With less than 1000 blocks left for Bitcoin Halving, the altcoins present a shift in the underlying gears to fuel the next sprint. As the anticipations of a bull run in Bitcoin with the Halving event grow intense, the altcoin season could follow behind it.
With such optimism in the market, altcoins showcase the potential for a 2x-5x jump. Smart money and investors are constantly looking for such altcoins.
So, let’s examine our choice of top altcoins to buy next week for a minimum profit of 2x to 5x.
Bittensor (TAO)
Bittensor is a decentralized, blockchain-powered protocol that facilitates collaborative training of machine learning models. Within this open-source network, models are incentivized and rewarded with TAO tokens based on the value of the information they contribute.
With a 150% return in 2024, the bull run in the TAO token price shows a massive jump this year. As the bitcoin halving comes closer, the altcoin shows immense potential for a comeback.
As per the trend-based Fibonacci level, the TAO price is in the pullback phase. With a bullish turnaround, the altcoin surged to the $1 mark for a massive jump. If the surge finds volume support, the altcoin could aim for $5 this week.
Safepal (SFP)
Launched in 2018 and backed by Binance, SafePal is a cryptocurrency wallet offering both hardware and software solutions managed through the SafePal App. It supports a wide range of crypto-assets, including tokens on Ethereum, Binance Smart Chain, and TRON.
With a massive turnaround rally for Safepal, the SFP token has jumped from $0.18 last year to $1 this week. However, the buyers fail to sustain dominance above $1 leading to a pullback to $0.86.
Nevertheless, the altcoin shows an immense jump of 15%, as the overall market is under correction. Considering the uptrend manages to overcome the $1 barrier, the SFP price could surge 2x-5x for a massive jump.
Ondo (ONDO)
ONDO token holders play a crucial role in guiding the direction of the Ondo DAO, which aims to make institutional-grade finance accessible to all. They possess specific rights related to Flux Finance, which is governed by the Ondo DAO.
With a 14% intraday jump, the ONDO token swims against the market-wide bearish wave. The ongoing pullback is trading closer to the 50D EMA and $0.70 mark.
As per the trend-based Fibonacci levels, the ONDO price could skyrocket in the coming week to prolong the prevailing uptrend. If the uptrend manages to surpass the $0.97 peak, the breakout rally could easily top the $1 psychological mark.
Optimistically, the uptrend could result in a massive jump of 2x to 5x surge thanks to the low market cap.
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