The Crypto Bull Rally Is Back as Market Leader Bitcoin Steams Past $62k

The move has sparked feverish excitement among traders, hopeful to capitalize as altcoin prices increase.

Bitcoin price is surging again as the market recovers from the recent downturn and traders grow more optimistic about the future of crypto.

But while BTC’s promising outlook has sparked excitement, there are hopes that altcoins will outperform it in the coming months.

Analysts are keeping a close eye on Bitcoin dominance – the measure of Bitcoin’s market share – with 54% being a key level to watch.

A break below indicates that momentum is favouring altcoins, which could lead to a period where they dramatically outperform the market leader.

According to Milkybull Crypto, Bitcoin dominance has reached its high point for this market cycle, and altcoins are primed to start outperforming.

3 Best Altcoins to Buy Now

With that in mind, let’s explore three altcoins to buy amid the bull market rally.

99Bitcoins Token

Our top pick is the 99Bitcoins token.

With Bitcoin’s price gaining ground, one of the first places this new liquidity will flow is into its ecosystem tokens.

Large-cap projects like Stacks could benefit, but the newcomer 99Bitcoins token could see outsized returns due to its low market cap.

The project was created by the 99Bitcoins media outlet and is part of its novel Learn-to-Earn platform.

Think of Learn-to-Earn like Play-to-Earn, except swap of gaming for levelling up your crypto lore.

It’s a captivating concept that rewards users for learning about cryptocurrency.

As the bull market heats up, the demand for this service could skyrocket.

Users need the $99BTC token to access the platform, and there are other utilities like a VIP community group, staking rewards, BRC20 tools and education, and more.

$99BTC is currently undergoing a presale and has raised $2.4 million so far.

Those seeking to buy 99Bitcoins tokens should act fast because the price will rise throughout the presale.

Dog (Runes)

Next up is Dog (Runes), a meme coin within the Bitcoin ecosystem.

Despite launching in April when the crypto market was in turmoil, the project has exhibited impressive strength and currently holds a sturdy $520 million market cap.

It is built on Bitcoin’s new Runes protocol, which makes it easier to create and manage fungible tokens.

The project’s mascot is a cute dog in an orange Bitcoin hoodie and markets itself as having the fun of a meme coin with the trust of Bitcoin.

Analyst Runetoshi recently hailed Dog for holding up better than many of its meme coin peers recently as the sector took a beating.

Given its relative strength and Bitcoin’s bullish outlook, Dog could be another crypto that outperforms the market on the bull rally.

Ethereum

Moving away from the Bitcoin ecosystem, Ethereum could be primed for huge gains ahead.

Ethereum spot ETFs were approved in June, and there are whispers that they will launch in July.

If Bitcoin ETFs are any indication, ETH’s price will rally after its ETF launches.

Another reason ETH could be a buy is its explosive recovery.

Prominent trader McKenna highlighted this in a recent tweet and suggested that ETH will push toward $5.1K as the market rallies.

Moreover, ETH has underperformed Bitcoin over the past year, up 80%, while BTC is up 114%.

But with Ethereum ETF launches approaching and Bitcoin dominance breaking down, it could be time for ETH to catch up.

And given its juncture as the second-largest cryptocurrency, Ethereum offers a potentially safer bet than other altcoins.

This could be a good or bad thing depending on the trader’s risk appetite and desire for high returns.

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