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Cryptocurrency News Articles

5 Altcoins to Stack Before July as Bitcoin Struggles to Remain Above $65K

Jun 23, 2024 at 01:51 pm

Analyst Virtual Bacon took to his latest video and gave a list of altcoins to stack before July. He said that all the altcoins featured in the list have strong

5 Altcoins to Stack Before July as Bitcoin Struggles to Remain Above $65K

Analyst Virtual Bacon has shared his top five altcoins to stack before July, highlighting upcoming catalyst events that could drive prices higher.

1. Fantom (FTM)

Fantom, a layer-1 blockchain, is preparing to launch a major upgrade called Sonic. This new blockchain will be significantly faster than the current chain, capable of handling over 2,000 transactions per second (TPS), a vast improvement from the current 200 TPS.

Moreover, Fantom has secured funding from several major DeFi protocols, ensuring strong support for its new protocols. Currently, FTM is trading at around $0.24, and considering its potential, it could easily reach $0.7 to $0.8.

If we factor in a 10x return from its current market cap of $3 billion, FTM could reach a market cap of $7 to $8 billion, and at 20x, it could reach $15 to $20 billion.

2. Connext Network (xCNT)

Connext Network, a decentralized interoperability protocol, recently launched a major upgrade called Everclear. This new protocol simplifies cross-chain transactions, allowing users to interact with different blockchains without switching networks or having to buy new tokens for gas.

Despite strong partnerships and a team backed by ConsenSys, Connext’s current valuation is relatively low compared to competitors. This makes it an attractive investment as it gains more listings and adoption.

Currently, xCNT is trading at around $0.14, and considering its potential, it could easily reach $0.3 to $04. Moreover, if we consider a 10x return from its current market cap of $400 million, xCNT could reach a market cap of $4 to $5 billion.

3. World Mobile Token (WMT)

World Mobile, a decentralized connectivity provider, initially built its network on Cardano but is now planning to expand to Ethereum-compatible chains like Arbitrum and Base. This move will integrate WMT into popular DeFi ecosystems.

WMT’s price chart is also showing strength, having broken through a key resistance level. Currently, WMT is trading at around $0.08, and considering its potential, it could easily reach $0.12 to $0.14. Moreover, if we consider a 10x return from its current market cap of $300 million, WMT could reach a market cap of $3 to $4 billion.

4. Foxy (FOXY)

Foxy, a meme coin, is integrated into Linea and MetaMask airdrops, enhancing its credibility. For example, users can claim Foxy tokens through Linea’s campaigns and MetaMask swaps. This meme coin is also listed on major exchanges like OKX.

Moreover, Foxy is backed by Linea and ConsenSys, unlike other meme coins launched by anonymous teams, making it a safer option. Currently, FOXY is trading at around $0.002, and considering its potential, it could easily reach $0.004 to $0.005.

5. Puff (PUFF)

Puff, the official meme coin of the Mantle ecosystem, has the highest potential in the short term. Recently, it was announced that Puff will be launching a new governance token for Mantle’s liquid staking protocol. This move will add further value and utility to the project.

Currently, PUFF is trading at around $0.003, and considering its potential, it could easily reach $0.006 to $0.007. Moreover, if we consider a 10x return from its current market cap of $200 million, PUFF could reach a market cap of $2 to $3 billion.

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