Bitcoin is set for a summer rally to $250K, which lays the way for some altcoins to make huge gains.
As top analysts reveal exciting Bitcoin price predictions, smart money traders have also begun betting on promising altcoins that could benefit the most.
Bitcoin Tipped to $250K
Bitcoin reaching $250K this summer seems like a long stretch, but a respected analyst believes it’s entirely plausible.
Prominent quant trader PlanB argues that Bitcoin will reach $270K this cycle and will one day be worth $1 million.
It’s a bold prediction, but he’s not the only one with high hopes. Tom Lee, Head of Research at Fundstrat Global Advisors, also backs Bitcoin to hit $250K this cycle.
If Bitcoin achieves this gain, it will mark well over a 2x return from its current price. However, as seasoned investors understand, a rising Bitcoin price is significantly bullish for altcoins.
Analysts Brace For Altcoin Season as BTC.d Tapers
While Bitcoin is expected to generate big gains, the lower market capitalizations of altcoins mean they can rise faster.
Not just that, but analysts have noticed that Bitcoin dominance is showing signs of weakness. This is the measure of Bitcoin’s market share relative to altcoins, and a weakening Bitcoin dominance suggests an altcoin season is approaching.
During altcoin seasons, Bitcoin is massively outperformed by other cryptocurrencies. So considering that Bitcoin is expected to see over a 2x gain this summer, it’s clear that altcoins are primed for massive returns.
Overall, it appears to be a great time to hold exposure to digital assets. However, not all altcoins will perform equally. While some will explode substantially, others may struggle to keep up with the market average. Choosing the right altcoins could be the difference between life-changing money and moderate gains.
So with that in mind, what are the best cryptos to buy now? Here are our top picks.
Best Altcoins to Buy as Bitcoin Rallies
BTC Bull Token is a Bitcoin-themed meme coin that pays real Bitcoin rewards.
The project tracks Bitcoin’s price and will run airdrops at key milestones. The first will occur when Bitcoin hits $150K, and the next at $200K. There will also be a $BTCBULL airdrop when Bitcoin reaches the $250K milestone.
So with analysts predicting a $250K Bitcoin this year, those seeking to secure airdrop access shouldn’t wait around. BTC Bull Token also has a staking mechanism that currently provides a 64% APY, but this will decrease as the staking pool grows.
The project is undergoing a presale and has raised $6.4 million so far.
With a Bitcoin-themed branding and real Bitcoin rewards, BTC Bull Token separates itself from other meme coins. So, factoring in its presale stage, all signs point to strong $BTCBULL gains this year.
Reserve Rights is a decentralized finance (DeFi) project that introduces a concept called Decentralized Token Folios.
The project’s website explains that it’s like an index fund, but for crypto. It allows investors to easily diversify their crypto exposure.
There are different baskets for each crypto sector; some are higher risk, and some are lower.
It’s not easy to stay updated with current market trends, which is why many investors prefer index funds. Reserve Rights is crypto’s answer to TradFi’s index fund model, so it could certainly see strong adoption as the Bitcoin price rises.
Flare is another altcoin that could provide big gains as Bitcoin rises. It’s a separate layer 1 blockchain that’s smart contract-enabled and focuses on secure bridging.
Cryptocurrencies such as Bitcoin, XRP, and Dogecoin can be bridged to Flare and are over-collateralized at a ratio of 1.3x, helping protect users’ funds.
This opens up new possibilities for Bitcoin investors, such as deploying their $BTC into DeFi apps and earning yield.
Flare also innovates in other ways, like its Flare Data Connector feature, which securely connects verified external blockchain and internet data to Flare.
This has created new use cases such as prediction markets for real-world events.
This article is for informational purposes only and does not provide financial advice. Cryptocurrencies are highly volatile, and the market can be unpredictable. Always perform thorough research before making any cryptocurrency-related decisions.