Six Altcoin Narratives to Monitor and Position Yourself for a Projected Altcoin Surge

Aaron Arnold, the host of the Altcoin Daily channel, recently highlighted six altcoin narratives to monitor and position oneself for a projected altcoin surge.

Altcoin Daily host Aaron Arnold recently shared his insights on six key altcoin narratives to follow in preparation for an anticipated altcoin surge.

Despite a significant bearish shift in the crypto market sentiment on Friday, Arnold believes that the market may be poised for a substantial rally leading into 2025. He points to a hint from FED Chair Jerome Powell about a potential policy rate reduction in September, which he thinks could bode well for altcoins and other high-risk assets.

While Arnold is bullish on Ethereum and Solana, he emphasizes the importance of exploring emerging altcoins in various trends to maximize potential gains.

Here's a closer look at five coins in DePIN to watch, according to Arnold.

DePIN, or Decentralized Physical Infrastructure Networks, is an emerging altcoin narrative that utilizes blockchain and smart contracts to automate processes, ensuring transparency and efficiency. Participants contribute valuable resources such as energy, computing power, or connectivity, and in return, they are rewarded with tokens.

Arnold highlights five leading altcoins in the DePIN space: Aethir (ATH), Filecoin (FIL), Render (RNDR), Akash Network (AKT), and IO. Notably, Render and Filecoin are established players in the crypto market, with Render boasting an impressive 190% yearly performance.

Among these, Aethir (ATH) and Filecoin (FIL) are particularly noteworthy. Aethir is a decentralized wireless network that aims to provide affordable and accessible internet connectivity on a global scale. It utilizes blockchain technology to automate processes and ensure transparency in network operations. On the other hand, Filecoin is a decentralized file storage and retrieval service that leverages blockchain to securely store and efficiently locate data. It boasts a vast network of users and a strong community.

Four Tokens in RWAs

Another altcoin narrative to watch, according to Arnold, is Real-World Assets (RWAs). This concept involves tangible assets outside the digital realm, such as real estate, bonds, commodities, and machinery. In the context of blockchain, RWAs refer to crypto tokens that represent these physical and traditional financial assets.

Arnold spotlights promising projects like Ondo Finance (ONDO). Notably, ONDO trades at $0.7783 following a remarkable 380% gain since the start of the year. Other emerging projects in the RWAs space include PRO, TRU, and TRAC.

Ondo Finance (ONDO) is a decentralized finance (DeFi) protocol that enables users to mint, trade, and manage real-world asset (RWA) tokens on the Ethereum blockchain. It aims to bridge the gap between traditional finance and Web3, allowing users to access a wide range of RWAs, including tokenized bonds, real estate, and fine art. Another project to watch in this narrative is Polymath (POLY), which focuses on security tokens and aims to simplify the process of creating and managing compliant digital securities.

Four Assets in Gaming Sector

The third altcoin narrative highlighted by Arnold is the crypto gaming sector, where players can trade their in-game assets to other players or even take them with them to other games. This concept has gained traction among gamers and Web3 enthusiasts alike.

Arnold mentions tokens making waves in the gaming sector, including Immutable (IMX). Other players include STARS, EXVG, SUPER, and ILV. Among these, Immutable (IMX) is a layer-2 scaling solution for NFTs on Ethereum, enabling fast, low-cost, and carbon-neutral transactions. It caters specifically to the gaming industry, facilitating the creation, trading, and use of NFTs within games.

Meme Coin

The meme coin space has been a standout performer this year. Emphatically, the meme coin narrative delivered the best returns for investors in the first quarter of the year.

According to Arnold, top meme coins to watch include Shiba Inu (SHIB), Cardano’s meme coins SNEK, Base blockchain’s premier meme coins BRETT, and the emerging meme FOXY. Among these, Shiba Inu (SHIB) is a dogecoin-inspired meme coin that has garnered immense popularity and community support. It aims to create a decentralized meme token ecosystem with a focus on community building and fun.

AI in Crypto

Arnold’s fifth altcoin narrative is the AI sector, which fuses the power of artificial intelligence with the transparency of blockchain. In this category, Arnold cited Near Protocol (NEAR) and Bittensor (TAO), which are currently leading the market. Additionally, he mentions emerging AI-based crypto projects, such as CGPT and AIT, which are gaining traction.

In the AI-crypto narrative, Near Protocol (NEAR) is a layer-1 blockchain that boasts a user-friendly interface and a developer-centric approach. It aims to provide fast and scalable transactions, catering to decentralized applications (dApps) and Web3 projects. Another project to watch is Bittensor (TAO), a decentralized tensor computation network that combines the power of blockchain with the efficiency of