The market was in the red due to the downtrend these days and it seems to be slowly starting to recover. In this tumultuous time, strong crypto entrepreneur Alex Becker has unveiled seven altcoins that he believes will rise 15x by early 2022 and reap big gains in the near future.
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Solana (SOL) is at the top of the analyst’s list of altcoins that have the potential to experience a 15x increase. Solana to provide DeFi solutions of blockchain technology permissionless It is a highly functional open source project based on its (permissionless) nature.
Officially launched in March 2020 by the Solana Foundation headquartered in Geneva, Switzerland, Solana is trading at $142 at the time of writing and has a market cap of over 44.3 billion, which places SOL at #5 on the list of cryptocurrencies. The analyst states that the more risk-averse in crypto, the more risk-free SOL is, offering a really great buy position.
Avalanche (AVAX)
The next altcoin with great potential that the analyst mentioned is Avalanche (AVAX). Avalanche is the fastest smart contract platform in the blockchain industry in terms of duration of certainty. Avalanche is incredibly fast, cost-effective and environmentally friendly.
If we want to take a closer look at how assertive Avalanche is in the crypto world, we can give an example; Any smart contract-enabled app can outperform its competitors by simply kicking in on Avalanche.
There are not very good buying opportunities for AVAX, but if traders hold it long or low and wait for the confirmed reset, this will potentially pump their money and multiply. Again, according to the analyst, a price target of $ 300 is a very achievable target for the altcoin, which has a market cap of over $ 21 billion and is traded at $ 89.66.
Polygon (MATIC)
The third altcoin on the analyst’s list is Polygon (MATIC). Polygon is the world’s first well-structured, easy-to-use Ethereum scaling and infrastructure development platform. The core component of the framework, the Polygon SDK, is a modular, flexible framework that can be used to build a variety of applications.
MATIC is currently trading at $2.34 and has a market cap of over $16 billion. This altcoin was performing quite well until the market correction and traders are expected to take action because of it. Talking about MATIC, an altcoin beloved by whales, the analyst believes that ETH needs Polygon to move forward, so the altcoin will perform quite well.
Phantom (FTM)
The next altcoin with high potential that the analyst mentioned is Phantom (FTM). Fantom is a Directed Acyclic Graph/Directional Flat Tree (DAG) smart contract platform that provides DeFi services to developers using its bespoke consensus algorithm.
The analyst thinks that FTM, which is currently trading at $2.37 with a market cap of over $6 billion, will soon reach its target market cap.
Stating that if you really want to make a lot of money, the altcoin you should look at is Phantom, the analyst thinks that it will experience a price movement similar to that of AVAX from FTM and reach a similar market value.
Cosmos (ATOM)
If the next altcoin in the 15x list is Cosmos (ATOM). Cosmos describes itself as a platform developed to solve some of the “hardest problems” facing the blockchain industry, and its purpose is to build on blockchains connected as an antidote to “slow, expensive, scalable and environmentally harmful” Proof-of-Work protocols such as those used by Bitcoin. He says it is to provide an ecosystem that is formed.
Cosmos (ATOM), which the analyst says will perform very well thanks to this narrative alone, is currently trading at $38.36 with a market cap of over $8.6 billion. According to Becker, people’s interest in Cosmos is very high and there is a big explosion potential in the near future.
Terra (Luna)
The next big potential altcoin on the analyst’s list Terra (Luna). Terra is a blockchain protocol that uses fiat-pegged stablecoins to power price stable global payment systems. According to its White Paper, Terra combines price stability and wide adoption of fiat currencies with the censorship resistance of Bitcoin (BTC), offering fast and affordable payments.
According to the analyst, LUNA is also a great altcoin to provide a buy today, win tomorrow strategy. Becker says that the altcoin, which is trading at $ 73 at the time of writing and has a market capitalization of about $ 27 billion, is a great option for investment.
Moonriver (MOVR)
Last on the analyst’s list of altcoins with 15x potential is Moonriver (MOVR). Located in Kusama and complete Ethereum It is a smart contract platform with compatibility. The goal of the project is to make it easy to use popular developer tools to create or redistribute Solidity-based projects. It uses the Ethereum Virtual Machine (EVM) so that developers can efficiently export their projects to Moonriver. It is intended to be a companion network to Moonbeam, a permanently promoted canary network.
Thinking that Polkadot will eventually take over the market, the analyst thinks that Moonriver will increase as a result of the developments in this ecosystem.
The analyst says he feels very good about Moonriver, which is priced at $169.48 at the time of writing and has a market cap of around $434 million, and that the altcoin has plenty of room to grow due to its low market cap.
“All you have to do with these altcoins is to hold them long term and sit back… It is likely to reach a $5 billion market cap.”
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.