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Embracing the exciting phase of the altcoin season, characterized by high market activity and tremendous potential, is a significant priority for astute cryptocurrency investors. Altcoins, a term used to define all cryptocurrencies excluding Bitcoin (BTC), are expected to perform better than BTC and Ethereum (ETH) during the altcoin season when significant upsurges are observed. However, keeping up with recent market trends and data is indispensable when pinpointing altcoins primed for a rise. In this context, we have compiled three altcoins that can particularly perform well during an altcoin season and offer significant returns to their investors.
Cardano (ADA)
ADA serves as the native asset of Cardano, one of the first implementers of the Proof of Stake (PoS) consensus mechanism. With a primary focus on security, scalability, and sustainability, Cardano aims to promote the use of a more inclusive decentralized finance (DeFi) ecosystem by providing a robust platform for the development of smart contracts and decentralized applications (dApps). As of the writing of this article, ADA is trading at $0.2974 with a 1.21% increase in the last 24 hours, and the $0.30 level presents a significant threshold. The leading altcoin is currently priced 10 times lower than its all-time high of $3.10, reached on September 2, 2021, providing it with the potential for further price increases.
Solana (SOL)
Solana (SOL) is a high-performance blockchain platform designed for decentralized applications and DeFi, standing out with its impressive scalability, capable of processing thousands of transactions per second at low transaction fees. At the time of writing, SOL is changing hands at $19.16 with a 1.32% decrease in the last 24 hours. The all-time high for SOL was recorded at $259.52 in November 2021, indicating its current pricing far below this level and signifying it as an opportunity zone.
Pepe (PEPE)
Pepe (PEPE) is a memecoin that recorded one of the most surprising price increases. PEPE, the clear winner of the memecoin hype earlier this year, managed to become the third-largest memecoin by market value following Dogecoin (DOGE) and Shiba Inu. Trading at $0.000001754 with a 7.83% increase in the last 24 hours, PEPE holds the potential to make a significant breakout in a potential altcoin season, even though it’s trading far below its all-time high of $0.000004408.
