Bitcoin’s dominance is coming under pressure, and a top analyst sees altcoins completely taking over in June.
After a near vertical ascent in Bitcoin dominance since December 2022, Joao Wedson, CEO of Alphractal, predicts that a full-blown alt season will unfold next month.
“Even if $BTC drops in the coming weeks, most altcoins have already bottomed out, and it’s unlikely they’ll fall below recent price levels. Some of Bitcoin’s $2 trillion market cap will likely flow into altcoins. So make sure to analyze your altcoin against $BTC pairs,” wrote Wedson on X.
Many altcoins are already soaring this month. Moo Deng is up 700%, Etheruem is up 60%, and Monero is up 55%, for example. Yet these gains may only be a fraction of what’s to come in an full-speed altcoin season.
So, what is the best crypto to buy now? Here are our top four picks:
Solaxy
Solaxy is building the world’s first Solana layer 2 blockchain.
It aims to tackle Solana’s congestion, which causes longer wait times and increased rates of transaction failures during periods of peak network activity.
As altcoin season emerges, it’ll attract new users to the crypto of space, many of whom will use the Solana blockchain thanks to its meme coin infrastructure. Solaxy will enable Solana to continue operating flawlessly, even with a deeper user base.
It’s a setup that ensures Solana’s continued unbarred growth, which will unlock billions of dollars in new value.
And it’s also worth noting that Solaxy recently launched its test network and successfully executed 1 million transactions. This doesn’t just show the team’s technical prowess; it signals that we’re quickly approaching a new era of scalability for Solana.
Solaxy is undergoing a presale where it has raised $36 million so far.
This makes Solaxy the biggest Solana presale in history, underlining just how much potential the project holds.
BTC Bull Token
While altcoins may outperform Bitcoin in June, Bitcoin always shows strength over a long-enough time frame.
But BTC Bull Token is a project with the best of both worlds. Its holders benefit from the explosive growth of an altcoin while also enjoying Bitcoin’s long-term benefits.
That’s because it’s a Bitcoin-themed coin that will pay its holders real Bitcoin reward.
The project will airdrop $BTC and $BTCBULL to community members at Bitcoin price milestones.
It’s a way to incentivize long–term holding and also boost Bitcoin ownership among meme coin fans.
BTC Bull Token is also undergoing a presale and has raised $5.8 million so far.
With its current early stage, meme coin allure, and real Bitcoin rewards, it’s easy to see why BTC Bull Token could be a top performer in the coming months.
Pepe
As mentioned, Ethereum has been a big gainer this month with a 60% rally.
However, one of the smartest ways to capitalise on Ethereum’s growth is through the network’s second-largest meme coin, Pepe.
But what’s unique about Pepe is that it also holds an instrumental place in meme coin history.
Pepe launched in early 2023 and kickstarted the meme coin season which eventually led to today’s meme coin climate.
It occurred at a time when crypto prices were struggling and most investors faced steep losses due to the 2022 bear market. Pepe’s entrance marked a vibe shift and may have even played a role in sparking the bull market.
Fast-forward to today, Pepe’s price often mimics Ethereum’s, except with increased volatility. Investors anticipating Ethereum growth this year could invest in Pepe to maximize their gains.
Kaspa
Kaspa is a layer 1 blockchain that tackles the “blockchain trilemma” problem. This is a theory that blockchains must sacrifice either speed, security, or decentralization to improve the others.
It’s generally accepted that Ethereum and Bitcoin sacrifice speed, while more scalable networks tend to sacrifice decentralization.
Kaspa introduces a new concept called BlockDAG, a modified Proof-of-Work consensus mechanism. Rather than computing blocks sequentially, Kaspa can compute them simultaneously, enabling it to increase scalability while maintaining decentralization and security.
And the network has just had its biggest upgrade yet: Crescendo. This took Kaspa from 1 block per second (BPS) to 10 BPS.
The Kaspa team also highlighted that anyone with a full Kaspa node can mine $KAS with just a standard internet connection, which it says “realizes in practice Satoshi’s vision of complete autonomy and self-sovereignty for every network participant.”
This is a major step toward decentralized and secure blockchain scaling, which is why $KAS could be one of the best crypto to buy now.
Disclaimer: This is a Press Release provided by a third party who is responsible for the content. Please conduct your own research before taking any action based on the content.
