An altcoin season appears to be on the horizon, stirred by a significant breakout in the TOTAL2 chart, which tracks the combined market capitalization of cryptocurrencies excluding Bitcoin. Recently, this chart reached a new all-time high, surpassing the $1.7 trillion mark, marking a significant milestone since its previous peak in November 2021.
This development has ignited interest among both crypto experts and casual investors, prompting them to explore opportunities within the altcoin space. Many are turning to lower-cap, high-potential altcoins in anticipation of substantial gains.
Historically, when the TOTAL2 chart experienced a similar breakout back in 2021—when it crossed the $475 billion threshold established in 2017—the altcoin market saw an impressive 260% increase. The current scenario mirrors that trajectory, characterized by the breaking of a four-year-old all-time high. Analysts like Merlijn The Trader have noted that this new bullish trend is part of a classic “Cup and Handle” pattern, which could imply a target market cap of $6 trillion, equating to a staggering 260% increase from current valuations.
In light of these promising market conditions, here are three notable altcoins that could be advantageous to include in a trading portfolio.
1. Bitcoin Hyper ($HYPER)
Positioned as a Layer 2 solution for Bitcoin, Bitcoin Hyper ($HYPER) is engineered to address Bitcoin’s limitations in transaction speed and costs. Unlike Bitcoin which processes a mere 7 transactions per second, Bitcoin Hyper aims to facilitate thousands of transactions simultaneously while maintaining Bitcoin’s robust security. With a Solana Virtual Machine integration, it enables developers to create smart contracts and decentralized applications, thus fostering a new Web3 environment on Bitcoin. The token is currently in presale, having raised over $15.66 million with each token priced at approximately $0.012915. Predictions suggest a possible rise to $0.32 by year-end, offering an extraordinary 2,400% return on investment.
2. Snorter Token ($SNORT)
Snorter Token ($SNORT) stands out in the market by supporting a new Telegram trading bot designed for meme coin investments. This innovative tool allows users to execute orders before liquidity is established, facilitating early participation in promising meme coin pumps, typically where substantial profits can be realized. With $3.9 million raised thus far, $SNORT aims to empower retail investors while providing protections against market vulnerabilities like rug pulls and sandwich attacks. Priced at $0.1043, predictions forecast significant growth, suggesting that a $100 investment could be worth $900 by the end of 2025.
3. Moo Deng ($MOODENG)
Moo Deng ($MOODENG) has emerged as a viral meme coin centered around a playful baby pygmy hippopotamus. After launching in September 2024 and experiencing a remarkable surge of nearly 3,000% shortly after, the token has undergone a correction but is now demonstrating bullish signs. Recently, it has gained over 58% in just a week and broken through a key resistance level. Current analysts suggest that $MOODENG is positioned for a potential 300% rally from its existing price.
While these altcoins present compelling investment opportunities, prospective investors are reminded of the inherent risks associated with cryptocurrency markets. Market volatility can dramatically influence investment outcomes, and conducting thorough research is highly recommended.
