Traders and investors usually wait for the altcoin season, the period when alternative cryptocurrencies (altcoins) outperform Bitcoin in price. This pattern is usually seen when Bitcoin’s dominance in the market is challenged, allowing coins with smaller market caps to gain some momentum. Currently, Ripple’s XRP has attracted a lot of attention, after its legal victories against the SEC. With this, there are other altcoins also following XRP’s success, with the potential to rise dramatically. As of December 10, 2024, XRP is priced at approximately $2.30 and is expected to increase more upward. These coins which are trading at mere pennies today, can reach up to $3, which poses a great opportunity for investors.
What is Altcoin Season?
Altcoin season usually follows a predictable pattern. When Bitcoin’s dominance declines in the total crypto market, investors tend to change their portfolios into altcoins. This shift usually brings a rapid price increase for smaller coins and attracts market enthusiasm. XRP’s recent surge has increased the interest in altcoins. So now the spotlight is also on other low-cap altcoins. Many of these share similarities in their basic makeup and also have value propositions that are unique to them.
Three Altcoins That Are Rising
Let’s have a look at these 3 altcoins that are emerging as strong competitors. They have their own unique use cases and huge potential for growth.
Hedera (HBAR)
Hedera is an altcoin that is gaining traction. It has high-speed transactions and an energy-efficient consensus mechanism. Hedera (HBAR) is mostly used by enterprises that require blockchain solutions. It has a governing council that includes tech giants like Google, IBM, and Boeing, which adds to its credibility and displays potential for long-term adoption. HBAR is currently trading under $0.3427, and it is developing its platform to compete with other top projects. The coin is expected to reach $0.447788 by 2025 and $3 by the end of q1 in 2025. With more enterprises adopting the coin, and its use increasing across industries, the coin could attract major capital inflow during the ongoing altcoin season, even pushing it to the $3 milestone.
Stellar (XLM)
Stellar’s Lumens (XLM) coin has been seen as a close competitor to XRP for a long time. Both coins aim to change cross-border payments, and Stellar is targeting underserved markets and financial inclusion. Stellar’s real-world utility is highlighted by its strong partnerships, like its collaborations with IBM and other financial institutions. Its current price remains under $0.5, but the coin is all set for growth with its strong ecosystem and continuous development. During the last altcoin season, lumens had a great rally, so if market conditions are good, it is not far from reaching $3.
RCO Finance (RCOF)
RCO Finance is an upcoming star in the Decentralized Finance (DeFi) ecosystem. It provides great financial services like lending, staking, and yield farming. RCO Finance wants to simplify DeFi for new and experienced users. It has a user-friendly platform and low transaction fees which makes it a strong competitor in a market that has established players like Uniswap and Aave dominating the field. It has a liquidity-sharing model that allows users to maximize returns while decreasing risks. The project also has a transparent governance system which has attracted attention. Here, token holders play an active role in making decisions through a decentralized voting system. It is currently trading at $0.077 and is expected to hit the $1 mark in 2025.
How To Trade This Altcoin Season?
If you are planning to take advantage of the altcoin season, make sure to keep a few things in mind. Avoid putting all your eggs in one basket, and spread investments across different altcoins to reduce risk. When choosing coins, look for strong use cases, active communities, and development teams. Make an effort to understand the fundamentals of each coin before investing. Have a clear exit strategy and don’t go according to market hype. Stay on top of news, market trends, and expert analysis to make informed decisions. These will help you in the long run.
The Bottom Line
Altcoin season is a great opportunity for investors to get some huge gains. With XRP bringing altcoins to the spotlight, projects like HBAR, XLM, and RCOF stand out as the best cryptos to go for. While reaching the $3 price point is quite ambitious, it is not fully out of reach considering these coins’ potential for growth in 2025. These altcoins might just disrupt the industry and redefine the crypto landscape. That said, it is important to remain cautious and realistic. Investing in cryptocurrency is a skill of balancing between being optimistic and cautious. If you are ready to take some risks and stay informed, you can reap your rewards this altcoin season.
Disclaimer: This is not financial advice and is written based on public information. Please stay cautious before investing.
