The famous crypto analyst Michaël Van De Poppe has predicted a bull run for Altcoins in 2024. In this article, we will discuss his insightful prediction about the major altcoins set to explode this year.
What Are Altcoins?
Altcoins encompass all the crypto coins except the Bitcoin. They are an alternative to the prominence of Bitcoin. Altcoins have dedicated chains on which they are built. Many forks in the altcoin market were devised to overcome the pitfalls of their original versions.
The first altcoin in the market was the Litecoin, which was a fork of the Bitcoin. It used the Scrypt proof-of-work consensus mechanism to increase energy efficiency and speed compared to Bitcoin. Ether (ETH) is another prominent altcoin that is as good as Bitcoin.
Altcoins belong to different categories based on their use cases. There are payment tokens, stablecoins, security tokens, utility tokens, governance tokens, and meme coins. Altcoins are a good option if you are planning to diversify your investment portfolio or invest for specific causes.
Must Buy Altcoins In 2024
Here is a list of top altcoins that are predicted by Michaël Van De Poppe to create a huge hype.
CYBRO
CYBRO is expected to emerge as a profitable cryptocurrency in 2024. It is built on the Blast network and helps users increase their earnings through AI-based yield aggregators. It is of much use to newbie investors as the platform enthuses the users with multiple investment strategies.
CYBRO tokens are a profitable purchase as their presale price is as low as $0.03. Given the chance of CYBRO to explode in the altcoin market in the coming months, CYBRO is seen as a token with great growth potential. The expected Return on Investment (ROI) of the tokens is 1200%. On top of that, CYBRO offers special staking rewards, airdrops, cashback, reduced trading and lending fees, and an in-house insurance program to help its investors.
The table below shows the token distribution of CYBRO tokens, which have a total supply of 1,000,000,000.
| Purpose of Allocation | Percentage of Token Allocation | Amount Allocated |
| Pre-sale | 21.5% | 215,000,000 |
| Private Round Sale | 10% | 100,000,000 |
| Public Sale | 2% | 20,000,000 |
| Liquidity | 8% | 80,000,000 |
| Airdrop and Rewards | 5% | 50,000,000 |
| Staking Program | 10% | 100,000,000 |
| Team and Advisors | 18% | 180,000,000 |
| Marketing | 8% | 80,000,000 |
| KOL | 3% | 30,000,000 |
| Reserve | 14.5% | 145,000,000 |
Ethereum
Ethereum is the next major altcoin to explode in 2024. It is highly competitive in its price compared to the crypto giant Bitcoin. The price of Ethereum is expected to gain by 85% in the remaining months of 2024. Ethereum’s Market Value to Realized Value (MVRV) ratio is rallying higher than that of Bitcoin.
The macroeconomic factors such as the rate cuts by the Federal Reserve give a boost to investors who may consider ETH as a more profitable investment than the USD. Ethereum being an established blockchain with a well-set roadmap is expected to benefit from the capital inflow to crypto following the rate cuts.
The value of Ethereum is also related to the success of various layer 2 blockchains built on the Ethereum platform. Ethereum is the testing ground for the various ERC-20-compliant tokens. Ethereum also uses the technique of sharding to improve the speed and cost-effectiveness of the platform. If the current bullish trends continue, the ETH price will cross $4000 by the end of 2024.
Solana
Solana is a highly scalable and efficient altcoin that has been listed by Michaël Van De Poppe. Solana as a native blockchain is comparable to Ethereum in its use cases. It is the developer’s haven as it supports various programming languages.
The current price of SOL tokens is $136.06, which is expected to reach an average price of $293.76 and a maximum price of $301.23 in the coming months of 2024. This price rise is powered by the diverse use cases of the SOL tokens such as paying transaction fees and securing the network through staking.
Also, Read: Altcoin Season Index: What Is It? How Will It Impact The Bitcoin Market?
The Bottom Line
The last half of 2024 is expected to be a profitable period for altcoin investors. The altcoins such as the one mentioned in this article are expected to be highly profitable compared to the Bitcoin. This is a great opportunity for prospective investors to try their hand in the altcoin industry.
