2024 here.

SMOG

Smog, a meme coin with ambitions to surpass Bonk, Solana’s leading meme coin, debuted on the Solana blockchain with a significant airdrop. 1.4 billion tokens, or 35% of the total token supply, were allocated in this airdrop, making it the most extensive SOL airdrop to date.

Airdrops, managed by Zealy.io, allow users to accumulate points through on-chain activities such as social media engagement, quest participation, and Smog buying, holding, and staking.

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Profile link 🔗 pic.twitter.com/vsn4p5cSF4
— Smog (@SMOGToken) February 8, 2024

Compared to DEXTools or Jupiter, Smog is strategically positioned by offering a 10% discount on both purchases and staking through the official website. Listed on Uniswap, Jupiter, and Raydium, Smog boasts cross-chain capabilities spanning Ethereum and Solana.

This versatility extends to purchase options, allowing users to purchase Smog using USDT, Ethereum, or credit cards. Smog staking on the platform comes with an attractive APY of 42%.

Despite recently undergoing consolidation following a notable surge, rising from $0.03 to an all-time high of $0.09, an increase of nearly 250-300%, smog looks set to make another notable development.

This revision phase is seen as a necessary consolidation ahead of the next major move expected. With an active presence across multiple platforms and a strong marketing presence on YouTube, Smog has the potential to grow 3-5x in the near future.

The integration phase could attract whales, and the coin’s cross-chain functionality will only enhance its overall appeal. The diligent efforts of our marketing team further contribute to the positive sentiment surrounding smog. To participate in this exciting new project, purchase $SMOG tokens here.

SPOODY

Due to Bitcoin’s recent downturn, Spodermen has shown remarkable resilience, boasting a 25% gain with experts speculating a potential 10x return.

With a current market cap of a promising $6.31 million, this meme coin’s price tag is listed at $0.006082, with a total supply of 1 billion tokens, some of which have already been burned by the community. This aspect is very important for those delving into the world of Spodermen.

For a comprehensive understanding of these meme coins, we recommend taking a closer look at Twitter, Telegram, and DEXTools. The current circulating supply of 981 million tokens highlights the positive impact of community-driven token burning. Strategically positioned for substantial growth, Spodermen aims to surpass previous all-time highs.

We expect a move to $0.03 would imply a plausible 5x return, while the bullish outlook extends the potential return by 10x, reaching around $0.6. Key targets to watch include $0.029 and $0.06, with the critical level set at $0.0072.

With great interest from whales and retail investors alike, Spodermen has gained traction in the cryptocurrency space. There may be some volatility due to investors taking a short-term view, but the overall sentiment is positive. It is recommended to refrain from hasty selling, which can result in large losses.

conclusion

In the face of cryptocurrency market volatility, strategic accumulation of altcoins with explosive growth potential has become more important than ever. Alephium, Smog, and Spodermen each emerge as unique opportunities, boasting their own narratives and potential catalysts for significant profits.

Investors are advised to keep a close eye on market developments to empower them to make informed decisions and potentially capitalize on opportunities arising from the current market downturn.

If you’re looking for other investment opportunities, check out our list of the best cryptocurrency ICOs to consider.

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