Over the years, Bitcoin has been the preferred crypto for institutional investors entering the crypto space. However, this sentiment appears to be changing following the approval of spot Ethereum ETFs by the US SEC.
According to the digital asset manager, CoinShares, the investment inflows into Ethereum have been on the rise hitting $33.5 million last week, as $2 billion entered the market in May. In the previous ten weeks, Ethereum had recorded cumulative outflows of more than $200 million. This change in sentiment signals a big shift for Ethereum and, by extension, altcoins.
A Big Altcoin Season is Around the Corner
The recent CoinShares report has been confirmed by another famous crypto analyst, Ali Martinez. In a recent report, Martinez has reported that more than $3 billion in Ethereum has left exchanges since the SEC approved the spot ETFs.
In this regard, Moustache, a popular crypto trader, points out that this may result in the largest altcoin season in the history of the crypto market. Given that trading for Ether ETFs has not commenced, many investors are searching for the best altcoins to invest in to generate more profit. The top picks for this altseason are $APORK, Hedera, Pepe, Stacks, and Chainlink.
Top 5 Altcoins To Hold for Explosive Gains This Altseason
Ahead of the altcoin season, which has been predicted to begin this summer, the five best altcoins to buy have been identified as:
Angry Pepe Fork (APORK)
In 2024, Solana produced some of the best memecoins, and Angry Pepe Fork (APORK) is set to be the next big thing. Angry Pepe Fork has been picked as one of the top memecoin to invest in for this altseason because of several reasons. Firstly, it brings utility to the meme coin market with its brand new “Conquer To Earn” model.
Angry Pepe Fork also creates an opportunity for meme enthusiasts to earn collaboratively as the project rids the market of zombie coins. The more projects are defeated by the Angry Pepe Fork community, the higher the APYs those who stake are going to be, making APORK one of the best memecoins to hold.
In addition to its utility and earning opportunity, APORK will also benefit from the hype that drives Pepe, one of the biggest names in the crypto market. Because of these factors, APORK has been picked to become the next most sought-after Solana-based meme coin with explosive growth potential.
In the first round of its presale, APORK is priced at only $0.014 per coin, making it a great buy. If you missed the massive opportunity of the Pepe Coin rally, APORK presents an even bigger chance for you. Based on its forecasts and price target as high as $3 for this altseason, APORK could yield gains of more than 100x for investors who get in early.
Hedera (HBAR)
Hedera (HBAR) has been in the news for its expanding adoption several times over the past few months. The largest one was the speculation about a possible cooperation with BlackRock. While that was proven to be false, Hedera Hashgraph can be potentially utilized by Citi Group, a banking giant.
Despite the increasing integration of the technology, Hedera has partnered with Qatar to create a digital assets studio. Given the rapid interest in the asset, market analysts are pretty sure that the Hedera price could surge a rally from $0.1 to as much as $1. This 10x potential places HBAR at the top list of the best altcoins coins to buy during this year’s altseason.
Pepe (PEPE)
Pepe (PEPE) has been one of the top crypto coins on the radar of every investor, thanks to its recent explosive price rally. YTD, the Pepe coin price has increased by more than 900%, but crypto analysts have pointed out that its fundaments support a further hike in price.
Although the price of Pepe has declined by more than 10% since its ATH, EyeOnChain has reported an increase in whale activity for Pepe. With a rise in whale activity coinciding with the previous Pepe Coin price pumps, market analysts are optimistic the price of the meme coin can increase by another 5x in this altseason.
Stacks (STX)
Stacks (STX) has been selected as one of the top altcoins to invest in for this bull market because of the important position it has been taking in the Bitcoin world. DeFi is now one of the largest trends for the Bitcoin economy, and Stacks, the top layer two network, is helping to drive this movement.
The value of assets locked in Stacks has been increasing lately and, as of April, reached $180 million. With more DeFi projects starting on Bitcoin, the L2 network as a suitable place of operation, the Stacks coin is expected to rise even higher. As of this time, STX is currently valued at $2; however, many experts are expecting it to be above $10 by the end of the year.
Chainlink (LINK)
In 2024, up to this point, Chainlink (LINK) has underperformed most of the top altcoins of the year with a YTD gain of 12%. Real-world asset tokenization could be a major trend that can affect the Chainlink price in the coming altseason.
Chainlink is among the leaders of this multi-trillion industry, which has recently collaborated with JP Morgan, Templeton, and BNY Mellon to speed up the tokenization of funds. It is expected that as more projects integrate with Chainlink, LINK will rise by more than 4x to hit a new ATH above $50 in this altseason.
Conclusion
With the biggest altseason in history expected to begin soon, savvy investors are already positioning themselves to earn massive profits. The best altcoins that can yield the biggest returns for investors are APORK, Hedera, Chainlink, Pepe, and Stacks. However, Angry Pepe Fork is presenting a chance for investors to get early access to the next big thing in the crypto space.
