The crypto market is picking up steam again after a volatile week, with Bitcoin leading the charge into uncharted territory. On Friday, BTC hit a record high of $70,000, giving a boost to altcoins and signaling a sustained uptrend. Memecoins and AI-related tokens notably saw significant growth, playing a crucial role in driving the overall market rally. This article is all about the top 12 coins to watch out for the next two months.
1. Render (RNDR)
Render Network (RNDR) is a computer graphics platform that uses lots of computers to make pictures and videos. It runs on a system called Ethereum. The goal is to help artists and studios save money and make their work faster. Let’s take a closer look at how it works.
The platform links up artists and studios who need powerful computer graphics processing with people who have spare computer power to rent out. It works like a market where users use special tokens called RNDR to pay for tasks. This helps save a lot of money compared to using regular cloud services for rendering. Plus, it’s better at handling big and tricky projects, offering more flexibility and scalability. The RNDR price could explode in the next two months.
2. Ethereum (ETH)
Ethereum is the second-biggest cryptocurrency and it’s expected to stay that way for a while. If there’s a big surge in cryptocurrency prices after the next Bitcoin event, Ethereum will likely do very well. That’s because it’s the main place for projects that want to use advanced blockchain ideas like decentralized finance, unique digital items, self-running organizations, and other cool stuff.
One more reason Ethereum’s value could rise soon is because Ethereum spot ETFs are expected to launch. Just like there are now ETFs for Bitcoin, people believe Ethereum could be next. Big investment firms like BlackRock and Grayscale have already applied to create Ethereum ETFs.
3. Dogecoin (DOGE)
Dogecoin is considered one of the top cryptocurrencies to buy before the Bitcoin halving because it has been around since 2013 and has proven to be enduring. During the last big rise in cryptocurrency prices in 2021, Dogecoin gained a lot.
Many new investors joined the crypto world, and Dogecoin was a popular choice because it’s fun and easy to find on platforms like Robinhood. Even though Dogecoin’s price is low, people like buying it because it feels good. There was a trend on social media where users encouraged each other to buy Dogecoin and push its price up to $1.
If a lot of new investors start getting into cryptocurrency again after the next Bitcoin halving, Dogecoin might do really well. During the last big rise in crypto prices, Dogecoin went up a lot but didn’t quite hit $1. Will it be different next time? We’ll have to wait and see.
4. Cardano (ADA)
Cardano’s own token, ADA, went up nearly 50% in the past month. It’s getting a lot of positive attention as it reached $0.72 on Thursday. People who think the price will keep going up (bulls) are trying to push ADA to $0.82 and even $1. If the whole cryptocurrency market goes up, ADA might lead the way in the short term.
Even though Cardano’s ADA coin had some ups and downs in its value during 2022, Cardano stayed strong because of its hardworking team and smart leaders. They keep making the Cardano platform better and adding new features that might be even better than Ethereum. The recent update called the Cardano’s Vasil Hark Fork, which happened on September 22, 2023, shows that Cardano is still one of the top cryptocurrencies in 2024.
5. The Graph (GRT)
The Graph (GRT) acts like the super organizer of blockchain information! Its job is to help developers by sorting and getting data from various blockchains quickly. Think of it as the librarian of the crypto world, making it easy for everyone to find what they need fast.
GRT is the special ingredient in many popular dApps and DeFi platforms. It powers big names like Uniswap, Synthetix, Aragon, AAVE, and Gnosis. Without The Graph, these platforms couldn’t access and understand all the important on-chain data that makes them work. It’s like the hidden hero behind the scenes, making sure everything in the crypto world runs smoothly!
6. Gala (GALA)
Gala Games was made by top game developers who wanted to change things for players using Web3 and blockchain tech. They noticed big issues with how big game companies make players keep spending money to enjoy a game. So, instead of sticking to the old way, Gala is making a big platform with high-quality games (lots of them are free). These games give players more freedom, control, and rewards.
Gala Games has lots of Web3 games in different stages of development or already out, including some famous ones. It’s aiming to be a big Web3 gaming system that can compete with mainstream platforms.
7. Solana (SOL)
Solana has been causing a stir in the world of cryptocurrency, with its price skyrocketing by over 300% from October 2023 to February 2024. Despite facing challenges before, Solana has emerged victorious and is now ranked as the fifth largest cryptocurrency, boasting a market value of $64,021,477,011. Currently, one Solana (SOL) is priced at around $144.16. People are enthusiastic about Solana because it’s speedy, inexpensive to use, and gaining more and more popularity.
Solana’s decentralized application (DApp) ecosystem is already more varied than competitors such as Cardano. So, if you think Solana has promising long-term prospects, buying some SOL at these prices might be a wise choice, particularly before the next Bitcoin halving event.
8. Shiba Inu (SHIB)
The Shiba Inu project team has introduced a new website domain called .shib, joining other familiar ones like .com or .org. These domains help sort websites by their purpose or where they’re from.
The team partnered with the web3 domain project D3 to secure the .shib domain. Having .shib added to the global Domain Name System is more than just having cool websites. D3 says current crypto domains like .crypto don’t work well across all platforms, but .shib aims to work smoothly with everyday services people use.
9. Sui (SUI)
Sui is a blockchain project working on a platform that’s really good at handling smart contracts quickly and efficiently. It’s made by Mysten Labs, a company run by co-founder and CEO Evan Cheng.
Sui’s blockchain uses a special language for smart contracts called Sui Move, which is based on the Move language. Move was first made for Facebook’s Libra project. Now, Sui and Aptos are the main projects using the Move language.
The Sui blockchain can do lots of transactions at once, which makes it super fast with very little delay. This also means it uses the computer’s CPU really well. In tests, the Sui blockchain has shown it can handle 120,000 transactions every second.
10. Uniswap (UNI)
Uniswap is a special type of crypto exchange where you can trade without needing traditional order books. Instead, it uses something called an AMM (automated market maker) model. This makes swapping tokens on the blockchain easy and smooth, without needing middlemen.
The Uniswap Foundation wants to use the protocol’s fee system to reward people who hold and support UNI tokens. They’ve put forward a plan to encourage more people to get involved in the Uniswap governance process by staking and delegating their tokens.
If the community agrees, this proposal will let the protocol collect fees automatically, and then share them equally among UNI token holders who have staked their tokens and delegated their voting rights.
11. Cosmos (ATOM)
Cosmos is a network made to let various blockchain platforms work together. The main part of this network is the Cosmos Hub, which runs on a Proof-of-Stake blockchain. The Cosmos Hub also helps connect with blockchains outside of the Cosmos system, like Bitcoin and Ethereum. These different blockchains in Cosmos talk to each other using a protocol called IBC (Inter-Blockchain Communication).
The Cosmos community recently agreed to limit the inflation rate of the ATOM token to 10%, down from the current rate of about 14%. The proposal also sets a cap of 20% for future inflation. This means fewer new ATOM tokens will be created. However, it also means the annual percentage rate (APR) for staking ATOM tokens will decrease from around 19% to about 13.4%.
The proposal was based on research suggesting that the Cosmos Hub blockchain is paying too much for its security. By reducing ATOM inflation, the proposal aims to benefit decentralized finance protocols and money markets in the Cosmos ecosystem.
The vote was closely contested, with 41.1% voting “Yes,” 31.9% voting “No,” 6.6% opting for “Veto,” and 20.4% abstaining. Interestingly, this proposal attracted the highest voter turnout ever seen in the Cosmos ecosystem.
12. Mina (MINA)
The Mina Protocol is making a really small blockchain using zero-knowledge technology. It keeps the size of the Mina blockchain always at just 22 kilobytes. Mina’s version of decentralized apps is called zkApps. These apps use smart contracts that can do something cool: they can prove you own your data without showing the data itself to others. zkApps can also quietly get data from any website, making it easy to use real-world information without needing complicated systems.
Zero-knowledge technology is expected to be a big deal in crypto and blockchain in the future, and Mina Protocol seems to be in a good position to benefit from this. Also, because the Mina Blockchain is so lightweight, it’s easier for people to join in, which is great for mobile devices. Since many people are likely to use blockchain on their phones, Mina could be one of the next big cryptocurrencies to grow rapidly.
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