Altcoins may soon outperform Bitcoin in market gains, a potential turning point. This shift is attributed to the cyclical nature of cryptocurrency rallies, with Bitcoin typically leading in the initial stages, followed by a period of dominance for altcoins. This downturn has impacted Bitcoin’s dominance to the point where it barely maintains a 50% share. Historically, altcoins have tended to steal the show with gains that outperform Bitcoin as the bull runs of 2015 to 2018 and 2019 to 2022 came to an end. Given the current trend and the upcoming Bitcoin halving, there is speculation that altcoins could see more growth this year if Bitcoin fails to resume its bullish momentum.

In this context, some altcoins such as DOT, RNDR, Uniswap (UNI), and NEAR are expected to bring 10-100 times returns in the 2024 bull market by the end of January, taking advantage of the market dynamics that altcoins may be ahead of Bitcoin.

DOT

Polkadot (DOT-USD) stands out for its unique approach to blockchain interoperability and scalability. It allows different blockchains to transfer messages and value in a trustless manner.
There are many reasons why DOT is the next generation of crypto. First, the network is designed around parachains and bridges. This allows it to solve some of the most serious problems affecting blockchain networks, such as scalability and security.

Its layer 0 framework also allows the creation of custom blockchains with significant interoperability. It allows decentralized applications to communicate across different infrastructures.

Finally, the DOT governance token allows participants to have a say in how the network should be managed and grow, making it one of the most noteworthy next-generation cryptocurrencies to watch.

RNDR

On January 4, 2024, the Render Foundation announced plans to incentivize token migration. The foundation said it would absorb the gas fees of RNDR token holders switching to the new RENDER token on the Solana blockchain. The Render (RNDR) program was launched after the network transitioned from Ethereum to Solana in November 2023. In a blog post, the Render Foundation highlighted the rewards for token holders who transitioned from RNDR to RENDER and reserved 1.14 million RENDER tokens for this program. According to on-chain data, Render (RNDR) surged 13.6% after the foundation's announcement. Unfortunately, price consolidation led to a sharp drop in Render (RNDR) price action, with the token plummeting from $4.92 to $3.66 between January 4 and January 25. Market predictions suggest that Render (RNDR) could surge to $4.5 by the end of February. If the Render Foundation executes on its token incentives, Render (RNDR) will definitely increase investor interest, driving positive market sentiment.

Uniswap (UNI): Robust Exchange and Wallet Innovation

Uniswap (UNI) has been performing strongly in terms of trading volumes, which has been further boosted by the launch of its non-custodial mobile wallet. This development has had a positive impact on the market momentum. Despite these developments, Uniswap (UNI) is still facing resistance at important price levels, namely $8.1 and $10.69, which it needs to surpass to continue its growth trajectory.
Recently, Uniswap (UNI) has shown signs of recovery, with some predictions pointing to a possible rise to $11.32 by the end of 2024. UNI’s ability to break through key resistance levels will be crucial in determining its future price action.

Going forward, Uniswap (UNI) is expected to face a mix of bullish and bearish sentiment. If it manages to overcome the resistance levels, we could see a significant increase in its value. Failure to do so, however, could lead to a reassessment of the country’s stance and a possible test of lower levels of support. The future of Uniswap (UNI) depends on these key market reactions and its ability to capitalize on the current momentum.

NEAR

NEAR Protocol (NEAR), the top cryptocurrency in the crypto space, has been receiving considerable attention as a community-run cloud computing platform. While NEAR stands out from most of its peers, it addresses key limitations in the blockchain space, including poor interoperability, low throughput, and slow transaction speeds.

Despite recent challenging market conditions, NEAR prices have seen significant gains over the past week. In particular, NEAR prices are currently trading between $2.5 and $3.14, up more than 25% over the past week alone.

If anything, the current positive momentum suggests that investor bullish sentiment has increased. Moreover, it further highlights the need for bulls to regain control of crypto to potentially set new highs.

The bullish dominance is also evident in NEAR Protocol’s cryptocurrency Relative Strength Index (RSI). This past week, it broke through the $3 price level, indicating an uptrend. According to the NEAR Protocol price prediction, by the end of 2024, if the $4 price barrier is broken, it is possible to reach $5.04.