With the start of the US elections, the cryptocurrency market is on the verge of a possible biggest bull rally, believes a well-known crypto trader.
According to a popular trader in the crypto community under the nickname BLADE on X (formerly Twitter), the price of Bitcoin (BTC) will rise to $100 thousand as early as November 2024. This should serve as a powerful catalyst for the growth of altcoins and memcoins.
Top altcoins with growth potential
BLADE analyzed more than 500 tokens and highlighted several projects that can show 100-fold growth. His main focus is memcoins and coins from the artificial intelligence segment.
BUCKS
The BUCKS project is inspired by the iconic cartoon character. At its peak, its capitalization was $7 million, but by the time of writing, it had dropped to $3 million. Nevertheless, the crypto trader believes that memcoin has great potential for further growth.
TRUMP
MAGA (TRUMP) is a memecoin associated with US presidential candidate Donald Trump. If it wins, the token could show a 10-fold increase, BLADE believes.
Currently, the capitalization of the “meme” coin TRUMP is $157 million.
BRAINLET
BRAINLET is a memecoin project inspired by a popular Internet meme (pictured below). It is supported by an active community as well as a strong marketing campaign.
The crypto trader highlights the strong media component of the token. This contributes to the stable popularity of the coin in the market. BRAINLET’s capitalization now exceeds $20.7 million.
ZEREBRO
ZEREBRO is another memecoin project focused on promoting art that is generated by artificial intelligence (AI). According to BLADE, this is attracting attention from both art fans and crypto enthusiasts.
According to CoinGeckoZEREBRO’s capitalization is $21.4 million.
BAN
Comedian (BAN) is a classic memecoin based on the concept of simplicity. Despite the lack of a complex idea, the project attracted a fairly large audience. The market value of BAN has now reached $22.4 million.
0X0
0x0.ai: AI Smart Contract (0X0) is an AI platform for auditing smart contracts on Solidity. The project is popular among developers and companies interested in code security.
Market value of 0X0 is $83.3 million.
CGPT
ChainGPT (CGPT) provides users with access to various AI products. These products include chatbots, non-fungible token (NFT) generators, and various smart contract services.
According to BLADE, the diversity of ChainGPT’s products makes the project interesting to a wide audience, especially amid the hype around AI. Currently, CGPT’s capitalization exceeds $80.1 million.
OCEAN
The Ocean Protocol platform allows users to share and monetize their data. The market value of OCEAN at the time of writing is $139.5 million.
Is altseason coming?
According to BLADE forecasts, the US presidential election could be a trigger for significant growth in both Bitcoin and altcoins. A successful vote could reduce BTC’s dominance and drive liquidity into riskier assets, including memcoins.
Previously, popular crypto trader Benjamin Cohen warned that the altcoin market would face a powerful correction in the near future. However, after it, according to him, the crypto market will experience equally powerful growth.
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Source: Cryptocurrency
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