- DePIN tokens including FIL, RENDER, IO, and AKT will skyrocket soon.
- AI tokens NEAR and TAO along with meme projects SHIB and BRETT will follow.
- Gaming tokens IMX, ILV, and SUPER are also expected to turn bullish this cycle.
The crypto market participants will soon witness the explosion of altcoins as the current cycle continues. Leading altcoins from different sectors of the market are expected to perform well and make multiple millionaires during this cycle, just like the last one.
While investors expect Bitcoin (BTC) to reach $100,000 by the end of this cycle, altcoins have been relatively quiet since the past few months.
As per a post on social media platform X (formerly Twitter) by “Altcoin Daily,” several altcoin sectors are poised for an explosive price surge. These include Decentralized Physical Infrastructure Network (DePIN) protocols like Filecoin (FIL), Render (RENDER), Akash Network (AKT), and io.net (IO). DePIN has gained popularity as a term for projects focused on decentralizing control and ownership of physical infrastructure in the real world.
In addition to DePIN, real-world asset (RWA) tokenization projects, including Ondo (ONDO) and OriginTrail (TRAC), are predicted to experience significant growth. Gaming protocols like ImmutableX (IMX), SuperVerse (SUPER), and Illuvium (ILV) are also on the radar for potential price explosions. Further, meme projects like Shiba Inu (SHIB) and Brett (BRETT), along with artificial intelligence-focused projects like Near Protocol (NEAR) and Bittensor (TAO), are expected to make headlines by the end of this cycle in 2025.
Some altcoins from this list have already shown impressive gains in the past year since August 2023. NEAR is up 269.24%, RENDER has surged 222.65%, TAO has risen 328.25%, BRETT has climbed 221.47%, AKT has soared 421.10%, ONDO has jumped 477.30%, TRACK has increased 172.95%, and SUPER has skyrocketed 575.54%. The worst-performing asset among those mentioned by Altcoin Daily is IO, down 47.72% since August 2023 and 10% in the past 24 hours.
As reported earlier, prominent analyst “Moustache” has stated that altcoins have formed a “Cup and Handle” pattern over the years and a bullish 2024 seems very likely. The analyst confirmed that the pattern formation was completed in mid-2024 and a bullish breakout is expected.
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