The 5 Best Altcoins to Add to Your Portfolio This Summer

A monumental buying opportunity is available on altcoins, with many at double-digit discounts this month. However, Ethereum ETFs are launching in July, so the low prices might be short-lived.

With summer approaching, it's time to consider refreshing your crypto portfolio.

The market has been volatile, presenting opportunities for those willing to venture beyond Bitcoin and Ethereum.

Among the vast selection of altcoins available, a few stand out with promising potential for summer 2024.

Here are five of the best altcoins to consider adding to your portfolio:

PlayDoge (PLAY)

Combining the fervor of Play-to-Earn cryptocurrencies with the allure of meme coins, PlayDoge emerges as a compelling choice.

Inspired by the iconic 1990s Tamagotchi game, PlayDoge users nurture 8-bit virtual pets, ensuring their nourishment, rest, and entertainment.

In return, they earn XP, which translates into $PLAY rewards.

These rewards can be exchanged for other cryptocurrencies, utilized for in-game purchases, or staked for further earnings.

Moreover, to receive rewards, users must hold $PLAY, further incentivizing its acquisition.

Currently, PlayDoge is conducting a presale, having already raised $5 million in capital.

During this presale, investors can purchase $PLAY for $0.00512; however, the price is set to increase in two days.

Ethereum Name Service (ENS)

As previously mentioned, the highly anticipated Ethereum spot ETFs are poised to launch in July.

This development will enable Wall Street players to invest in Ethereum for the first time.

If the performance of Bitcoin ETFs serves as an indication, this could infuse billions of dollars into ETH, potentially having a trickle-down effect on its ecosystem tokens.

Among these tokens, Ethereum Name Service is poised to benefit significantly.

As Ethereum's go-to protocol for assigning customized names to wallets, websites, and more, ENS is a prime candidate for increased demand.

Currently, ENS is trading at $22.46, experiencing a decline of 9.6% today, 3.2% this week, and 4.2% this month.

With a 24-hour trading volume of $709 million and a total supply of 118 million, ENS is a substantial player in the altcoin market.

Pepe Unchained (PEPE)

Another cryptocurrency that stands to gain from the launch of Ethereum ETFs is Pepe Unchained, which marks the first-ever Pepe-themed Ethereum layer 2 blockchain.

Currently, the project is conducting a presale, offering investors the lowest price to buy PEPE before it hits exchanges.

Having raised almost $500K so far, Pepe Unchained is priced at $0.008032, set to increase throughout the campaign, with the next price uptick in one day.

Similar to PlayDoge, Pepe Unchained boasts a meme coin appeal to attract the masses, while its true value lies in its utility.

Transacting on Pepe Unchained is 100x faster and significantly cheaper than on Ethereum, which could prove instrumental as Ethereum's on-chain activity surges amid ETF launches.

The project is designed to house meme coins, strategically aligning crypto's technological and cultural forefronts.

Those seeking to buy Pepe Unchained at presale are advised to act swiftly to secure the best price.

Ondo Finance (ONDO)

Ondo Finance is a real-world asset (RWA)-focused cryptocurrency, delivering institutional-grade finance on-chain.

The protocol boasts two flagship products: USDY, a yield-generating stablecoin, and OUSG, a tokenized short-term U.S. government treasury.

Ondo's offerings present a breakthrough in the financial industry, providing seamless, global exposure to U.S. treasuries.

This use case has generated a massive buzz and enabled substantial growth for ONDO since its launch in January.

Having surged over 500% since launching, ONDO is currently trading at $1.07, with a market cap of $1.4 billion and a 24-hour trading volume of $155 million.

The project ranks as the largest RWA crypto by market cap, which is significant as the sector is cultivating massive interest.

For instance, the world's largest asset manager, BlackRock, aims to tokenize $10 trillion worth of its assets through the technology.

With Ondo heading the RWA market, it certainly could be one of the best altcoins to buy for this summer.

Pepe (PEPE)

While we have covered Pepe Unchained, its legacy counterpart, Pepe, is also another solid option to buy now.

Since its emergence in April 2023, Pepe has remained at the forefront of memetic culture. Its famous Pepe the Frog mascot is recognizable to meme enthusiasts globally.

Moreover, Pepe could be a strong buy because of Ethereum's ETF.

Due to its proximity on the Ethereum network, many traders view Pepe as a beta play