The bull run has begun and the king crypto Bitcoin is close to smashing the $100k mark. Bitcoin is called the digital gold of the 21st century and is also the pioneer of the crypto market. But what makes it different from the other cryptocurrencies is its limited supply of 21 million from which 89% is in circulation.
Other than its limited supply it has a massive cult-like community that supports BTC like a fervent movement. This community is not just composed of investors but also developers, businesses, and enthusiasts who believe in Bitcoin’s potential to revolutionize the financial system.
From the Biggest billionaires like Elon Musk, and Michael J. Saylor to President Donald Trump endorse Bitcoin openly. As now Donald Trump becomes the president of the U.S. next four years will be a game-changer for the crypto space.
With Trump’s victory the bull run started and Beside Bitcoin, altcoins and meme coins went with crazy pumps, but the people out there want to know which crypto will become the next Bitcoin. In this article, we’ll explore the cryptocurrencies that have the potential to become the next Bitcoin.
Ethereum (ETH)
Ethereum (ETH) is the second biggest cryptocurrency and also known as the digital silver. Ethereum has the biggest market cap after Bitcoin. ETh has some amazing features and use cases like decentralized finance (DeFi) and non-fungible tokens (NFT)
Source: Tradingview
At the time of writing, Ethereum was trading at the price of $3,133 with an intraday gain of 1.72%. It holds a market cap of $377.83 Billion. Currently, ETH is priced 35% lower than its all-time high, which suggests that it may be a good opportunity for entry.
Moreover, on the daily technical chart, the price words trading above the key exponential moving averages of 50 days and 200 days indicate the bullish momentum in the price.
Additionally, the relative strength indicator is also in the bullish zone at 62.55 which also suggests bullish moves in upcoming sessions. On the weekly time frame, ETH is trading above Key EMAs and suggests bullishness in the weekly trend.
Solana (SOL)
Solana is also known as the “Ethereum killer” due to its scalability and low transaction fees. Solana has gained traction for its high-speed transactions and growing NFT ecosystem. Solana is popular among developers building blockchain games and NFT platforms.
Moreover, SOL is doing great in terms of expanding its business and also seeing increased institutional interest, with notable partnerships and upcoming launches.
The SOL developers are also focusing on mobile applications, with new apps from Jupiter, DRiP, and PhotoFinish LIVE, as well as mobile devices like Solana Mobile’s Seeker which make Solana differ from other cryptocurrencies.
Source: Tradingview
At the time of writing, Solana was trading at the price of 4241.56 with an intraday gain of 2.36%. SOL is trading 7.04% low from its all-time high price of $260.06. On the daily technical chart the SOL price was trading above the key EMAs and the RSI is also trading in the bullish zone at 73.28 suggesting bullish momentum in the SOL price.
Cardano (ADA)
Cardano focuses on sustainability, scalability, and interoperability. Cardano uses a peer-reviewed approach to development and emphasizes real-world use cases, such as digital identity in Africa.
Source: Tradingview
At press time Cardano was trading at the price of $0.78816 with an intraday drawdown of 1.67%. Last week ADA surged by almost 36% and last month it was up by 120% showing bullish dominance in the trend.
Cardano is currently trading at 74% lower than its all-time high of $3.10 which is a good entry point. On the daily technical chart ADA is trading above the key moving averages and the RSI indicator is trading in the bullish zone at 79.29 suggesting the bullish momentum in the price.
Final Thoughts
While Bitcoin remains the undisputed king of cryptocurrencies, Ethereum, Solana, and Cardano each present unique value propositions that could drive significant growth in the coming years. Ethereum, with its robust DeFi and NFT ecosystems, Solana, known for its scalability and low transaction fees, and Cardano, focusing on sustainability and real-world applications, are all strong contenders. However, It is crucial not to overlook the risks associated with investing in cryptocurrency.
