Analysts name 3 most popular tokens among investors

According to analysts, when lucrative opportunities arise, investors shift their capital from bitcoin to altcoins. As the price of BTC $60,947.24 Bitcoin -0.30% Market capitalization $1.2 trillion VOL. 24 hours $1.54 billion has dropped after recent highs and perpetual futures funding rates have fallen to new lows, market sentiment hints at a cautious approach to the flagship cryptocurrency.

The latest moves by investors indicate a redistribution of capital toward altcoins that show promising growth. Analysts have singled out three altcoins — Solana (SOL), BNB, and Avalanche (AVAX) — as offering the most promising returns.

BNB stands out for its strong ecosystem that encourages reinvestment through its Launchpool. Launchpool allows stakeholders to significantly increase their returns. This cycle contributed to the breakout of the BNB token above $ 600.

The Solana ecosystem saw a significant 45% increase in one of its popular memecoins, Dogwifhat (WIF), which hit an all-time high on March 14. Meanwhile, crypto influencer Miles Deutscher noted that Avalanche subnets could push the AVAX token beyond $ 50 and bring it closer to $ 100.