These altcoins have done it earlier and are capable of doing it again in the 2024-25 bullrun.
In this article, I will be talking about 10X 20X potential altcoins in this tier list. Let’s get started.
#1: Avalanche (AVAX)
My first pick today is Avalanche and its AVAX token. And just to let you know, the token is up 110% in the last 30 days. But I am not getting into AVAX only because of this pump. AVAX is a layer 1 chain with fast and low-cost transactions.
Citi has tested the use of blockchain infrastructure to price and execute simulated FX trades on Avalanche Evergreen Subnets.
This Proof of Concept from @Citi is part of Project Guardian, a collaboration by the Monetary Authority of Singapore (MAS) & the financial industry. pic.twitter.com/dVnmfG562r
— Avalanche (@avax) November 16, 2023
Avalanche also offers good scalability. Furthermore, it’s EVM compatible. All this gives a good competitive advantage in the coming bullrun. The platform works with three chains instead of one. All these three chains, handle different tasks. That’s why the platform is so efficient:
- This is, for example, good for gaming in Avalanche.
- In DeFi it’s also doing well. Avalanche takes the 7th spot of all chains measured by TVL. For example, the Trader Joe DEX started on Avalanche.
- It also has an extensive NFT scene. Currently, the Castle Crush collection has the highest trading volume. Dokyo seems to be their blue-chip NFT.
Avalanche is currently making waves. Since 17th November, daily transactions went from 1 million to 3 million. AVAX has also been doing great recently. Avalanche also burns all transaction fees, so it’s deflationary. The current AVAX price is $20.03. That’s up 5% for the day.
Avalanche has experienced impressive growth of over 131% in the past 30 days.
With institutional adoption of their subnets coming from financial giants like Citi and JP Morgan, Avalanche looks to be the lead for legacy financial companies looking to enter the crypto ecosystem. pic.twitter.com/9tLAIixvuJ
— Messari (@MessariCrypto) November 20, 2023
However, during the last 14 days, it was up by 79.9%. For the last 30 days, it’s even better, with 142.6% up. 8 That is still 85% down from its ATH of $144.96 in November 2021. To get back there is a 7x, and I expect it to do better.
#2: Chainlink (LINK)
Chainlink has been on fire recently. I will get back to that shortly. First, for those who didn’t know this, Chainlink is an oracle. It’s by far the most successful and used oracle in the crypto space, to date.
#Chainlink Staking v0.2 is launching this year ⬡
Mark these dates on your calendar
• Priority Migration: November 28, 2023 at 12PM ET
• Early Access: December 7, 2023 at 12PM ET
• General Access: December 11, 2023 at 12PM ETPlanning to stake your LINK? Read this pic.twitter.com/VdvVx81MSt
— Chainlink (@chainlink) November 9, 2023
The crypto space is in dire need of oracles. The reason is simple. Blockchains can’t communicate with our real-life world. So, oracles provide all the real-time information to blockchains. For example, sports results, weather information, or how about crypto prices? July saw the launch of their Cross-Chain Interoperability Protocol (CCIP). This is a simple interface that connects dApps and web3 entrepreneurs, cross-chain.
The current price of LINK is $14.08. That’s 6.3% up for the day. Over the last 30 days, LINK is up by 96.4%. For a year, LINK saw sideways action between $6 and $8. A recent top was $16.26, so a 2x. Its current ATH is $52.70 from May 2021. That’s another 3.5x from here. I can see LINK breaking out big time during this bull run.
Through transparent infrastructure and conflict-of-interest-free data, #Chainlink Data Streams empower DeFi apps to create high-integrity markets where users receive fair execution on their trades.
Build next-gen trading experiences with Data Streams: https://t.co/KjNNS1xtt5 pic.twitter.com/KVUKdXyZwU
— Chainlink (@chainlink) November 21, 2023
#3: Arweave (AR)
Arweave is all about data storage. And, oh boy, do we ever need that nowadays. We create 328.77 million terabytes of data per day. Now, in all fairness, not all this data requires storage, but a lot of it does. You know what is interesting, this is only scratching the surface. Data usage will only increase over the coming years.
How does AI enable global scale consumer crypto on Arweave’s permaweb? @TheDataOS has the answer.
Using autonomous AI agents, DataOS will dynamically and efficiently serve content stored on Arweave to its users in a chatGPT-like app experience.
Let's explore! pic.twitter.com/cGmi1VKLOa— Forward Research (@fwdresearch) November 22, 2023
So, anybody offering data storage is in for a ride. Now, Arweave is not the only platform offering data storage. However, it has a few unique features that make it stand out. For example, it offers,
Data storage for 200 years. This is their permanent storage solution and has a one-time fee. It’s part of their Permaweb. For instance, Avalanche, Solana, Cosmos, or Polkadot, store their blockchain data on Arweave.
Monthly transaction count on Arweave keeps reaching new all time highs, and is now parabolic with over 171 million transactions so far in November.
Arweave is onchain data storage at any scale. pic.twitter.com/Z54KnIDCPR— Forward Research (@fwdresearch) November 20, 2023
The current price of AR is $7.68, which is up 9% for the day. Over the last 14 days, that was 34%. Make that 126.5% over the last 30 days. Still, over the last year, it’s still 13.1% down and its ATH was at $89.24. 6 That’s 90% down. To get back to its ATH, AR needs a 10x. I think it will do much better than that. So, start counting.
#4: Celestia (TIA)
Celestia is my last pick for today. It recently arrived with a big bang on the crypto scene. With its mainnet launch on 31st October, there was also an airdrop. The TIA token started out with some sideways action above $2.3. However, ever since, it has seen an uptrend. It reached its current ATH only a couple of days ago, at $7.33. So, that airdrop doubled if you managed to hold on to it.
Celestia mainnet is live https://t.co/Sj7RAfTh4W pic.twitter.com/Sd6CsU2dwL
— Celestia (@CelestiaOrg) October 31, 2023
But that’s not all, Celestia has a good narrative and fundamentals. It’s ready for much more uptrend in the future. Celestia’s journey has just started. That’s another reason why it fits in today’s altcoins list.
It calls itself the first modular network. In other words, it only offers consensus and data availability. A moment ago, we already saw with Arweave how important data is. So, now developers have the perfect platform to build their own blockchains. Celestia offers the infrastructure for them.
It calls the Cosmos Hub its home. In case you missed it, the Cosmos Hub is absolutely on fire. Projects like:
- Injective (871% up in 1 year).
- Akash (770% up in 1 year).
- Kujira (385% up in 1 year).
@celestiaOrg can already reduce gas fees on OP Stack by >100x
With the launch of Celestia, we wanted to try building on top of it, so we deployed 2048 as a fully onchain game with an OP Stack L3 of Base Goerli.
Check it out here: https://t.co/c3CPr2AqSc pic.twitter.com/f9d4R5x5xJ
— Upnode (@upnodeIntern) November 16, 2023
They are all doing great. Celestia easily slots in with 197% up in only 14 days.
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