Introduction
Altcoin season draws near with every passing day and this means now is the best time to find 30X altcoins. Why 30X? Well, very few altcoins have the potential for a 50X or 100X and therefore, not easy to find. However, the 30X is much easier to achieve, hence it will be our focus for this article.
A 30x altcoin means every $100 invested can give a $3,000 return while $1,000 can transform into $30,000. However, securing such returns is not easy. Most altcoins are yet to achieve significant recovery after the 2022 crash, but does not necessarily mean all of them will recover. Liquidity often flows where it is guided by multiple factors including narratives, as well as whale and institutional activity.
Before we get into the gist of it, we have to lay down some criteria that will help narrow down the best 30X altcoins.
Here are some factors to consider when hunting for 30X altcoins
First things first, we need to keep in mind that Bitcoin and most of the top coins have already enjoyed significant upside. As such, liquidity may start to trickle into altcoins and this leads us to the first factor to consider when selecting potential 30X altcoins:
Marketcap
The name of the game is that the lower the risk, the lower the reward. Therefore, altcoins with very low marketcap carry a substantial risk, but they might also deliver the biggest reward if they can secure robust investment further down the road.
Use case and narrative
You may have noticed that the top 50 altcoins list usually has fresh entries with every new bull run. This is largely because the narrative in each bullish phase is different from the last. Coins that align with the prevailing narratives and have use cases that are easy to understand tend to do well. AI has been one of the biggest narratives of the current cycle.
Exchange listing/availability
Coins need a lot of liquidity in order to achieve significant upside. Those listed on major coins are more likely to achieve that. Hence we will look into whether they are listed on major exchanges.
Partnerships and institutional investment.
Projects that attract a lot of retail participation are more likely to achieve major upside during the bull run. Therefore, we considered investment and partnerships from the institutional class as part of the criteria.
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Here are some of the top 30x altcoins based on our assessment.
Synesis One (SNS)
Synesis One earns a spot onto 30X altcoins list courtesy of multiple reasons. For starters, it is a decentralized crowd-sourcing project through which one can be rewarded by training AI. The play-to-earn (PTE) factor is also strong in this one. PTE was a strong growth driver during the previous bull run and is the reason why coins such as Axie Infinity did so well. Here’s a look at how it faired in our 30X altcoins criteria assessment:
- Real-world use case courtesy of the PTE where users train AI and are rewarded with the SNS coin.
- It has attracted numerous high-profile institutional investors including the Solana Foundation, GBIC, Magnus Capital, NGC Ventures and Kenetic, among others.
- SNS is currently undervalued with its marketcap currently at $30 million. Note that it is still classified as a low-cap courtesy of a sub half a million circulating supply. A $1 billion marketcap could put its price above the $2 price point.
- It is available on many exchanges but most of them are decentralized exchanges. It is yet to hit mainstream exchanges such as Coinbase or Binance. Listing on such exchanges will likely supercharge its bulls.
Pyth Network
Imagine if you had a chance to buy into Chainlink (LINK) during its early days. Pyth Network might be the next best opportunity. This is another project designed to provide oracle services to various blockchains. This project is relatively new judging by the fact that it has already achieved an impressive amount of total value secured at over $7 billion and over $85 billion worth of monthly tradable value. It has also reportedly teamed up with hundreds of data providers Here’s how it faired in our criteria:
- Pyth Network has robust partnership and investment from the likes of Binance, Akuna Capital, Cboe Global markets, Jane Street, OKX and Tower Research Capital, just to name a few.
- As far as the use case and narrative is concerned, the Pyth Network has been attracting a lot of attention because it can give Chainlink a run for its money in terms of data feeds capacity. The oracle services segment also happens to be a growth-packed segment, hence why Pyth is in this list.
- Pyth had a $1.6 billion marketcap which is a bit on the high side. However, given its utility and narrative, we feel that this one has huge long-term potential.
- Pyth Network has the advantage of visibility thanks to its presence on many exchanges, including some of the top centralized exchanges such as Binance, OKX, KuCoin and Kraken.
Goldfinch (GFI)
Goldfinch Finance is a credit protocol aimed at providing high stablecoin yields from real-world activity. It managed to achieve as much $37 million in funding from early investors. Lets take a look at why it is part of the 30X altcoins list:
- The fact that it is anchored as RWA project makes it quite a unique proposition. RWA is one of the key narratives of the current cycle. It is part of the Tokenized Asset Coalition.
- It is listed on multiple major exchanges including Coinbase and Uniswap, hence healthy visibility.
- It received funding from major investors such as A16Z Capital, Bill Acman, and Coinbase among others.
- Its marketcap at the time of writing was $110 million and a low circulating supply of less than 30 million tokens.
Flux
Proof-of-work projects are quite rare but Flux is one of the latest additions. Well, its consensus is known as Proof of useful work. This project is noteworthy because it plans to use its computational capacity to run the network as well as running AI services and rendering. This puts it in the decentralized physical infrastructure networks (DePIN).
- FLUX is a DePIN project focused on decentralized cloud computing, which means it is in one of the major narratives for the current bull run.
- Its webpage indicates partnerships will a variety of major firms including Zelcore, Nvidia, GSR and LUMEN among others.
- It is available on all some major exchanges such as Binance, PancakeSwap and Crypto.com.
- It had a $311 million marketcap at press time which means it still has ample room for growth.
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Kusama
Kusama is one of the older projects on this list. It was around during the previous bull market and while it has dropped in ranks as far as marketcap, its affiliation with Polkadot makes it one to watch. This project acts as a sandbox or testnet for the Polkadot ecosystem. Here’s how it faired in our 30X altcoins criteria:
- It had a $251 million marektcap at the time of writing, and a low circulating supply of 8.47 million, meaning it takes a small investment for the price to move considerably.
- Its status as a Polkadot testnet means it has real utility which can be tapped into as the Polkadot ecosystem expands.
- Some of the top investors that have been affiliated with Kusama include 4 Founders Capital, 18Ventures, 3Commas and 42 Fund among others.
- Kusama is available on major exchanges such as Binance, Coinbase and ByBit among others.
There are many other potential 30X altcoins that did not make it to this list. You can use the same criteria to research and track them down.
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