Large-cap cryptocurrencies like Bitcoin have paved the way for the crypto industry. However, their colossal market valuation means they have little room for more growth.
But if you are looking for the next Bitcoin or Ethereum, this article should come in handy. We will explore the five next cryptocurrency to buy for 10x returns. 1. Axie Infinity (AXS)
Axie Infinity is a star in the crypto market, and this is deserved given the gaming platform’s meteoric rise this year. Starting the year as a dark-horse candidate for blockchain gaming, Axie Infinity has more than tripled its value ever since then.
The protocol integrates tokenised in-game characters called Axies with blockchain tech, allowing players to collect, breed, raise, battle, and trade their Axies for real cash.
Axie Infinity is a cryptocurrency to buy for 10x returns as the digital asset aims to bring blockchain to all gamers. A recent release confirmed that the Axie community had crossed 2 million daily active users. Several investors have recognised Axie Infinity’s astonishing growth, with popular investment firm Andreessen Horowitz leading a $152 million Series B funding for the asset in early October.
All these have borne fruit on AXS price, with the digital token increasing by 5,000% year-to-date (YTD). This saw it surge to $136.55 on October 5 from $90.52 a month earlier. Although AXS has since lost some momentum, the blockchain-based token has continued to trade within the $100 range. It is currently down 2.50% in the last 24 hours and trades at $120.15. Meanwhile, it is trading above the 20-day moving average (MA) price of $104.19, which shows strong bullish potential in the short term. 2. Polkadot (DOT)
Polkadot is another top cryptocurrency to buy for 10x returns. Although the project is currently under development, Polkadot is one of many blockchain protocols with strong fundamentals and real-world use cases. Meant to be an interconnected ecosystem of blockchains, Polkadot allows blockchain to transfer assets and data seamlessly.
Regarding adoption, Polkadot recently got listed on the popular social trading platform eToro. This is following a growing interest in the heterogeneous protocol as its parachain auctioning draws near. We’ve added $DOT & $FIL to eToro! � (Not currently available in the USA) — eToro (@eToro) October 5, 2021 Alongside this, the premier decentralised blockchain interoperability solution Wanchain has recently launched a bridge to the Polkadot platform. This will allow Ethereum, Wanchain, Avalanche, Moonriver, and several others to integrate Polkadot’s DOT token into their decentralised applications (apps). DOT has been one of the silent gainers in price movement as it has largely traded between $30 and $50. However, it surged to a whopping $49.35 on May 15 before the crypto market meltdown. This saw DOT lose more than 50% of its gains, and it dipped to as low as $15 before picking up.
DOT is currently up 5.64% daily trading chart. 1 DOT changes hands at $35.42, and it is up 21.17% in the last seven days. 3. Solana (SOL)
The Solana blockchain makes the list of cryptocurrency to buy for 10x returns. In early August, the asset largely took the world by storm after breezing into the top 10 most valuable crypto protocols. Meant to enable DeFi and NFT solutions on its platform, Solana is a top-performant blockchain.
This has been largely due to major integrations and adoptions of the network. Solana averages a transaction speed per second of 50,000, with the protocol still aiming for 700,000 in the coming months. This has made it an ideal solution for dapps protocols looking to build on an energy-efficient, low-cost, and highly scalable network.
Given its meteoric adoption, the SOL token has largely outperformed many of its rivals in the DeFi race. The digital asset surged to an all-time high (ATH) of $214.46 on September 4 and has largely been trading on an uptrend. SOL has continued to post good returns despite a lull in its price gains, and today has been no different. As Bitcoin loses steam, SOL is picking up the slack and is up 2.73% in the last 24 hours.
For $146.83, the digital asset is trading slightly below its 20-day MA price of $150.29. However, recent fundamental news shows that SOL is preparing for a major breakout and is a great cryptocurrency to buy for 10x returns. Crypto exchange FTX.US recently added support for Solana NFTs on its platform. “We’re providing these tools so that these pioneers can go and set the frontiers of innovation further and further.”
#Chainlink Labs’ @EidJohann and #Solana ’s @aeyakovenko explain how @chainlink […]
source 5 Next Cryptocurrency to Buy For 10x Returns – October 2021 Week 2
Protected by Patchstack