Economist Says Altcoins Ready for ‘Flying’ Euphoric Bull Run - The Top 5 Picks Experts Back for Massive Returns

The popular economist Henrik Zeberg has said that the altcoin market is setting up for a major parabolic run to new highs before the global economy witnesses a recession. According to Zeberg, euphoria will develop over the next few months that will send altcoins flying.

The economist shared a chart that projected the TOTAL-ETH-BTC, which is currently valued at $662.75 billion, increasing to a high of $1.83 trillion. Based on this prediction, many altcoins are expected to soar to new all-time highs (ATHs) this year.

Mega Altseason Confirmed By Other Analysts

Zeberg isn’t the only market analyst who has shared very bullish forecasts about the coming altseason. Benjamin Cowen has predicted a massive altseason, writing that in “June 2019, #ALT / #BTC pairs capitulated to the range lows just before the Fed cut interest rates.”

With the market in a very similar spot in June 2024, the analyst expects many top altcoins to embark on another major bull run. Michaël van de Poppe has shared a similar sentiment, saying that he was “expecting a bullish breakout happening in the coming week.”

With many top experts sharing the same sentiment, many investors are now looking to position themselves, searching for the best altcoins to buy for maximum returns as we head into a historic altseason. Ethereum, Angry Pepe Fork, Floki, Ripple, and Toncoin are some names that have popped up.

Best Altcoins To Invest in for the Euphoric Bull Run

Like in every bull market, we expect that the majority of the altcoin market records a certain level of price increase, but below are the top altcoins to invest in for the biggest gains.

1. Angry Pepe Fork (APORK)

Angry Pepe Fork (APORK) is a new project that has gained traction for breathing in new live into the meme coin space. Analysts are doubling down on APORK as one of the top altcoins to invest in for more than 50x gains this altseason because of its novel new MemeFi ecosystem, a blend of meme coins and DeFi.

This new project is considered the future of the meme coin space because of its “Conquer To Earn” system. The aim of Conquer To Earn is to remove zombie coins that have no use from the market and establish APORK as a dominant force. The community of the project, known as Angry Pepe Fork Army, will significantly help in the growth of APORK as it attains this goal.

Holders of the APORK tokens will receive a higher APY for staking as more zombie coins are removed from the market. Because of this unique use case, Angry Pepe Fork has been ranked as one of the most promising altcoins for passive income generation.

Due to the usefulness and the profits that it will generate for users, market specialists believe that APORK will be the most popular project on the Solana network. APORK is currently valued only at $0.014 in its first round of presale. Investors now have a chance to join APORK early to make the most profit from the coming altseason.

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2. Ethereum (ETH)

While Ethereum (ETH) remains the undisputed leader in the altcoin market, it is the recent approval of ETFs that has made market experts extremely bullish. Even before ETF trading began, institutional money has been pouring into Ethereum.

Ali Martinez recently reported that the number of addresses holding over 10,000 ETH increased by 3% in three weeks. This massive accumulation spree from deep-pocketed investors is an indication of what is to come. Standard Chartered predicted that the price of Ethereum could rise from its range of $3,600 to peak above $8,000, making it one of the best altcoins to buy now.

3. Floki (FLOKI)

In the altcoin market, Floki (FLOKI) has been one of the standout coins, rallying by more than 650% YTD. In addition to its strong technical strength, the pseudonymous trader, Immortal, has said that, based on analysis, Floki is ready for another wave of acceleration.

According to the analysis shared by Immortal, the price of Floki could increase from its current range of $0.0002600 to set a new ATH as high as $0.000600. Like Ethereum, Floki has received support from investors. DWF Labs recently invested $12 million in buying Floki Inu tokens. This supports the claims that FLOKI could be one of the best altcoins in the coming altseason.

4. Ripple (XRP)

Although Ripple (XRP) has struggled through most of 2024, many market experts are positive that things could change soon for the altcoin. One of the key reasons for this is based on the hope that ETFs for XRP will be approved during this altseason. Another reason is the conclusion of the SEC vs. Ripple case which has lasted for over three years.

With the approval of Ether ETFs, many industry experts believe that Ripple will emerge as the winner of this case, preparing XRP for a major price pump. Based on the macro view shared by EGRAG Crypto, the price of Ripple could increase by more than 10x to rise above $7 in this altseason.

5. Toncoin (TON)

Leveraging its close relationship with Telegram, Toncoin (TON) has been on a strong increase throughout the year. YTD, the price of Toncoin has increased by more than 200%. Thanks to the recent surge of crypto adoption on the social media platform, many top market experts are optimistic that the altcoin price could rise even further.

On-chain metrics also suggest that Toncoin could continue increasing in price. The number of active addresses on the TON network has increased from around 50k in early May to over 75k in June – a 50% hike in new users interacting with the ecosystem. Also, the circulating token supply of TON has gradually increased from 1.9 billion in late April to nearly 2.3 billion.

Conclusion

The analysis and predictions from many top figures in the crypto space have confirmed that we are on the cusp of one of the biggest altseason. While the majority of the altcoin market will record gains, the best altcoins to hold for the biggest gains are APORK, Ethereum, Floki, Ripple, and Toncoin.

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