5 Altcoins That Could 10x in the Next Market Cycle

This article lists 5 projects that could perform well in the next altcoin season, targeting both new and experienced cryptocurrency investors.

In the extended periods known as altcoin seasons, Bitcoin's market share is reduced as other cryptocurrencies rise in value. As a result, many investors become very wealthy. But not all cryptocurrencies perform equally in altcoin seasons. While some provide life-changing gains, others barely keep up. For that reason, traders must have a thorough understanding of market conditions, so they can easily identify the best crypto to buy. To help save time and invest wisely, we've compiled a list of five projects that could perform well in the next altcoin season.

Best Wallet Token

Best Wallet Token is primed to capitalize during an altcoin season because it's a multichain crypto wallet with features that extend well beyond the offerings of its peers. The wallet will support over 60 blockchains, including Bitcoin, Ethereum, Solana, XRP, and Cardano. It also boasts a wide selection of features, such as cross-chain DEX, a presale aggregator, a staking aggregator, crypto debit card, derivatives trading, and much more. All of these features are built into the Best Wallet app, meaning users can access them with a couple of clicks. This creates a more integrated and seamless user experience, negating the typical complexities of on-chain transacting. The project is currently undergoing a presale, where it has raised over $12 million so far. Considering its innovative use case and early stage, $BEST could be one of the top performers in the next altcoin season.

Hyperliquid

Hyperliquid is a layer 1 blockchain focusing on decentralized perpetual futures trading. What makes Hyperliquid stand out from other decentralized perp DEXs is its impressive user experience. The project offers low fees, a wide selection of altcoins to trade, and easy onboarding.

During the altcoin season, investors' risk appetite will increase, causing an uptick in leverage trading.

hyperliquid has 75% (!) mindshare in the whole perps sector rn

hyperdomination pic.twitter.com/FjSi67nlIf

— jj (@jj_blocks) August 24, 2023

Since Hyperliquid is decentralized, it can be used almost anywhere in the world. The same cannot be said for most centralized perpetual future trading platforms. This could lead to Hyperliquid gaining a strong market share as the altcoin season unfolds. And factoring in Hyperliquid's seamless user experience, it has a better chance of attracting users than other decentralized futures trading platforms.

Solaxy

Solaxy is building the world's first Solana layer 2 blockchain. During periods of peak network activity, such as altcoin seasons, Solana struggles to handle all transaction requests on its network. This leads to longer wait times and increased rates of transaction failure, which not only dampen the user experience but can also cost traders a lot of money. The Solaxy layer 2 blockchain will handle some of Solana's workload and use transaction bundling technology to increase the scalability. Through this approach, Solaxy will be cheaper, faster, and more reliable than the Solana layer 1 blockchain.

The project is currently undergoing a presale, where it has raised over $40 million so far. This makes the biggest Solana presale in history and signifies that $SOLX has huge potential to grow once it lists on exchanges. However, the presale will end in just 20 days, leaving limited time to buy in at the lowest entry point.

Tron

One of the most important things crypto investors must watch is how attention flows. And right now, Tron is on the rise. DeFiLlama data shows that Tron's total-value locked (TVL) has surged 29% in the past month, outpacing other well-known blockchains' inflows.

Tron is a layer 1 blockchain focused on speed and security. The ecosystem has a strong presence in Asia, with Tron Foundation based in Singapore. What’s unique about Tron is that it has a thriving stablecoin market. The combined valuation of all its stablecoins equates to $79 billion, which is the second-largest amount of stablecoins kept on a blockchain, only trailing behind Ethereum with $123 billion. This stablecoin stockpile could be seen as dry powder. It’s pent-up liquidity, and a portion may well be deployed into ecosystem assets, either into $TRX directly or on-chain ecosystem plays.

Virtuals Protocol

AI agents are one of the hottest talking points among crypto users in recent months. For the uninitiated, an AI agent is an autonomous AI algorithm that can complete tasks without human intervention. For example, you could have an agent that scans documents for viruses, or one that automatically launches meme coins based on market trends.

Virtuals Protocol is a project that allows users to create their own agents with text-based prompts. It’s increasing access to one of the most cutting-edge technologies to emerge in the last decade,