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A monumental buying opportunity is available on altcoins, with many at double-digit discounts this month.
However, Ethereum ETFs are launching in July, so the low prices might be short-lived.
With that in mind, let’s explore the five best altcoins to add to your portfolio for summer 2024.
PlayDoge
Our top pick of altcoins to buy for summer 2024 is PlayDoge. The project taps into the emerging craze of Play-to-Earn cryptocurrencies while also appealing to meme coin enthusiasts.
PlayDoge is inspired by the hit 1990s Tamagotchi game. Like the original, PlayDoge users will care for an 8-bit virtual pet, ensuring it’s fed, rested, and entertained.
They’ll earn XP for interacting with their pet and completing minigames, which translates to $PLAY rewards.
These rewards can be swapped for other cryptocurrencies, used to make in-game purchases, or staked.
Users must also hold $PLAY to receive rewards.
With this inherent token utility and a meme coin pull, PlayDoge has the best of both worlds and could thrive this summer.
Investors can
It’s currently undergoing a presale, which has raised $5 million so far. Investors can buy $PLAY for $0.00512, but this price will rise in two days.
Ethereum Name Service
As mentioned, Ethereum spot ETFs are set to launch in July. This will allow Wall Street players to invest in Ethereum for the first time.
If Bitcoin ETFs are any indication, this could inject billions of dollars into ETH, potentially trickling down into its ecosystem tokens.
Ethereum Name Service is a major player that could benefit. It’s Ethereum’s go-to protocol for customized names for wallets, websites, and more.
ENS is the native governance token of Ethereum Name Service. This means holders get a say on important changes and developments to the project.
It is currently trading at $22.46, down 9.6% today, 3.2% this week, and 4.2% this month. ENS holds a $709 million 24-hour trading volume and a $118 million 24-hour trading volume.
Pepe Unchained
Another crypto that could benefit from the Ethereum ETFs is Pepe Unchained, the first-ever Pepe-themed Ethereum layer 2 blockchain.
The project is currently undergoing a presale so investors can buy in at the lowest price.
It has raised almost $500K so far and is priced at $0.008032. However, this price will rise throughout the campaign, with the next uptick in one day.
Similar to PlayDoge, Pepe Unchained has a meme coin allure to attract the masses, but its true value lies in its utility.
Transacting on Pepe Unchained is 100x faster and magnitudes cheaper than on Ethereum, and that could be instrumental as Ethereum’s on-chain activity rises amid ETF launches.
The project is designed to house meme coins, strategically aligning crypto’s technological and cultural forefronts.
Those seeking to buy Pepe Unchained at presale should act quickly to secure the best price.
Ondo Finance
Ondo Finance is a real-world asset (RWA)-focused cryptocurrency that delivers institutional-grade finance on-chain.
The protocol has two flagship products: USDY, a yield-generating stablecoin, and OUSG, tokenized short-term U.S. government treasuries.
Ondo’s offerings are a breakthrough in the financial industry, providing seamless, global exposure to U.S. treasuries.
Its use case has generated a huge buzz and enabled substantial growth for ONDO since its launch in January.
ONDO has increased by over 500% since launching and is currently trading at $1.07. It has a $1.4 billion market cap and a $155 million 24-hour trading volume.
The project is the largest RWA crypto by market cap, which is significant because the sector is cultivating massive interest.
For instance, the world’s largest asset manager, BlackRock, aims to tokenize $10 trillion worth of its assets through the technology.
With Ondo heading the RWA market, it could certainly be one of the best altcoins to buy for this summer.
Pepe
While we have covered Pepe Unchained, its legacy counterpart, Pepe, is also another solid option to buy now.
Since its emergence in April 2023, Pepe has remained at the forefront of memetic culture. Its famous Pepe the Frog mascot is recognizable to meme enthusiasts globally.
Moreover, Pepe could be a strong buy because of Ethereum’s ETF.
Due to its proximity on the Ethereum network, many traders view Pepe as a beta play on ETH. That means Pepe follows ETH’s price action, except with more volatile swings.
Should Ethereum ETFs bolster the ETH price, as Bitcoin ETFs did for BTC, we could see a huge upward move for the frog-themed meme coin.
It is currently trading at $0.00001045, down 11% today, 10% this week, 25% this month, and up 546% this year.
Pepe is the third largest meme coin, behind Dogecoin and Shiba Inu. It currently has a $4.3 billion market cap and a $544 million 24-hour trading volume.
