Liquidity rotation in the next leg of the 2024/2025 bull run could see funds flow into altcoins, in which case crypto 30X gains or more will become reality. But, with the large number of altcoins out there, the challenge is identifying which coins are more likely to achieve such sizable gains.
Bitcoin already has a robust marketcap of around $1.2 trillion at press time. This means it will take a roughly similar investment for it to double its price. In other words, it would take way too much liquidity flowing into Bitcoin for it to be in the crypto 30X coins list. In short, we can narrow down the criteria necessary for coins to achieve 30X gains or more.
What are crypto 30X coins?
The traditional concept of investing or trading has always been buying low and selling high. Imagine if you could put $100 in an asset and it doubles. You get a sweet 100% return of your investment and your balance doubles, or in this case, achieves a 2X gain. While this looks like a sweet deal, it pales in comparison to what some cryptocurrencies have achieved during major bull runs.
Now imagine the same $100 invested in an asset whose value appreciates so rapidly that the investment is now worth $3,000. This is essentially what crypto 30X coins can achieve. Alternatively known as a moonshot in the crypto world and it is the dream type of crypto pic for anyone looking to capitalize on market trends.
But are 30X gains probable at this stage in the market? Take Bitcoin as an example. Anyone who bought just one Bitcoin when it was valued at $2166 per coin or less would have made over 30X gains at its current market value above $65,000 per coin. The same applies to ETH investors who got in below $117 per coin as per its $3,524 market value at press time.
Strategies to Identify Potential crypto 30X Coins
- Undervalued low-supply coins with high potential: Coins or tokens that have a very low circulating supply require a relatively low surge in market cap to trigger to huge price gains.
- Narratives: Each crypto bull run has various narratives which produce some of the best performing protocols and tokens. For example, one of the best narratives of the previous bull run in 2021 was tokenized WEB3 games, in which Axie Infinity was one of the best gainers. For perspective, AXS achieved a 50X between June 2021 and November of the same year. Solana meme coins, AI and real-world assets (RWA) are some of the most popular narratives this season.
- Protocol development and adoption: Although the focus is on achieving maximum gains, only projects that have healthy growth potential have the highest probability of 30X or more gains in a brief period. A protocol with a clear-cut strategy for utility and adoption, as well as a decent number of active developers is more likely to be winning side.
A list of some crypto 30X coins that have massive growth potential
Kusama(KSM)
Kusama is Polkadot’s canary network. It is designed to facilitate testing for blockchains before they roll out on the Polkadot network. This creates utility for its native token KSM. It has a little over 15 million tokens in circulation, making it an attractive low-cap. It also performed well during the previous bull run. It peaked at $625 during the previous bull run and a high of $721 during the next major rally would be a 30X gain from its current price point.
- KSM is uniquely positioned to take advantage of potentially robust demand since Polkadot has been highlighted as one of the key blockchains for RWAs.
- Very low cap with just over 15 million KSM tokens hence strong demand could fuel big price moves.
- While core developers have reduced so far in 2024, it had more active core developers than Solana over the last few months. That is something considering Solana’s strong performance.
- Current price levels are significantly discounted.
Render(RNDR)
Render is a decentralized protocol designed to provide resources necessary for animations and powerful 3D graphics. The idea is that anyone can provide their unused processing capacity and get paid for it. Meanwhile, the ones paying for it will be the creators or artists who use the platform. RNDR is its native coin which has utility through transactions. The idea here is that accessing powerful processing capacity in this way will be a much cheaper alternative to buying expensive equipment.
- Render can tap into the AI narrative to access a sizable share of liquidity during the next major rally.
- The protocol’s mechanism for RNDR transactions creates healthy organic demand.
- Render revealed in May that its servers have over 40 billion monthly requests, underscoring healthy adoption.
- Render has a relatively low circulating supply which would require a market cap of roughly $88 billion to achieve a 30X from its $7.55 press time price. Such an achievement would place it above Solana’s current marketcap. Render’s market cap is just over $2.9 billion.
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Polkadot(DOT)
Polkadot has one of the most interesting approaches in the blockchain industry. Rather than being a single blockchain, its strategy is to become a layer zero, on which other blockchain networks will be launched. It is perhaps an ideal solution for enterprise blockchain rollout and is an ideal candidate for the RWA narrative. Polkadot is also aligning with the AI narrative courtesy of its ongoing partnership with Origin Trail.
- Severely undervalued as its price is currently at an 89% discount from its previous ATH.
- Polkadot is aligning with AI and RWA narratives.
- Polkadot is one of the major blockchains but it still has a lot of untapped potential.
- It would require a $243.3 billion market cap to achieve at least a 30X from its current price point. An achievable goal considering Ethereum’s current market cap is almost double that target.
Filecoin(FIL)
There is another crypto segment called DePIN (decentralized physical infrastructure which could also be one of the hot narratives for the upcoming bullish altcoin phase. Filecoin, a decentralized storage network is one of the top candidates in the segment. It has been around since the previous bull run, giving it ample time to build up a strong user base. It has also managed to stay within the top 50 coins list by marketcap, thus demonstrating resilience while some coins have been given the boot from that list.
- Strong use case as decentralized storage could be an ideal solution for sensitive/essential data.
- Filecoin is one of the earliest projects in the DePIN category which is a key narrative.
- FIL tokens have utility and value as they are used to pay for storage as well as dapp creation.
- Its current price of $4.34 represents a 96% drawdown from its all-time high hence severely discounted.
- A 30X plus could be on the cards if its marketcap soars above $74 billion. Current market cap is slightly above $2.4 billion.
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Helium(HNT)
Helium is the first decentralized mobile network for IoT and it was also present during the previous bull market. The advantage of the multiple years of existence is that it has so far managed to move beyond the concept stage and has actually been gradually expanding its network. Numerous changes have happened over time, including its transition into being a Solana-native project. Its strategy makes it a unique contender for the DePIN segment.
- Unique approach that tapps into the spotlighted DePIN segment.
- Ample presence in the market hence proof of concept and growing infrastructure.
- HNT tokens are used as network incentives.
- Low circulating supply of just over 160 million tokens, coupled with hefty 89% discount from its ATH.
- A marketcap of $15.87 billion is necessary for it to achieve at least a 30X.
Summary of our crypto 30X picks
While the coins listed in this article have been picked based on a clear criterion, it is worth noting that there might be other projects out there that can deliver more gains. However, it is impossible to pick out the ones that will have a 100% certainty of achieving those gains. The list should also not be considered as a call-to-action as this is not financial advice.
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