The crypto market started the week in bullish fashion, with Solana (SOL) and Ethereum (ETH) posting gains of over 7%. Other top altcoins have also seen a significant rise as crypto investors have become even more bullish.
This article will discuss the price rise of SOL and ETH and highlight five alternative cryptocurrencies that might also be worth buying while the market is hot.
Solana and Ethereum soar as cryptocurrency market turns bullish
Over the past 24 hours, Solana and Ethereum have seen substantial gains and are expected to continue their upward trajectory.
SOL is now trading around $114, up almost 10% since yesterday.
The layer-1 blockchain native crypto saw its market cap reach nearly $50 billion, with spot trading volume up 85%.
Meanwhile, ETH hit $2,685 earlier today, a 7% increase in the last 24 hours.
ETH’s market capitalization now exceeds $320 billion, cementing its status as the second-largest cryptocurrency behind Bitcoin (BTC).
The SOL and ETH price rises come amid a broader altcoin surge, with investor sentiment turning decidedly bullish over the past week.
Additionally, with the Crypto Fear & Greed Index now in “Extreme Greed” territory, there appears to be support for further upside soon.
What are the best coins to buy now as cryptocurrency prices rise?
As the cryptocurrency market posts strong gains, investors may be wondering what other coins are worth buying.
This section will highlight five cryptocurrencies beyond Solana and Ethereum that could also see their prices rise in the coming days and weeks.
1. Jupiter (JUP)
Jupiter (JUP) has become one of the most talked about cryptos amid the current altcoin rise.
As the governance token of the decentralized finance platform Jupiter on Solana, JUP allows holders to guide decisions on liquidity plans, token issuances, and other essential parameters.
The token also forms a crucial part of Jupiter’s offerings, such as perpetual swaps and its upcoming stablecoin, SUSD.
With 40% of the total offering distributed across nearly a million wallets, JUP has seen impressive adoption and usage thus far.
As Solana continues to see developer and user growth and Jupiter expands its DeFi offerings, JUP has significant room for price appreciation in 2024 and beyond.
2. Meme Kombat (MK)
Next on our list is Meme Kombat (MK), a pre-sale cryptocurrency hosted on the Ethereum blockchain.
Meme Kombat combines crypto gaming elements with the virality of meme coins, offering a virtual battle arena where users can bet on hilarious animated fights.
Each fight features two well-known coin mascots, with battle outcomes determined on-chain.
Besides betting, MK holders can also stake their tokens to earn passive income.
Over $8.6 million was raised from the Meme Kombat pre-sale, meaning the $10 million cap could be reached very soon.
With DEX listings on the horizon, Meme Kombat could be another crypto worth buying as the market continues its bullish surge.
Visit the Meme Kombat presale
3. Dymension (DYM)
As one of the pioneers in the field of “modular blockchain,” Dymension (DYM) is another crypto that might be worth considering.
Dymension is building a network of high-throughput “RollApps” – easily deployable blockchains tailored to specific use cases.
The DYM token serves as a native asset facilitating transactions, staking, governance, and cross-chain transfers.
With an innovative RollApp SDK enabling rapid blockchain creation, Dymension offers a simple solution to the scalability issues that hinder the adoption of dApps.
At the time of writing, DYM is trading at just $7.17 and recently surpassed a market cap of $1 billion, suggesting the token could explode soon.
4. Bitcoin Minetrix (BTCMTX)
Bitcoin Minetrix (BTCMTX) is the first Stake-to-Mine platform hosted on Ethereum.
Thanks to Bitcoin Minetrix, crypto enthusiasts can mine Bitcoin without the need for expensive computer hardware.
The process involves staking BTCMTX tokens to earn mining credits, which are then burned to receive hashing power.
Not only that, but BTCMTX holders can also generate additional income through staking – with returns currently set at 63% per year.
Over $10.7 million was raised during the Bitcoin Minetrix presale, with BTCMTX tokens on offer at the discounted rate of $0.0134.
Given the massive buzz around Bitcoin’s upcoming halving event, Bitcoin Minetrix could attract a huge amount of attention once it launches later this year.
Visit the Bitcoin Minetrix Presale
5. Manta Network (MANTA)
Wrapping up our list of the best coins to buy now is Manta Network (MANTA).
Manta is building dual modular arrays at Manta Pacific and Manta Atlantic.
The first is a layer 2 ecosystem for private Ethereum dApps, and the second is a high-speed standalone blockchain on Polkadot.
Powered by zero-knowledge proofs, Manta enables private and compliant on-chain transactions at scale.
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