Crypto expert Camille Lemmens names 4 altcoins with high profit potential. The expert notes that these altcoins have done this before. Therefore, it is possible they can do it again in the next bull run, she says. The expert predicts that the tokens on this list have the potential of 10X and more.
Avalanche (AVAX) is at the top of the list
My first pick in this tier list today is Avalanche and its AVAX token. And I want you to know that the altcoin is up 110% in the last 30 days. But I’m not getting into AVAX just because of this pump. AVAX is a layer-1 Blockchain with fast and low-cost transactions.
Avalanche also offers good scalability. Moreover, it is EVM compatible. All of this provides a good competitive advantage in the coming bull run. The platform works with three blockchains instead of one. These three Blockchains perform different tasks. This is why the platform is so efficient. This is good for gaming on Avalanche, for example.
It is also doing well in DeFi. Avalanche ranks 7th among all blockchains measured by TVL. For example, Trader Joe DEX started on Avalanche. There is also a large NFT scene. Currently, the Castle Crush collection has the highest transaction volume. Dokyo appears to be their blue chip NFT. This altcoin is making waves right now. Since November 17, daily transactions have increased from 1 million to 3 million. AVAX has been doing great lately as well. Avalanche also burns all transaction fees. So it’s deflationary.
The altcoin has increased by 79.9% in the last 14 days. It is even better with an increase of 142.6% in the last 30 days. However, AVAX is still down 85% from its November 2021 ATH of $144.96. I expect him to get back out there (7X) and do better.
Second ranked altcoin: Chainlink (LINK)
cryptokoin.comAs you can follow from Chainlink is very popular lately. That’s why it’s my second pick in this tier list. I’ll be back to burning shortly. First of all, for those who don’t know this, Chainlink is an oracle network. It is by far the most successful and most used oracle in the crypto space to date.
The crypto world needs oracles badly. The reason is simple. Blockchains cannot communicate with our real-life world. Hence, oracles provide all real-time information to Blockchains. For example, how about sports results, weather information or crypto prices? In July, the Cross-Chain Interoperability Protocol (CCIP) was launched. This is a simple interface that cross-chains dApps and web3 startups.
The price of LINK at the time of writing is $14.08. This represents a 6.3% increase on a daily basis. The altcoin price has increased by 96.4% in the last 30 days. Over the course of a year, LINK has seen sideways movement between $6 and $8. The recent peak was $16.26, so 2x. Its current ATH is $52.70 as of May 2021. That’s another 3.5X from here. I can see LINK breaking out big during this bull run.
Arweave (AR) comes in third place!
Arweave is all about data storage. And we need this so much these days. We produce 328.77 million terabytes of data per day. Now, to be fair, not all of this data requires storage, but a lot of it does. You know what’s interesting, this is just scratching the surface. Data usage will increase further in the coming years.
So anyone offering data storage is in for a ride. Now, Arweave isn’t the only platform that offers data storage. However, it has a few unique features that make it stand out. Provides data storage for 200 years. This is their permanent storage solution and has a one-time fee. Part of their permaweb. For example, Avalanche, Solana, Cosmos or Polkadot store blockchain data on Arweave.
The price of AR at the time of writing is 7.68. The altcoin has seen a 34% increase in the last 14 days. In the last 30 days, this was 126.5%. Yet over the past year, it’s still down 13.1%. Meanwhile, AR’s ATH was $89.24. This means a 90% decrease. AR needs 10X to get back to its ATH. I think you will do much better than this.
Last ranked altcoin: Celestia (TIA)
Celestia is my final pick for today in this tier list. It has recently arrived on the crypto scene with a bang. An airdrop also took place with the launch of its mainnet on October 31. TIA token started with some sideways movement above $2.3. However, it has seen an upward trend since then. It reached its current ATH at $7.33 just a few days ago. So, this airdrop is doubled if you manage to hold it.
But that’s not all, Celestia has a good narrative and foundations. It is poised for many more uptrends in the future. Celestia’s journey has just begun. This is another reason why it made it into today’s list of altcoin projects. It calls itself the first modular network. In other words, it offers only consensus and data availability. We just saw how important data is with Arweave. So, now developers have the perfect platform to build their own Blockchain. Celestia provides infrastructure for them. Celestia easily makes it onto this list, up 197% in just 14 days.
The opinions and predictions in the article belong to the expert and are definitely not investment advice. We strongly recommend that you do your own research before investing.
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