Currently, there are thousands of altcoins in the cryptocurrency market and it is difficult to predict which one to invest in. That’s why some analysts are sharing their options. In this article, we will feature four altcoins that are all traded on Binance and considered by analysts to have the potential to “10x”. However, before we start the article, we should underline that these are only analyst opinions and the possibility that these coins will not bounce. Every investor should invest according to his own research. Here are the details…
Bitcoin comes before altcoin projects
Before the four altcoins, the first cryptocurrency that analysts drew attention to was Bitcoin. BTC is the largest cryptocurrency by market cap and has a strong underlying Blockchain technology, as we’ve also reported on Cryptokoin.com. The largest cryptocurrency is changing hands at $23,137, up 1% at the time of writing.
Cardano: Proof-of-stake platform also draws attention
Cardano has proven to be one of the most active cryptocurrencies with its early adoption of the proof-of-stake (PoS) consensus mechanism. According to experts, many crypto enthusiasts think that Cardano will have a bright future in 2023. At the time of writing, ADA is changing hands at $0.38, up 2.9 percent.
Phantom: Highly scalable platform also on the list
Fantom is an open source smart contract platform for decentralized applications and cryptocurrencies. FTM currently ranks 40th by market cap, making it one of the top 5 cryptocurrencies to watch for 10x growth. FTM is changing hands at $0.52, up 9.3 percent at the time of writing. Coin has attracted attention by experiencing a value gain of close to 40 percent in the last 7 days.
Dogecoin: The biggest meme coin
Dogecoin is the most popular meme coin in the world. Many crypto investors are optimistic about this meme coin in 2023. DOGE is currently trading hands at $0.092, up 1.3 percent. The biggest meme coin has gained 10% in the last 7 days.
Last altcoin on the list: Polygon
For long-term investors, Polygon (MATIC) is a cryptocurrency that can provide opportunities to make significant profits, according to analysts. At the time of writing, MATIC is changing hands at $1.10, up 1.1 percent. The cryptocurrency ranks 10th by market cap. It has also gained 14.8 percent in the last seven days. This causes MATIC to draw attention among the coins that are on the rise on a weekly basis.
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