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Will These 5 Altcoins RETURN to Their All-Time Highs? 🫵
Sacha
June 01, 2024
Some popular altcoins took the market by storm in the past.
We are now on the cusp of an altcoin season, with new trends, new tokenomics and new players.
Let’s explore the potential comeback of our favorite crypto assets!
1-Solana (SOL)
Last week, we talked a lot about Solana in our newsletter.
This high performance blockchain stood out during the last bull run but still hasn’t hit a new all-time high, despite its incredible comeback.
Tokenomics
Price Market Cap Circulating Supply | A.T.H. (Nov 2021) $259.96 ≈ $78.5 billion ≈ 302 million SOL | Current $167.01 ≈ $75.1 billion ≈ 449 million SOL |
Our opinion
The Market Cap at the peak of the previous bull run is similar to the current Market Cap. If the number of SOL hadn’t increased we would be around an ATH by now.
Having those numbers knowing that the altcoin season hasn’t even started yet, clearly shows a huge underlying interest in the Solana ecosystem.
Considering Solana’s active development, growing adoption, and strong community support, the probability of Solana returning to its ATH can be rated as
9.5 out of 10.
2-Dogecoin (DOGE)
The original memecoin and the true love of Elon Musk.
A real star in the last cycle, but with this new period of memecoin mania, will it shine again?
Tokenomics
Price Market Cap Circulating Supply | A.T.H. (May 2021) $0.7376 ≈ $95 billion ≈ 129 billion DOGE | Current $0.17 ≈ $24.5 billion ≈ 144 billion DOGE |
Our opinion
Dogecoin has maintained a significant presence in the cryptocurrency market due to its strong community engagement.
The cryptocurrency has also been adopted by several major companies for payments, including Tesla, AMC Theaters, and GameStop.
However, is Dogecoin still an attractive memecoin for new investors…?
Given Dogecoin’s solid community support, continued adoption for transactions, and the influence of high profile endorsements, the probability of Dogecoin returning to its ATH can be rated as
7 out of 10.
3-Cardano (ADA)
Cardano is the most polarizing blockchain out there. People either love it or hate it.
It is known for its research-driven approach and its incredible performance during the previous bull run.
Tokenomics
Price Market Cap Circulating Supply | A.T.H. (Sept 2021) $3.10 ≈ $97 billion ≈ 31 billion ADA | Current $0.46 ≈ $16.5 billion ≈ 35.7 billion ADA |
Our opinion
Cardano has continued to develop its ecosystem with significant upgrades such as the Alonzo and Vasil upgrades, during the bear market.
The project has an active development community and several partnerships aimed at expanding its real-world applications.
But Cardano faces fierce competition from other Layer-1 blockchains.
Considering Cardano’s ongoing development, robust technological foundation and devoted community, the probability of Cardano returning to its ATH can be rated as
7.5 out of 10.
4-Polkadot (DOT)
The famous blockchain protocol that connects multiple specialized blockchains into one unified network.
Last cycle, many coins built on Polkadot had been in the spotlights.
Tokenomics
Price Market Cap Circulating Supply | A.T.H. (Nov 2021) $54.98 ≈ $53 billion ≈ 964 million DOT | Current $7.40 ≈ $10.3 billion ≈ 1.4 billion DOT |
Our opinion
Polkadot has shown considerable resilience and innovation in the blockchain space.
Its unique technology, such as the parachain slots and the relay chain, offers incredible scalability and interoperability benefits.
Considering Polkadot having one of the strongest technological foundation and supporting a broad ecosystem, the probability of Polkadot returning to its ATH can be rated as
8 out of 10.
5-MultiversX (EGLD)
MultiversX, previously known as Elrond, aims to create a new internet economy by offering fast, secure, and scalable blockchain solutions.
MultiversX’s price went parabolic last cycle but has seen a huge crash since.
Tokenomics
Price Market Cap Circulating Supply | A.T.H. (Nov 2021) $545.64 ≈ $11.5 billion ≈ 21 million EGLD | Current $40.66 ≈ $1.1 billion ≈ 27 million EGLD |
Our opinion
Recent developments include partnerships and upgrades aimed at enhancing user experience and network capabilities.
However, the coin is still more than 10x away from its ATH and the community is not satisfied with the recent marketing efforts of the project.
Given MultiversX’s difficulties in getting back on track but also considering their technological advancements and expanding ecosystem, the probability of returning to its ATH can be rated as
6 out of 10.
We sincerely hope that these five projects, which we personally love, will reach an ATH again.
The crypto market is buzzing with excitement, and all signs point to this bull run being like no other we’ve seen before.
Until then,
Enjoy the ride,
TheCryptoPicks ❤️