Which Altcoins Should You Buy Now Top Picks for the Upcoming Altseason

The recent entry of Bitcoin (BTC) into the price discovery phase of the 2024/2025 crypto bull run has brought new life to the altcoin market, led by Ethereum (ETH), Dogecoin (DOGE), and Solana (SOL). Excluding Bitcoin and Ethereum, the crypto market cap has rebounded from a crucial support level and reached approximately $717 billion on Monday, November 11, during the mid-London session.

With Bitcoin dominance indicating a potential reversal in the near future, as it has reached a significant psychological resistance level of around 60 percent, the highly anticipated altseason could soon enter its parabolic phase.

Furthermore, the strong support of pro-crypto US candidates, led by Donald Trump, along with notable cash inflows into crypto investment products, has reinvigorated the ongoing bullish outlook for the crypto market.

Top Altcoins to Buy Ahead

Memecoins: Floki (FLOKI)

Following in the footsteps of Dogecoin (DOGE) and Shiba Inu (SHIB), as expected, Floki (FLOKI) has experienced a surge. After retesting the September highs, it appears ready for another push.

Boom! $FLOKI. Just retested those September highs, looks ready for another push.
[Image: FLOKI chart]
(Source: https://t.co/qCG3TJD78Q)
[Image: FLOKI chart]
(Source: Jelle (@CryptoJelleNL) on Twitter, November 11, 2024)

After Dogecoin (DOGE) experienced an 85 percent rally last week, other meme coins have followed suit, with Floki (FLOKI) leading the way. This meme coin, which has over 417,000 on-chain holders, saw a surge of over 44 percent last week, breaking out of a macro-falling wedge. With a fully diluted valuation of about $1.76 billion and a daily average traded volume of about $1.4 billion, this mid-cap altcoin is on the verge of entering the parabolic phase.

DeFi Space: PancakeSwap (CAKE)

The DeFi space continues to be the driving force behind the mainstream adoption of digital assets, and experts believe that related altcoins will perform well in the coming months, particularly after anticipated regulatory clarity in the United States.

In this category, PancakeSwap (CAKE) is a small-cap altcoin, with a fully diluted valuation of about $769 million and a daily average traded volume of about $162 million. Already listed on Binance, the PancakeSwap project has grown into a major decentralized exchange (DEX) with over $1.27 billion in total value locked (TVL).

Layer One (L1): Filecoin (FIL)

I missed out on the $2.94 entry, but I still have a bullish outlook on Filecoin (FIL) at this level. The lower boundary has remained strong for nearly two years, setting us up for a potential rebound to $9.50, which would be a 145% gain. If we see a breakout above the upper boundary, FIL could reach $30.

Missed out on the $2.94 entry, but I’m still bullish on #Filecoin $FIL at this level. The lower boundary has held strong for almost two years, setting us up for a potential rebound to $9.50 — a 145% gain. If we see a breakout above the upper boundary, #FIL could reach $30.
[Image: FIL chart]
(Source: Ali (@ali_charts) on Twitter, November 9, 2024)

The layer-one sector serves as an ecosystem for the tokenization of real-world assets (RWA) and the development of DeFi, which is expected to unlock trillions of dollars in the near future. In this category, Filecoin (FIL) has shown signs of a potential bullish breakout in the near term after being trapped in a macro-falling trend.

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Altcoins
Bitcoin
Price Analysis

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