Besides XRP, ADA, and ATOM, these altcoins have the potential to rise 100x this cycle.

By Crypto Gloom On Mar 7, 2024

The cryptocurrency market appears to have entered the early stages of the 2024 bull market, and may possibly be heading towards its end. This is expected to bring a strong bullish wave into the space, which could cause most token prices to break through their previous ATHs.

The price of Bitcoin (BTC) recently broke a new ATH at $69,170, so it makes more sense to consider whether now might be a good time to enter, as the star cryptocurrency has already seen a strong move.

Although the cycle has just begun, altcoins have not yet started to surge and BTC price is still far from its higher target. Amid soaring bullish sentiment, some altcoins have tremendous potential to become the next 100x gems. Four key sectors could thrive in the coming cycle: AI, GameFi, Layer-2, and Memecoins. Below are some of the tokens that require attention:

enqAI (enqAI)Formerly known as NoiseGPT, stands for uncensored and unbiased AI. With a market capitalization of just $110.49 million, this token has more room to grow.

JTO Network (JTO)), supports the Solana ecosystem through a variety of products with the JitoSOL liquid staking pool and a micro market capitalization of approximately $342 million.

Chain GPT (CGPT) An advanced AI infrastructure developing AI-based technologies for Web3, blockchain, and crypto spaces. Market Cap: ~$156 million

STARKNET (STRK)With zk-Rollup acting as L2, the market capitalization of dApps can scale to over $1 billion.

Celestia (TIA)) is a modular blockchain that simplifies the blockchain launch process and improves scalability. TIA’s market capitalization is approximately $2.6 billion.

Heroes of Mavia It is a Web3 MMO strategy game with a market capitalization of approximately $191 million.

Mill Lady Meme Coin (LADYS) It is a growing memecoin with a market capitalization of just $84 million.

Satoshi VM (SAVM) Bitcoin ZK Rollup L2 using BTC for gas costs. Mainnet is expected to be launched soon.

The stages of a bull market are very clear, with traders first pouring massive liquidity into Bitcoin and then expanding into Ethereum. More high-cap altcoins soared, followed by low-cap tokens. The first phase of the cycle appears to have passed and altcoins are expected to expand as liquidity has already entered high-cap tokens.

Current market dynamics suggest that new altcoins are growing better than older ones, so the above-mentioned tokens could be considered for the upcoming bull market.