As the crypto market gears up for another bull run, analysts are keeping a keen eye on how many currencies will perform in the coming months, and who will kickstart the dash to the moon. Three likely contenders are Ethereum (ETH), Litecoin (LTC), and Dogetti (DETI) , all coins with market-altering events this year that are due to change the course of the season.
Revolutionising the Market: Ethereum
Ethereum (ETH) has recently completed its Shanghai upgrade which has catapulted its value over the $2k threshold, and following Bitcoin (BTC) breaking $30k, ETH’s recent success has triggered talks among analysts about an upcoming bull run. By changing their mechanism from proof-of-work to proof-of-stake, ETH has begun a shift in the crypto market into a more sustainable and environmentally friendly approach. This appeals to many potential investors while also shielding itself from any future restrictions that may be put on cryptocurrency mining to protect the environment from the damaging effects of its carbon emissions. The price of ETH will no doubt rise in line with the growing demand for more proof of stake-based currencies, potentially pushing the market towards an alt season during this upcoming bull run.
Building Demand: Litecoin
Another altcoin that many enthusiasts are considering to be a promising option is Litecoin (LTC), and while it still operates under the proof-of-work mechanism recently discarded by Ethereum (ETH), the upcoming halving event of LTC is undoubtedly due to increase the demand for the coin. The halving event is currently due to take place on the 2nd of August and in the run-up to this date, anticipation continues to build as investors speculate how this will affect the price of LTC. The coin is on a clear upward trajectory as its value hovers around the $100 mark, and once it breaks free of this, the currency will likely skyrocket.
A New Generation: Dogetti
Dogetti (DETI) is an innovative new community-based currency that pledges to donate 2% of every transaction to animal welfare charities. Many analysts expect that its upcoming launch is due to make a big splash in the market, and could be another currency that kick-starts the bull run in crypto. Operating on the Ethereum (ETH) blockchain, DETI also uses a proof-of-stake mechanism, appealing to investors who wish to join the new generation of crypto that encourages them to be considerate both environmentally and philanthropically. The presale has garnered lots of attention and as the presale end date of the 20th of June nears, momentum is building for those who want to invest early for the maximum possible returns as the market continues to accelerate to the top.
The level of excitement in the crypto community for a seemingly inevitable bull run is boiling over, and enthusiasts are frantically investing in Ethereum (ETH), Litecoin (LTC), and Dogetti (DETI) in the hope that these currencies will be the ones that will take them to the moon. While Litecoin’s (LTC) halving event will attract much attention, their proof-of-work mechanism is losing popularity, and many will turn toward the proof-of-stake-based Ethereum (ETH) and Dogetti (DETI). While DETI’s presale still offers an incredibly affordable entry into the market, it is likely that this will be the currency that will offer the best return on investment.