These are the best altcoins of the past three months

The second quarter is almost over, and although the first three months of the year were fantastic for the crypto world, the last two and a half months were rather frustrating. Directionless and within a fairly wide trading band, Bitcoin struggled to set a new all-time high.

Altcoins also had a fairly bad period compared to the first quarter (where memecoins mainly dominated) as well. Yet there are some outliers in CoinMarketCap’s top 50 who still had a very good period. Let’s have a look.

Toncoin – 200% higher

The cryptocurrency of the social media platform Telegram had a very good second quarter with a gain of 200% in the last three months and a new all-time high set in the past week. Actually, Toncoin is having a great year. CEO Pavel Durov is giving more and more interviews while he used to be quite media shy and Telegram appears to be a good alternative to Meta (formerly Facebook) for many users, especially in Asia.

Thanks to Telegram’s willingness to pay their influencers in Toncoin, the popularity of their cryptocurrency has exploded.

Their in-game currency Notcoin is also doing very well in 2024.

The expectation of most analysts is that in a rising market, $10 is the next target for Toncoin

Pepe – 75% higher

Pepe, the meme coin with the image of a frog, is very popular with supporters of Donald Trump, especially in the United States. Pepe is seen as a mascot of the MAGA (Make America Great Again) movement and was therefore rejected by Coinbase last year. A boycott of Coinbase by Trump supporters was a logical consequence, after which the crypto platform gave in and allowed Pepe to be listed.

Ever since then, Pepe has only risen. In recent weeks it even (briefly) entered the top 20 of CoinMarketCap several times.

XMR – 20% higher

The European Union and Binance made things difficult for Monero (XMR) early in the second quarter. The EU is targeting these so-called ‘privacy coins’ as they claim that these make it easy for criminals to launder money. Binance does not want to get into trouble with the EU and therefore decided to delist Monero.

After that initial fall however, Monero rapidly found a floor and has even achieved a profit of 20% in the last three months. Do expect volatility on this one though;