As the price of Bitcoin remains strong and nears its 2021 highs, a number of altcoins are also seeing gains, with Ethereum leading the surge. As a result, the dominance of these altcoins is rising, attracting the attention of investors eager for the upcoming altcoin season. As the buying trend increases, there is a chance that your $10 investment could turn into $100 in March for the following altcoins:
The altcoin season index is approaching 75.
The dominance of altcoins has increased significantly after Bitcoin consolidated near $63,000 in the past 24 hours, pushing the value of altcoins higher. This surge has seen the altcoin’s dominance rise by more than 4% in just two days, now reaching 12.74%.
Additionally, the Altcoin Seasonal Index, a key indicator, has seen notable improvement, rising from a low of 55 to the current 71. As this indicator approaches the critical level of 75, which marks the start of altcoin season, more investors are shifting their focus to promising altcoins.
dogwifehat (WIF)
Dogwifhat (WIF), a well-known meme coin on the Solana network, will be added to the popular trading platform Robinhood. WIF has become the fastest expanding dog-themed cryptocurrency this cycle due to the support it has received from key figures in the cryptocurrency community.
In particular, Mimcoin recorded a rise of about 500% in just one month, and was also the first Mimcoin to exceed $1. As a result, this altcoin has the potential to turn a $10 investment into $100 in March.
Terra Luna Classic (LUNC)
Last week, Terra Classic (LUNC) experienced a surge of over 50%, raising hopes for a revival of the once-popular token. There is a general belief that the entire Terra ecosystem is now recovering, including the previously unsuccessful stablecoin TerraClassicUSD (USTC). This too has yielded significant benefits.
If the cryptocurrency market continues to rise and BTC price heads towards ATH, LUNC holders could see a surge in profits.
Floki
The Floki Inu (FLOKI) meme coin is gaining the attention of an enthusiastic community and cryptocurrency with branding inspired by the Shiba Inu dog meme. Similar to Dogecoin’s viral success, it stands out for its community focus and meme appeal. Floki Inu introduces token economics such as reflection and liquidity acquisition to reward holders and maintain liquidity.
We plan to leverage social media and community engagement for growth, and increase utility through decentralized exchange integration and NFT market development.
Floki Inu is pumping hard despite gaining almost 300% in just one month, so this could push its price further higher and see its profits skyrocket 10x.
Solana (SUN)
Designed to support decentralized finance (DeFi) applications, decentralized apps (DApps), and smart contracts, Solana operates on an innovative combination of proof-of-stake and proof-of-history mechanisms. This hybrid approach allows Solana to execute transactions quickly and securely. The platform is powered by its native token, SOL.
Solana’s price has surged more than 30% over the past month, and its returns could surge tenfold in March if buyers continue to accumulate the altcoin.