Altcoins have increasingly become the darling of crypto investors who are keen on amassing impressive earnings in the rapidly expanding industry. This growing fascination can be traced to the tremendous success that Bitcoin has recorded over the last ten years. Since most of these altcoins come with significantly smaller market caps, they naturally offer ample scope for growth, thereby emerging as an appealing option for investors hunting for substantial gains. The following are the top three altcoins – not listed in any particular order – which hold promise to exponentially enhance your crypto portfolio in the forthcoming bull market.
Enter Memecoin (MEME), the innovative product birthed by the creative minds at the 9GAG team. After successfully introducing multiple non-fungible token (NFT) projects over the last year, the team has forayed into establishing their very own cryptocurrency, MEME. While MEME might seem like just another meme coin in the teeming crypto market, devoid of any guaranteed assurances or roadmap, it possesses one key factor that can single-handedly steer a project towards success – an exceptionally solid community. Sporting a hefty 2.8 million followers on its official Twitter account, Memecoin outstrips established meme coin peers such as Floki Inu while marginally trailing behind Shiba Inu, which boasts a robust following of 3.7 million. Coupled with a decidedly modest market cap of $180 million, Memecoin, backed by the tremendous support of its community, stands as an altcoin with burgeoning potential in the impending bull run.
Next in line is Liquity (LQTY), which has carved a niche for itself in the decentralized finance (DeFi) space, offering interest-free borrowing on the Ethereum network. This promising feature holds significant investment potential for those looking to take out loans without bearing the burden of exorbitant interests. History has shown us that these protocols held investor affection during the DeFi season recorded from 2020 to 2021, leading to an escalation in the value of their native tokens. Still trading at below $2, and a market cap just above $150 million, LQTY emerges as an altcoin with considerable potential for growth, especially in a bullish market.
Finally, the Shiba-Inu based BONE token has largely remained unnoticed in the past and could quite potentially be a game-changer. Anticipation is in the air with the imminent launch of the Shibarium network, a Layer 2 network built atop the Ethereum blockchain. Replacing Shiba Inu, the BONE token has been announced as its ecosystem’s utility token. As the network gains traction among users, it is expected to significantly boost the BONE token, given its prevailing market cap of less than $160 million and the considerable gap it has yet to bridge with its rivals in the marketplace.
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