Best Altcoins to Buy If Bitcoin Hits $1 Million as Michael Saylor Predicts

Michael Saylor predicts Bitcoin could hit $1 million, driven by institutional demand and limited supply. If realized, this surge may propel altcoins AAVE, Solana, and Tron to notable gains, with each showcasing strong fundamentals and growth potential. Other altcoins to consider include Aptos, Sui, Stellar, and XRP, all set to benefit from Bitcoin’s upward momentum.

In a striking forecast this week, Michael Saylor, founder of MicroStrategy, suggested that Bitcoin might reach an astonishing $1 million in the coming years. His prediction highlights key driving forces behind this price surge, including increased institutional and governmental demand, dwindling Bitcoin exchange balances, and the fact that only about 450 new BTC are mined daily. If Saylor’s vision comes to fruition, it’s expected to influence the entire crypto sphere, especially altcoins, which often follow Bitcoin’s lead.

So, what altcoins should investors consider if bitcoin indeed hits the $1 million mark? Among the most promising candidates are AAVE, Solana, and Tron, each presenting strong cases for potential growth in such a bullish scenario.

First up is AAVE, which has established itself as a leader in the decentralized finance (DeFi) sector. The platform has experienced rapid growth lately, with its total value locked (TVL) climbing past $27 billion. Daily fees generated by AAVE surpass $1.5 million, and its native stablecoin, GHO, boasts a market cap of around $218 million. AAVE has shown resilience through tough crypto market phases, such as the FTX crash and others in 2022. Technically speaking, a recent article on crypto.news pointed out that AAVE has formed a golden cross pattern and that the Average Directional Index indicates bullish momentum. Traders are eyeing last year’s price high of $400, which would imply a 33% gain from current levels.

Next, Tron makes the cut for the best altcoins to snag, thanks to its robust performance metrics. Current data reveals it ranks as the second most profitable network in the industry, following Tether, with fees exceeding $1 billion this year—outpacing Ethereum and Solana. Moreover, its deflationary nature, supported by regular token burns, gives Tron an edge, as the community discusses measures to further reduce block times and voting rewards. It is shaping up to form a rounded bottom, potentially pushing it to reach last year’s high of $0.4493, marking a 63% rise.

Lastly, there’s Solana, which should not be overlooked. The platform has surged in transactions, with a whopping 1.92 billion recorded over the past month—a staggering 56% increase. This count surpasses that of major competitors combined. Solana holds the title for the most active addresses as well, numbering over 135 million in the past 30 days, showcasing its thriving ecosystem of decentralized applications. The prospect of the Securities and Exchange Commission approving spot SOL ETFs could entice Wall Street investors further. Additionally, its staking rewards stand at 8.5%, which is competitive compared to other chains.

Beyond these, a few more blue-chip altcoins could be a good pick if Bitcoin reaches that monumental $1 million, including Aptos, Sui, Stellar, and XRP. All things considered, this prediction from Saylor could significantly shape the crypto landscape in the near future.