Cryptocurrency analysis company Layergg has published a list of altcoins to watch in the second half of 2024 for a possible altcoin rally.
Layergg, who believes that the altcoin season will come soon, perhaps in the second half of 2024 or the beginning of 2025, stated that he will follow the seven altcoins closely.
The analysis company listed these altcoins as follows: “ZK, ZRO, MKR, IO, LISTA, AERO and JTO”
1-zkSync (ZK)
Numerous L2 projects are expected to emerge by 2025, and among them, ZK-Rollups is likely to be the ultimate winner.
zkSync is undoubtedly the first crypto in the zk-rollup space. zkSync could be an attractive new cryptocurrency to invest in in preparation for the bull cycle.
2- LayerZero (ZRO)
LayerZero is one of the projects that received significant investment from venture capitalists this cycle. LayerZero's interoperability product plays a crucial role in tokenization and is likely to be adopted by other institutions, as seen in its collaboration with JP Morgan.
3-io. net (IO)
Artificial intelligence is one of the most important narratives of this year and Decentralized GPU Computing is a sector where one can invest in AI, Gaming and DePIN simultaneously. Compared to competing projects, IOnet's market share is relatively low and it offers high-quality products.
4-Lista DAO (LISTA)
SEC risks and pressure in crypto are slowly being resolved, and many of the SEC's allegations against Binance are being dismissed.
ListaDAO has a similar position to Lido/Jito on the BNB Chain and is poised to benefit the most if BNB rises.
Historically, Binance Launchpad and Launchpool projects have delivered high returns, and the mega-dip this cycle is expected to continue this trend.
5-Mker DAO (MKR)
Maker is the third highest-grossing crypto app after ETH and SOL.
6-AerodromeFi (AERO)
With over 110 million customers, Coinbase's smart wallet will provide a mechanism for onboarding millions of users directly onto the Base Chain. Coinbase Ventures consistently positions $AERO in the market, positioning Aerodrome as the best large-cap altcoin for Base.
7-Jito (JTO)
As the end of the year approaches, the optimistic outlook on the Solana ETF is expected to become even more prominent. Jito captured almost half of Solana's LST market share. The project generated $176 million in revenue last year and remains undervalued compared to LDO and AAVE.
Additionally, Jito will be the first mover in Solana Restakeing, which is expected to increase both its utility and revenue.
Finally, Layergg stated that the previous altcoin watch list is still valid and said that these altcoins are LINK, CFG, MKR, FXS, RNDR, AKT, EIGEN, PENDLE, HELIO and TIA.
Portfolio Update:
L2 – $ZK
Interoperability – $ZRO
RWA – $MKR
AI – $IO
BNB – $LISTA
Base – $AERO
SOL- $JTOI've chosen 7 projects in preparation for the upcoming 2024~2025.
– Numerous L2 projects are expected to surface by 2025, and among them, ZK-Rollups… pic.twitter.com/J9gYzFp12P
— Layergg (@layerggofficial) July 26, 2024
*This is not investment advice.
