Crypto Bull Run 2024: Which Altcoins Showed the Most Potential

The debate about the crypto bull run 2024 has fascinated crypto enthusiasts around the globe. Renowned analyst Xremlin is focusing attention on altcoins that could have achieved impressive gains during the market’s upward phases. As Bitcoin continues its path to new heights, the community’s focus is increasingly shifting toward specialized altcoins – a pattern that has been repeatedly observed in previous crypto cycles.

In spring 2024, Xremlin analyzed hundreds of tokens and identified projects with the potential for significant gains in a bull run scenario. The altcoin season often marks the point when Bitcoin dominance weakens and the market diversifies. During such phases, the greatest opportunities arise for informed investors who can identify technologically strong projects early.

Why Altcoin Dynamics Are Crucial in the crypto bull run

The crypto bull run 2024 differed from previous cycles due to the maturity and specialization of the altcoin landscape. No longer just simple tokens, but complete ecosystems with concrete use cases were in focus. The shift from Bitcoin dominance to broader market participation signaled a phase where Layer-1 and Layer-2 solutions, as well as specialized DeFi infrastructures, could thrive.

Xremlin observed a clear pattern: after Bitcoin stabilizes, capital begins flowing into alternative projects. This led to a careful selection of eight altcoins, each serving different segments of the market.

Infrastructure Altcoins with a fundamental focus

The first group of identified projects concentrated on infrastructure and data technology. Oraichain (ORAI) leads this category – an AI-powered oracle and blockchain ecosystem positioning itself as an advanced data layer for smart contracts. With a current price of $0.39 and a market cap of $7.56M, ORAI represents a foundational infrastructure for the next generation of dApps.

Starknet (STRK), as the most prominent ZK-Rollup project, offers Ethereum a scalable Layer-2 solution. With technological breakthroughs in transaction capacity, STRK is currently trading at $0.07 with a market cap of $356.78M. The project has established itself as critical infrastructure for Ethereum applications.

Decentralized services and rollup innovation

A second layer of altcoins focused on services. IX-Swap (IXS) enables trading of security tokens and real-world assets – a bridging segment between traditional finance and blockchain. AltLayer (ALT) revolutionizes rollup technology through its Rollup-as-a-Service protocol. Developers can deploy native rollups and manage them independently. ALT is currently trading at $0.01 with a market cap of $61.59M.

Kujira (KUJI) is building a specialized Layer-1 ecosystem for FinTech solutions, combining institutional tools and decentralized applications. These projects addressed specific use cases rather than general infrastructure.

Specialized networks: Gaming and DeFi

Specialization is particularly evident in gaming and DeFi-focused networks. Xai (XAI) positions itself as a Layer-1 blockchain specifically for AAA games, enabling users to own and trade in-game assets. With a current price of $0.01 and a market cap of $28.29M, XAI focuses on the gaming sector as its main market.

Clearpool (CPOOL) addresses the decentralized lending market with permissionless crypto credit services for institutions. Supported by leading venture capital firms, CPOOL is trading at $0.03 with a market cap of $24.67M. Wicrypt (WNT) pursues an innovative approach by decentralizing internet connectivity – users earn by sharing their mobile internet with encryption and usage-based billing.

The logic behind Xremlin’s altcoin selection

The selection of these eight altcoins was not random. Xremlin chose projects that stood out in three criteria: first, fundamental technological innovation; second, clear market use cases; and third, the potential to benefit from capital inflows during an altcoin season. These altcoins embody the infrastructure, services, and specialized networks that gained attention during the crypto bull run 2024.

While market conditions have changed since 2024 and prices reflect new realities, Xremlin’s analysis remains relevant as a case study of altcoin market structure. It shows that during bull run phases, not all altcoins flourish equally, but those with real utility and specialization seize the opportunities.