The end of the first phase of the altseason was recently marked by the meme coin frenzy on different layers one and two seeking to trigger respective on-chain activity. Despite Bitcoin’s (BTC) dominance showing signs of rallying to 60 percent shortly, crypto investors have remained focused on the altcoin market for maximum gains. 

Furthermore, both TOTAL3 and TOTAL2 have completed a 30 percent correction following the impressive pump during the first quarter of 2024. As a result, it is safe to assume most of the altcoins that have not entered the price discovery phase will retest their respective all-time highs (ATH) soon.

Why Focus on Altseason Ahead

Bitcoin’s dominance is about to drop to historical lows as institutional investors, led by Chinese investors through Hong Kong, show more interest in the Web3 industry. Notably, the ETH/BTC pair has been forming lower lows on the weekly time frame, coupled with a rising divergence in the Relative Strength Index (RSI). 

It is prudent for every investor to consider Ether-based DeFi tokens, the meme coin industry, RWA-based altcoins, and GamiFi projects in the Toncoin (TON) ecosystem. Moreover, tokenizing real-world assets (RWA) has revolutionized global finance through smart contracts, rare in the Bitcoin ecosystem.

Top Altcoins to Keep in Your Radar

The altcoin market is vast, but some projects generally have higher return on investment opportunities. All altcoins with Bitcoin pairs trading on their bear market lows will have a huge uproar in the coming months.

Some of the altcoins with impressive fundamentals and are retesting historical lows against BTC pairs include Chainlink (LINK), Polkadot (DOT), Ripple-backed XRP, and Filecoin (FIL).

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