Santiment Unveils Prime Altcoin Picks for the Upcoming Bull Market

As Bitcoin (BTC) flirted with the $67,000 mark on Friday, the altcoin sector, spearheaded by Ethereum (ETH), exhibited a wave of bullish enthusiasm. Many altcoins are nearing the peak of a multi-week consolidation phase that began earlier this year. On-chain metrics further reveal a notable increase in institutional investors who have been strategically accumulating assets in anticipation of the exuberant phase of the crypto bull market.

Moreover, numerous altcoins have successfully retested key bullish breakouts from a broader downward trend. With Bitcoin dominance poised for a potential reversal, it is wise to focus on the altcoin market to optimize profit opportunities.

$Btc
#Btc
Dominance Consolidating In This Range Now Expecting Downside Breakout In Case Of Successful Breakout
#Alts
Can Yield Significant Returns In The Midterm
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— World Of Charts (@WorldOfCharts1)
July 24, 2024

### Top Altcoins to Consider for Maximum Gains

Market intelligence firm Santiment advises crypto investors to keep a close watch on the average trading returns of various assets. “If you believe the markets are on the brink of a surge, history indicates that investing in assets where traders have faced the most challenges tends to have a higher likelihood of yielding substantial returns,” Santiment remarked.

After a thorough analysis of market data, Santiment has identified Shiba Inu (SHIB), Uniswap (UNI), Polygon (MATIC), Chainlink (LINK), Cardano (ADA), and XRP, which is backed by Ripple, as the premier large-cap altcoins to consider for future profit maximization.

Conversely, Santiment cautioned that Toncoin (TON), Bitcoin, Ethereum (ETH), and Dogecoin (DOGE) carry a higher risk for those aiming to capitalize on profits during the anticipated altseason.

### Market Overview

In the days ahead, heightened crypto volatility is anticipated as traders gear up for the upcoming FOMC statements. Additionally, historical trends suggest that August might pose bearish challenges for the broader crypto market. However, the industry is likely to adopt a bullish stance in the fourth quarter, driven by the U.S. elections and expected interest rate reductions.

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Altcoins
Price Analysis