Altseason has officially begun! Bitcoin’s dominance has dropped for the first time in three years, signaling a major shift in the crypto market. Solana (SOL) is nearing its all-time high of $265, boosting the entire altcoin market. The Altcoin Season Index has surged to 78, confirming the massive influx of money into altcoins.
Promising Altcoins to Keep an Eye On
Analysts are highlighting several altcoins with strong potential for growth during this bull run. Top contenders include AVAX, SUI, APT, LINK, DOGE, and ADA. One analyst, Michaël van de Poppe, noted that this is the first significant drop in Bitcoin dominance in almost three years, marking the end of a three-year altcoin bear market and the start of a new bull run, similar to 2019/2020. Another analyst, BitBull, added that while altseasons typically last around 17 days, they can extend beyond 100 days with increased liquidity. The shift from Bitcoin dominance to altcoins is underway.
Solana’s Price and Potential
Solana is currently trading around $241, just 10% away from its all-time high. Market analyst Virtual Bacon predicts strong resistance at $260–$270, suggesting that while Solana might hit its year-end target of $260, breaking its previous ATH might be challenging. However, the real opportunity might lie in the next wave of large-cap altcoins poised to explode.
Top Altcoins to Buy Now
As Solana approaches resistance, capital is starting to flow into other large-cap altcoins. Here are some noteworthy options:
1. Bitcoin Hyper (HYPER)
Considered one of the most ambitious Layer-2 projects on Bitcoin, Bitcoin Hyper is attracting significant attention. Its innovative technology and high staking rewards lead analysts to believe HYPER could mirror Solana’s explosive trajectory.
2. Maxi Doge (MAXI)
This meme coin is gaining momentum as liquidity shifts to alternatives. Its community-driven approach positions Maxi Doge as a strong contender among meme altcoins.
3. Pepenode (PEPE)
Combining gamified mining with meme culture, Pepenode offers a unique narrative in the current market shift. Analysts highlight its potential for surprise growth, driven by increasing investor and community interest.