Analyst’s Top 5 Altcoins for the Upcoming 2024 Bull Market

• Lark Davis tips BEAM, JOE, LINK, DOT, and ILV for 2024 bull market.
• JOE token surges 77.18% in 30 days; BEAM sees 105.93% monthly increase.
• LINK’s value grows 148% over the year; Chainlink update may boost further.

During a recent conversation with Tony Edwards, a YouTuber focused on cryptocurrency, the well-known crypto analyst Lark Davis shared his selection of five alternative cryptocurrencies he expects to perform well in the predicted bull market 2024.

Davis identified BEAM, JOE, LINK, DOT, and ILV as the five alternative cryptocurrencies he is optimistic about as the new year approaches. He emphasized that these tokens could experience significant price increases due to various catalysts.

JOE (JOE) 

The token JOE has experienced gains alongside the generally positive trend in the cryptocurrency market during December. According to CoinMarketCap figures, the token’s value has risen by 77.18% over the previous 30 days. Additionally, the token, which serves as the proprietary currency of the decentralized trading platform Trader Joe, has seen a 8.37% increase in value over the past week.

Beam (BEAM)

BEAM, the cryptocurrency intrinsic to the Beam gaming platform, has experienced a significant increase of 105.93% over the last month. Despite this, the past week has witnessed a decline in its growth, with the token’s value dropping by 6.87%. Currently, the token’s price is $0.01862, according to the latest figures from CoinMarketCap.

Chainlink (LINK)

In the footage, Davis mentioned that multiple factors are anticipated to propel Chainlink’s price increase. Specifically, the expert referred to the CCIP update from Chainlink, which is predicted to attract institutional investors and transform the decentralized finance sector.

Even though the market for alternative cryptocurrencies experienced a surge, the price of LINK increased only slightly by 2.77%. Nevertheless, the cryptocurrency experienced more substantial increases in November and October. Over the year, LINK’s value has risen by 148%.

Polkadot (DOT)

According to information from CoinMarketCap, Polkadot has been among the alternative cryptocurrencies that benefited from the cryptocurrency market surge in December. During this time, the value of the token increased by 66.6%. At the moment, DOT is being traded for $8.66 each. This price indicates a decline of 5.10% over the last 24 hours.

Illuvium (ILV)

Illuvium , an ERC-20 token, serves multiple functions within the Illuvium gaming ecosystem. Davis suggests that the token may benefit from heightened activity within Illuvium due to new games’ introduction and rising popularity. Currently, the token is priced at $98.24, having experienced a 6.36% increase over the last 24 hours, as CoinMarketCap statistics indicate.