Increase in Altcoin Index Outstrips Bitcoin, Reaching 80 - Top Altcoins to Invest in Currently
In the world of cryptocurrencies, an altcoin season has begun, marking a potential period of growth for digital assets beyond Bitcoin. The Altcoin Season Index (ASI) currently stands at 80, indicating that most altcoins are outperforming Bitcoin.
One project that has caught the attention of analysts is Starpower ($STAR), a decentralized energy protocol aiming to tackle global energy challenges via decentralized power networks and Renewable Energy Asset Wallets (RWAs). The profits from these real-world assets are tied directly to $STAR, helping to stabilize its price. Since last week, $STAR has surged by 163% likely due to its latest collaboration with GreenGiga.
Another project making waves is Bitcoin Hyper ($HYPER), a Layer-2 (L2) solution under development to enhance Bitcoin's scalability and usability. $HYPER has already raised $16.2M+ on presale and is forecasted to reach $0.32 this year. Once launched, Bitcoin Hyper's L2 network aims to bring smart contract execution, faster settlements, and lower fees to Bitcoin. $HYPER is the foundation of Bitcoin Hyper and will leverage a Canonical Bridge and the Solana Virtual Machine (SVM).
Meanwhile, the profits from Starpower's energy projects help to support the role of $STAR within the Starpower ecosystem, facilitating transactions, rewards, governance, and staking. Buying $HYPER currently at $0.012925 offers governance rights, 70% p/a staking rewards, and lower gas fees.
On the trading front, Snorter Bot, a new Telegram trading bot, is set to launch this quarter. Powered by the Snorter Token ($SNORT), the bot will initially operate on Solana, offering fees as low as 0.85% compared to rivals like Maestro and Trojan. $SNORT is currently available on presale for as low as $0.1045, and it is anticipated to reach $0.94 this year after being listed on top crypto exchanges. Snorter Bot plans to expand to Ethereum, BNB Chain, and other EVM-compatible networks for seamless trading across major networks.
In other news, Solana ($SOL) has increased by 8% since last week, while Crypto analyst 'Cryptollica' found similar chart patterns in the Total2 market cap in 2017 and 2021, which preceded massive rallies. This suggests that the current altcoin season could have a lasting impact on the cryptocurrency market.
As the altcoin season continues, investors and analysts will be keeping a close eye on projects like Starpower, Bitcoin Hyper, and Snorter Bot, as well as the overall market trends.
