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The cryptocurrency market has finally kicked off the bull cycle. After nearly seven months of sideways momentum, Bitcoin has reached a fresh all-time high (ATH) of $123,231, and capital is now flowing swiftly into altcoins.
Total altcoin market cap chart. Source: TradingView
The total altcoin market cap has reached a staggering $1.56 trillion and is trading just below its lifetime high. On both weekly and monthly timeframes, Ethereum has outperformed Bitcoin, confirming that the altcoin supercycle has started.
In this guide, we analyze the 4 best altcoins to buy before August to make a 1000x return.
Bitcoin Hyper: Bitcoin Layer-2 Presale Crosses $4.5M
While Bitcoin leads the bull market, Bitcoin Hyper is generating immense interest as a leveraged bet on Bitcoin.
Bitcoin is highly valued due to its exceptional security and decentralization; however, it lacks scalability, which hinders developers from creating DeFi applications on its vast network. Just imagine if these issues are eliminated–Bitcoin’s $2 trillion capital will become a goldmine for developers for different use cases, including meme coin trading.
To address this issue, Bitcoin Hyper is building the first-ever Bitcoin layer-2 blockchain, which will significantly enhance Bitcoin’s speed, reduce transaction costs, and alleviate scalability constraints.
With this upgrade, Bitcoin’s transactions will take milliseconds, not minutes, and fees will be significantly lower. But how is Bitcoin Hyper going to do this? The platform utilizes the Solana Virtual Machine (SVM) – the same technology stack known for its high throughput, sub-second finality, and ultra-low fees.
Currently in its presale stage, Bitcoin Hyper has emerged as one of the best altcoins to buy. It has already raised over $4.5 million in just a few days and is currently priced at just $0.012375. If this momentum carries into its launch, HYPER could give more than 1,000x ROI.
Dogwifhat: Will the Hype Return in August?
Dogewifhat (WIF) is currently trading at $1.09, reflecting a sharp 30% surge in the past 30 days. However, it has experienced some profit booking around the $1.3 resistance level. Despite this downturn, the WIF token still maintains a strong bullish trend as it is just a natural pullback.
Image Courtesy: TradingView
In the past, Dogwifhat has already demonstrated impressive past rallies after correction, including a 1,450% price surge on Bybit in April 2024 and a 76% increase in October.
As a Solana-based meme coin, WIF has gained attention due to the growing popularity of Solana’s ecosystem. However, its volatility remains a significant concern with rapid price swings influenced by market hype.
Token6900: Successor of SPX6900
Meme coins are the prime contenders for explosive growth in the altcoins season. Token6900 (T6900) is leading the meme coin pack this time with pure humour and community strength.
The project isn’t taking the usual route of a DeFi angle or a messy roadmap packed with technical jargon. Instead, it is focusing on pure meme coin sentiments, similar to the early meme era. This means, no apologies, no fake promises—hyper on internet humor, meme madness, and a community that’s hungry for the next big thing.
Token6900 is the next evolution of SPX6900, which has already delivered over 1,000x gains since its launch. The project also offers attractive staking options with high APYs, which is a killer combination with the exponential growth potential of meme coins.
T6900 has an ICO hard cap of $5 million, and over $1 million has already been sold in the ongoing presale. Currently, T6900 tokens are priced at $0.006675, but the price is increasing every two days, making the coin more valuable with each passing day.
XRP: New All-Time High, $5 Coming?
The XRP price has reached a new ATH of $3.66, after a big correction. It has been experiencing bullish momentum after the broader market started to rebound strongly. The token has been a solid contender in the cryptocurrency space, supported by Ripple’s ongoing efforts to enhance cross-border payments.
The regulatory battle with the SEC has previously posed intense selling pressure for the XRP price, but it now appears to be cooling off. With the upcoming bullish cycle, the XRP price may experience further upward movement, making it a promising altcoin in August.
Currently, it is trading at $3.09, after the profit booking started from the ATH. If the momentum sustains and XRP breaks the $3.66 supply level, we might see it achieve the $5 target soon.
Bottom Line
Dogwifhat hype and the XRP price remain strong factors in the crypto market, but their reliance on external factors makes them unpredictable.
However, newer and smaller coins, such as Bitcoin Hyper and Token6900, offer an innovative approach with advanced technology and community backing, which could make them an attractive option for investors seeking explosive long-term gains.
