6 Altcoins Worth a Look As Solana Price Nears ATH!

The crypto market is once again heating up with exciting movements. The price of Solana (SOL) is now approaching its record high of around Rp4.3 million, while Bitcoin's dominance has actually fallen for the first time in nearly three years.

The altseason signal is becoming increasingly clear, especially with the altcoin index having surpassed 75. At this point, many investors are starting to look at major altcoins that haven't yet joined the rally.

We'll discuss six altcoins worth watching as funds from Solana begin to flow into other assets. Let's take a look!

Read Also: 7 Effective Crypto Trading Methods for Beginners, Complete with Tips and Tricks

Why is Altseason a Key Moment?

Altseason is a period when altcoins move faster than Bitcoin. This phenomenon is usually marked by a decline in Bitcoin's dominance, as is currently the case.

Analyst Michaël van de Poppe called this the start of a new trend similar to 2019–2020, when altcoins experienced significant gains after a long period of bear market volatility.

The Altcoin Season Index, currently at 78, strongly indicates the start of a new phase. According to BitBull, the gap between this and previous altseasons is significantly longer than average.

This means the potential for significant movements in altcoins is increasingly open. Savvy investors typically seek assets that haven't yet surged significantly, as this is where the potential for profit is greatest.

Solana's nearing peak is a significant sign that fund rotation is imminent. Typically, liquidity from a rallying asset will flow into other major altcoins that are still undervalued. From this, we can determine which altcoins are worth considering.

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6 Potentially Shining Altcoins

Avalanche (AVAX)

Avalanche is often considered Solana's main competitor. After breaking through the Rp426,000 resistance level, AVAX is projected to reach Rp902,000 by the end of the year. Its support for the DeFi and NFT ecosystems makes it a strong contender.

On (ON)

Sui is a new project with technology similar to Solana. Its backing from major investors makes it attractive during the market's rotation phase. Its long-term growth potential is noteworthy.

Apartments (APT)

Aptos was born out of Facebook's former Libra team. Its focus on tokenization and real-world assets makes it poised to capitalize on emerging trends. Its connections to the Solana and Sui ecosystems also add to its appeal.

Chainlink (LINK)

Chainlink is a leader in the field of real-world asset tokenization. With the RWA trend gaining popularity, LINK has the potential to return to its previous peak of around Rp836,000.

Dogecoin (DOGE)

Despite being known as a meme coin, Dogecoin still holds significant appeal. Its valuation relative to Bitcoin suggests room for further upside. Funding into the meme coin sector could be a significant catalyst.

Cardano (ADA)

Cardano is a major altcoin that remains undervalued. Historically, ADA has typically rallied after other major altcoins have made a move. With a robust ecosystem, this opportunity is clearly present.

Conclusion

Solana's rise and Bitcoin's decline in dominance are strong signs of the start of altseason. Investors should pay attention to large-cap altcoins that haven't yet joined the rally. Avalanche, Sui, Aptos, Chainlink, Dogecoin, and Cardano are names to consider. Fund turnover in the crypto market is often rapid, so it's important to monitor movements early.

Want to take advantage of this opportunity? Start trading at Bittime Exchange or read the latest analysis at Bittime Blog. Don't miss this altseason momentum!

FAQ

What is altseason?

Altseason is a period when altcoins rise faster than Bitcoin.

Why is Bitcoin's dominance decline important?

A drop in Bitcoin dominance is usually the first sign of altseason.

Why is Solana getting attention?

Solana is close to hitting a record high and could trigger a rotation of funds into other altcoins.

Which altcoins are worth looking at?

Avalanche, Sui, Aptos, Chainlink, Dogecoin, and Cardano are strong candidates.

How to take advantage of altseason?

By choosing a major altcoin that hasn't yet rallied and starting trading on a trusted exchange.