The crypto market is heating up again, after a particularly harsh winter in 2022.
Bitcoin is gliding upwards almost effortlessly, from the $40,000 zone at the start of the year to around $56,000 where it currently sits.
As expected, the altcoins are following suit.
Now the thing about altcoins is that they usually rally alongside Bitcoin. However, more often than not, some of these cryptocurrencies outperform Bitcoin on a massive scale.
With this in mind, we will be going over an analyst's reasoning behind a list of 22 altcoins he believes will register x50-x100 gains in the coming bull run.
Moreover, most of these altcoins are available on Binance.
Seasoned analyst and educator, Cyclops, as mentioned earlier, has compiled a list of 22 altcoins he believes to have the potential for 100X gains.
The analyst selected these cryptocurrencies based on the altcoins' market caps as well as how well they fit into the hottest narratives in the market right now.
These include tokens from AI, DeFi, RWA, SocialFi, GameFi, BRC-20, Modular, L1, and L2 sectors, and here are our top picks:
Solana, some might argue, is an obvious choice.
Solana, according to CoinMarketCap, is up by nearly 10% over the last day, and by 1.2% over the last week.
The cryptocurrency has a market cap of around $49 billion, is ranked the 5th largest cryptocurrency by market cap, and currently trades at around $111.
According to the chart above, Solana is showing signs of strong bullish activity, as shown by the higher highs it continues to make.
However, Solana's bullish strength didn't start today.
The cryptocurrency, over the last year, has rallied by around 400% according to CoinMarketCap.
This is interesting, considering how the cryptocurrency traded at less than $20 in October 2023.
Solana, at the time of writing, needs a break above the $126 high from 25 December last year, to challenge its $260 all-time high.
Among the Ethereum L2 solutions, Polygon has been lagging over the last few years.
Polygon has fallen in terms of market cap, and is now ranked the 14th largest cryptocurrency by market cap, behind Polkadot.
Polygon currently trades at around $1, has a market cap of around $10 billion, and is doing pretty well in terms of price on the daily and weekly timeframes.
As shown by the charts above, Polygon is having some trouble with breaking above the $1 – $1.1 zone and has been stuck under this resistance since April 2023.
The cryptocurrency has a pretty solid chance of going massively parabolic if we see a break above this resistance zone, anytime soon.
The Sandbox is one of the biggest metaverse/crypto projects on the market.
This means that its position on this list is justified because if we see a metaverse explosion in the coming bull cycle, the best bet is that the Sandbox is set to be at the centre of it all.
Moreover, Forbes recently bought a massive plot of land on the Sandbox, showing institutional interest in the metaverse, in crypto, and the Sandbox in particular.
The Sandbox currently has a market cap of about $1 billion and is performing well on the short and long timeframes.
Just like the others, the Sandbox has been rallying strongly as of late and is attempting to rebound from the ascending trendline shown above.
Overall, SAND is still a whopping 93% from its $8.44 all-time high, indicating that a full recovery on the cryptocurrency would indeed be something to see.
Injective has climbed the ranks pretty quickly, and is now classified as the 35th largest cryptocurrency by market cap, as shown below:
The cryptocurrency has a market cap of about $3.5 billion and is performing really well in the daily timeframe.
According to the charts, Injective has been showing signs of an incoming rally, as shown by the bullish pennant below:
Pennants (also called flags) are bullish price formations that indicate a possible trend continuation.
This flag formation is set to end in a breakout from here, causing a price explosion on Injective.
The cryptocurrency trades at around $38.32. And as far as we can see, Injective might be facing a possible rally, straight up to around $49 or even higher.
Ordi is by far the most popular BRC-20 or Bitcoin-based cryptocurrency and could be poised to piggyback on Bitcoin's success in the coming cycle.
At the time of writing, Ordi is trading at around $68 and could be poised to retake the $100 zone soon.
As shown in the chart above, the cryptocurrency is making higher highs and appears to be holding strong above the $48 zone.
Overall, if Ordi is set to ride on the back of Bitcoin's growth in the coming bull run, there's no telling how far up this cryptocurrency can go.
The altcoins mentioned above are only five of 22, with others including
Render, Arbitrum, Sei Network, Sui Network, MakerDAO, Starknet, Theta Network, Synthetix, Dymension, Astar, Ronin Network, Altlayer, Treasure, Ankr, Space ID, SleeplessAI, Polymesh, Radiant Capital, MyNeighborAlice, and Stella.
Disclaimer: Voice of Crypto aims to deliver accurate and up-to-date information, but it will not be responsible for any missing facts or inaccurate information. Cryptocurrencies are highly volatile financial assets, so research and make your own financial decisions.