Today, we present three crypto altcoins you should have on the radar for the next bull run!
Investing in cryptocurrencies can be a risky business, but the potential rewards can be enormous. While there are plenty of coins that could potentially go to the moon, it’s important to consider those that have a solid foundation and are likely to exceed expectations. Here are three altcoins that could realistically increase by 50–100x in the near future.
SHPING
Market cap: ~$8.5M, currently trading ant $0.005, with an all-time high (ATH) of $0.10
SHPING is a shopping app that rewards users with SHPING tokens for comparing product prices across some of Australia’s largest retailers. The app is gaining popularity among savvy shoppers who enjoy collecting reward points across multiple loyalty programs, with the added benefit of earning crypto tokens.
Moreover, the app is expected to continue growing in popularity, particularly among early adopters of this asset. This, coupled with the fact that large retailers tend to cope well during economic downturns, makes it a solid investment option.
It is likely to achieve 15x returns during the next bull run, considering its ATH and the expectation that Bitcoin will eventually hit $100K or a $10K ETH will propel alts even higher than their top prices to date.
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Illuvium (ILV)
Market cap: ~$420M, currently trading at ~$60, with an ATH of $1,908
Illuvium is a Metaverse-related crypto asset that runs on the Ethereum network and has a solid community of nearly 370,000 followers on Twitter. Its key aspect is Overworld, with seven different areas to explore and many unique creatures to interact with.
The hype surrounding the Metaverse and a general market-wide bull run are likely to skyrocket the prices of Illuvium. During the last bull run, it reached roughly 25x. While past performance is no guarantee of future results, with a market cap of roughly $150 million, Ethereum improvements, and an overall bull market, Illuvium has significant potential to do well in the future.
Aave (AAVE)
Market cap: ~$1.15B, currently trading at ~$80, with an ATH of ~$663
Aave is a protocol that allows anyone to borrow or lend crypto via an automated market maker’s community-funded liquidity pool, bypassing the need to go through a conventional exchange platform. The protocol has come a long way from running solely on its launch network, Ethereum, to operating on several leading blockchains.
Aave’s latest market version (#3) now includes support for Arbitrum, Harmony, Optimism blockchain, and Fantom’s distributed ledger, adding to Aave’s compatibility with Ethereum, Polygon, and Avalanche in its previous version. Its appeal to anyone seeking to borrow or lend crypto via an AMM’s community-funded liquidity pool is expected to grow as the crypto market continues to mature, and more individuals take an interest in borrowing and lending crypto.
While Aave is unlikely to do a 60, 80, or even 100x in the near future, it is expected to go beyond its all-time high of just under $630 back in May 2021. This is due to its growing compatibility with multiple blockchains, which is expected to boost the protocol’s total value locked (TVL). As more individuals take an interest in borrowing and lending crypto, Aave and similar reputable protocols will thrive.
Important: This article contains affiliate links. Moreover, this article is no financial advice. Crypto assets are high risk assets. Please do your research before in investing.