Top 5 Altcoins Worth Investing in as Bitcoin Dominance Approaches Peak
The upcoming cryptocurrency bull market is expected to be primarily driven by altcoins. Analysts suggest that Bitcoin has yet to reach its peak for this cycle, with some forecasting a price surge that could see it soar as high as $150,000 by early 2025. Nevertheless, many experts agree that Bitcoin Dominance is likely nearing its peak and may begin to decline in the months ahead, setting the stage for a rally in altcoins. Currently, Bitcoin Dominance (BTC.D) is at 57.3%, marking the highest level it has reached in the past four years.
According to crypto analyst K A L E O, “The Bitcoin Dominance cycle top seems to be at hand. It’s time for altcoins to shine from here on out.”
### Top 5 Altcoins to Consider
Over the last few years, Bitcoin’s performance has overshadowed that of Ethereum and other altcoins. However, this trend could shift in the near future. The recent downturn in the crypto market has, paradoxically, created a golden opportunity for investors who had been sitting on the sidelines. Numerous promising altcoins appear to have hit their local bottoms and are now positioned for the next bull market.
As the Federal Reserve is anticipated to begin cutting interest rates in September, we may witness a rotation of capital from Bitcoin into large-cap and mid-cap altcoins. The potential of low-cap gems, including new meme coins, should not be overlooked either.
Here are five altcoins to watch before the next crypto bull run kicks off:
#### 1. XRP (XRP)
XRP is our top recommendation for altcoins to buy ahead of September. Ripple has achieved a significant legal victory against the U.S. Securities and Exchange Commission (SEC), with Judge Analisa Torres imposing a fine of only $125 million for alleged illegal institutional sales, far less than the SEC’s demand of $1.9 billion. This outcome could potentially conclude the prolonged Ripple vs. SEC litigation, which has faced bipartisan criticism for its anti-crypto stance. Notably, former President Donald Trump has vowed to dismiss SEC Chairman Gary Gensler if he returns to office.
Given these circumstances, an appeal from the SEC appears improbable. With the lawsuit behind it, XRP could now aim for its all-time high, suggesting a possible growth of 6x from its current position.
XRP has already surged nearly 24% since the ruling, trading at $0.62 currently. A break above the $0.66 resistance level could clear the path to $1 by September.
#### 2. Pepe (PEPE)
Pepe remains a highly appealing altcoin in anticipation of the next bull market. Investing in the Pepe coin is not just about its fundamentals but also reflects the bullish sentiment surrounding Ethereum. Following the introduction of spot ETH ETFs, analysts believe Ethereum could reach $10,000 in this cycle, offering new investors the chance for 4x returns.
Alternatively, investors might consider Pepe, which has been trading similarly to leveraged ETH. Experts predict that Pepe could achieve a market capitalization of $50 billion in the coming months, translating to nearly 16x returns for new investors.
Following the recent market crash, the price of Pepe has dipped to $0.0000082, over 50% lower than its all-time high, creating a prime buying opportunity for those looking to enter.
#### 3. Pepe Unchained (PEPU)
Pepe Unchained is the first new meme coin making our list of top altcoins. The demand for frog-themed meme coins remains robust, as evidenced by the explosive growth of coins like PeiPei, PLONKE, and PepeFork. Early investors in these frog-themed tokens have reaped substantial profits, and there is no sign of this trend slowing down.
Savvy investors believe Pepe Unchained could be poised for significant growth. Its presale has already amassed an impressive $7.6 million within just a few weeks. PEPU aims to be a strong alternative to Pepe by launching a native Layer-2 blockchain, which addresses the high transaction costs on Ethereum and offers attractive staking rewards.
Experts predict that Pepe Unchained could experience substantial adoption post-launch, potentially delivering 100x returns for early investors.
#### 4. Floki (FLOKI)
Much like Pepe, Floki has demonstrated a close correlation with Ethereum, emerging as a promising bet on both ETH and BNB. This multi-chain meme coin operates as both ERC-20 and BEP-20 tokens and stands out with its utility offerings, including FlokiFi Locker, staking, and the play-to-earn Valhalla game.
Recently, Floki announced the launch of its own trading bot, further enhancing its appeal. Consequently, it remains highly regarded as one of the best altcoins to consider before the next bull market.
Currently trading at $0.00012, Floki is approximately 63% below its all-time high, making it an attractive entry point for sidelined investors. Some analysts suggest that Floki could reach a market cap of $20 billion during this cycle, which would imply nearly 17x returns for new buyers.
#### 5. PlayDoge (PLAY)
Last but not least, PlayDoge rounds out our list of top altcoins to invest in ahead of the next bull run. This token has captured the attention of savvy investors due to its striking resemblance to Floki. PlayDoge is also a multi-chain meme coin, available on both Ethereum and BNB Smart Chain.
It offers multi-chain staking with rewards that surpass the industry average. Following in the footsteps of Floki, Notcoin, and Hamster Kombat, PlayDoge is set to launch its own play-to-earn game. The buzz surrounding its Tamagotchi-style gameplay and enticing rewards has generated substantial interest.
During its presale, PlayDoge raised over $6 million, reflecting strong demand. Unlike Floki, however, it is a low-cap token, and experts believe it could offer returns of up to 100x.
Embark on your investment journey with PlayDoge’s presale.
