Bitcoin continues to lose value post-FED and selling volumes are falling. This could be an indication that the bottom is coming soon. Bottoms seem to herald that historically great upswings are on the horizon. But for someone looking for mega gains in their next bull run, Bitcoin may not be the ideal asset. Altcoin projects often bring more returns to their investors.
These 3 altcoins could rise 10x
Most analysts expect Bitcoin to reach a top of $100,000 in its next bull run. This is close to 5 times the current price. However, in bull markets there are often altcoin projects where it is possible to earn 100x or more. For such gains, it’s best to start researching potentially explosive cheap altcoins. In this regard, an analyst shared 3 crypto money projects that are likely to increase 10 times.
Shiba Inu (SHIB)
In 2021, the Shiba Inu (SHIB) surprised everyone with an increase of over 40,000,000%. However, it has since taken a huge hit. But there’s still a lot of potential for the Shiba Inu to do even bigger in the next bull run. This is because the Shiba Inu’s recently introduced incinerator removes large quantities of SHIB from circulation.
For context, more than 300 million SHIB tokens went out of circulation this week alone. Over time, the increase in these burns will help the price to make gains as well. As a result, as supply dwindles, demand will be driven by a constantly decreasing number of altcoin projects. Therefore, the analyst points out that SHIB has the potential to reach $0.1 at some point in the future.
Ripple (XRP)
Ripple (XRP) did not perform well in its last bull run and failed to retest 2017 highs. Besides, it is a known fact that XRP is one of the most durable cryptocurrencies. Despite the SEC lawsuit against Ripple and the current crypto bear market, XRP is still holding its value quite well.
It is also noteworthy that whales have accumulated in this altcoin project. Today, Whale Alert published that $20 million worth of XRP was transferred from an exchange to an unknown wallet. Accordingly, major investors seem to be taking a long-term approach to XRP. This is linked to the fact that Ripple could win the case against the SEC. Therefore, it becomes clear that XRP could be a gem in the rough at current prices, the analyst said.
Cardano (ADA)
According to the analyst, Cardano (ADA) is one of the top altcoin projects with high potential and is currently trading cheap. According to him, what makes Cardano stand out most is its growing popularity among investors. As we reported as Kriptokoin.com, Cardano ranked higher than famous brands such as BMW and IKEA in the latest brand sincerity ranking.
It also beat Bitcoin on the aforementioned list. This is quite surprising because Bitcoin is the largest and most recognized cryptocurrency on the market. This is a good indicator for Cardano. Because when the bulls return to the market, it increases the likelihood of an increase in Cardano’s volumes. This is a factor that is likely to affect the price positively.
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