In the past month, the cryptocurrency market has experienced fluctuations in both upward and downward movements. With altcoins showing price revivals, regulatory announcements, and numerous launches, the first half of 2024 has been eventful.
As we approach the second half of the year, several altcoins are showing signs of potential bullish performances in the coming months.
Ethereum (ETH)
Leading altcoin Ethereum (ETH) has seen a monthly price increase of 21.19% and has broken multiple resistance levels, according to TradingView data. With a year-to-date increase of 54.68%, ETH is showing potential for a bullish trend. Currently trading at $3,518, the recent approval of spot ETH ETF listings by the US SEC has caused a price rally, leading to ETH breaking the $3K resistance level. Analysts predict that ETH could hit $4K in 2024, making it one of the most anticipated crypto assets for the second half of the year.
Toncoin (TON)
TON, the native token of The Open Network (TON) blockchain, has garnered attention in the past month despite a slight decrease in monthly price performance. The integration of stablecoin USDT and other collaborations are expected to fuel a price surge. Despite a recent price dip, TON shows potential for bullish performances in the coming weeks, currently trading at $7.10.
Litecoin (LTC)
Litecoin has attracted market attention due to an increase in on-chain activity, despite a slight price decline in the past month. With a notable increase in the number of transactions, Litecoin has shown promising growth, currently trading at $77.12.
FLOKI (FLOKI)
FLOKI, a popular memecoin, has seen a significant price increase of 45% in the past month, hitting an all-time high. The recent launch of FLOKI’s native Name Service indicates further potential for upward pressure in the coming months, currently trading at $0.0002383.
Uniswap (UNI)
Uniswap faced challenges in the first half of 2024, including SEC claims and a lawsuit. Despite this, UNI has shown a price increase of 32% in the last 30 days, with trading volume reaching new highs. Currently trading at $9.28, UNI has a market cap of $6 billion.
Pepe (PEPE)
Pepe, a meme coin, has seen a significant price surge in the past month, reaching a new all-time high. The token has reclaimed its position as the third-largest memecoin in the market, showing potential for further bullish trends in the future, currently trading at $0.00001326.
Polygon (MATIC)
MATIC, the native token of the Polygon blockchain, has shown modest performance in the first half of 2024. Despite a price decline, the integration with the Circle platform and the launch of Polygon Miden Alpha Testnet indicate potential for growth in the future, currently trading at $0.6262.
Solana (SOL)
Solana has shown positive price performance in the first half of 2024, with discussions of an ETF entry. The token has seen a price increase of 6.44% in the past month, with attention from leading celebrities. Currently trading at $152.82, SOL has potential for further growth.
Shiba Inu (SHIB)
Shiba Inu, the second largest memecoin, has shown consistent interest among investors, despite a recent price dip. With significant growth in users on the Shibarium blockchain, SHIB is expected to reach new highs in the coming months, currently trading at $0.00002182.
XRP
The Ripple ecosystem has faced regulatory scrutiny in the first half of 2024, with a slight price decline. Despite this, the launch of the Ripple USD stablecoin and discussions about a spot XRP ETF indicate potential for growth in the future, currently trading at $0.4829.
Overall, the crypto market is expected to see advancements in the second half of the year, with a positive outlook towards mainstream adoption. Please note that the information provided in this article is not financial advice.
