The altseason in 2024 is expected to bring significant gains for altcoins, according to analysts like Santiment. Moustache, a new analyst, has also predicted a major altseason similar to the one seen from 2018-2021. The top altcoins to watch for big gains this altseason are Chainlink, Stacks, and NuggetRush.
Chainlink (LINK) is currently down 8% year-to-date but is forecasted to have a massive breakout rally, with a potential new all-time high above $50. Analysts are bullish on Chainlink due to its involvement in tokenizing real-world assets and its potential in a trillion-dollar market.
NuggetRush (NUGX) is a new DeFi project that has the potential to outperform other altcoins in the 2024 altseason. With unique features like P2E, artisanal mining, NFT staking, and a focus on sustainability, NUGX is gaining attention as a top social token to invest in.
Stacks (STX) is positioned to benefit from the growth of layer-2 projects and DApps on the Bitcoin network. As interest in Bitcoin DeFi increases, Stacks is expected to see significant growth, with a target price of $5.00 set for this altseason.
Overall, the altseason is here, and investors should keep an eye on promising altcoins like Chainlink, Stacks, and NuggetRush for potential profits in 2024.