The crypto market has started the week bullishly, with Solana (SOL) and Ethereum (ETH) posting gains of over 7%. Other top altcoins also saw significant boosts as crypto investors became even more optimistic.
This article will discuss the price rises of SOL and ETH and highlight five alternative cryptocurrencies that could also be worth buying while the market is hot.
Solana & Ethereum Surge as Cryptocurrency Market Turns Bullish
Over the past 24 hours, Solana and Ethereum have posted substantial gains and look likely to continue their upward trajectory.
SOL now trades around $114, up nearly 10% since yesterday.
The layer-1 blockchain’s native crypto has seen its market cap swell to almost $50 billion, with spot trading volume surging by 85%.
Meanwhile, ETH hit $2,685 earlier today, marking a 7% increase in the past 24 hours.
ETH’s market cap now exceeds $320 billion, cementing its status as the second-largest cryptocurrency behind Bitcoin (BTC).
The price rises of SOL and ETH come amid a broader altcoin surge, with investor sentiment turning decidedly bullish over the past week.
Moreover, with the Crypto Fear & Greed Index now in “Extreme Greed” territory, there seems to be support for further upside soon.
What Are the Best Coins to Buy Now as Crypto 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 pump in the days and weeks ahead.
1. Jupiter (JUP)
Jupiter (JUP) has emerged as one of the most talked-about cryptos amid the ongoing altcoin surge.
As the governance token of the Jupiter decentralized finance platform on Solana, JUP allows holders to guide decisions on liquidity plans, token emissions, and other essential parameters.
The token also serves as a crucial part of Jupiter’s offerings, like perpetual swaps and its upcoming stablecoin, SUSD.
With 40% of the total supply airdropped to nearly 1 million wallets, JUP has seen impressive adoption and usage so far.
As Solana continues seeing developer and user growth and Jupiter builds out 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 presale cryptocurrency hosted on the Ethereum blockchain.
Meme Kombat combines elements of crypto gaming with meme coin virality, offering a virtual battle arena where users can bet on hilarious animated fights.
Each fight features two well-known meme coin mascots, with fight outcomes determined on-chain.
Aside from wagering, MK holders can also stake their tokens to earn passive income.
More than $8.6 million has been raised through Meme Kombat’s presale, meaning the hard cap of $10 million 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.
3. Dymension (DYM)
As one of the pioneers in the “modular blockchain” space, Dymension (DYM) is another crypto that may be worth considering.
Dymension is building a network of high-speed “RollApps” – easily deployable blockchains tailored for specific use cases.
The DYM token serves as the native asset facilitating transactions, staking, governance, and cross-chain transfers.
With an innovative RollApp Development Kit allowing rapid blockchain creation, Dymension offers an easy solution to scalability issues that hamper the adoption of dApps.
At the time of writing, DYM is trading for just $7.17 and has recently passed a market cap of $1 billion – suggesting that the token could be gearing up to explode soon.
4. Bitcoin Minetrix (BTCMTX)
Bitcoin Minetrix (BTCMTX) is a first-of-its-kind “Stake-to-Mine” platform hosted on Ethereum.
Using Bitcoin Minetrix, crypto enthusiasts can mine Bitcoin without needing expensive computing hardware.
The process involves staking BTCMTX tokens to earn mining credits, which are then burned to receive hash power.
Not only that, but BTCMTX holders can also generate further tokenized income through staking – with yields currently set at 63% per year.
Over $10.7 million has been raised in Bitcoin Minetrix’s 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 enormous attention once launched later this year.
Visit the Bitcoin Minetrix Presale
5. Manta Network (MANTA)
Concluding our list of the best coins to buy now is Manta Network (MANTA).
Manta is building dual modular networks in Manta Pacific and Manta Atlantic.
The former is a layer-2 ecosystem for private Ethereum dApps, and the latter is a high-speed standalone blockchain on Polkadot.
Powered by zero-knowledge proofs, Manta allows private and compliant on-chain transactions at scale.
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