3 High-Growth Cryptocurrencies that Could Soar by 100% or Better According to Experts

There’s a cryptocurrency on this list analysts think can climb by 200%, if a rumored upgrade is confirmed

Last Updated September 7th 2021

5 Min Read

Key Points

A highly scalable platform blockchain with a rumored upcoming coin burn feature
A meme coin that is funding a 2022 SpaceX moon mission
A platform blockchain that is about to introduce smart contracts

The crypto market has made a strong rebound since its lows in June, and now has a market capitalization of $2.36 trillion. Some altcoins have even made new all-time highs in the past month.

While this can create the impression that all the good cryptocurrencies are now overpriced, the reality is a little different.

These three are high-growth cryptocurrencies that have the potential to easily rally by a further 100% from their current prices. Here is why experts believe these cryptocurrencies are way too low at the moment.

Solana

Solana (SOL) may be up 40x this year, but it is nowhere near its peak. That’s because its sudden rise to become the 7th largest cryptocurrency is not hype. It is a reflection of the huge amount of activity happening on this blockchain.

There has been an upsurge in the number of DeFi projects building on top of Solana. The number of NFTs being launched on this blockchain are on an exponential growth path too.

All this has to do with the fact that Solana is one of the most scalable platform blockchains out there. What Ethereum is trying to achieve with Ethereum 2.0, Solana already has it, and it has been proven to work very efficiently.

Solana has the capacity to handle over 50k transactions per second, and its costs stand at around $0.00025 to $0.0001 per transaction. This is much lower than Ethereum, and even beats centralized financial systems such as Visa.

Solana is able to scale to such levels, and at a low cost, because it takes a different mode of operation from other Proof-of-Work and Proof-of-Stake cryptocurrencies.

Unlike other blockchains where miners or validators have to communicate with each other, Solana does not require such communication. Instead, this blockchain uses cryptographic time-stamps, hence cutting on time and increasing transaction speeds.

By providing a highly scalable, and affordable transactions environment, one can expect that the value of SOL will only go higher. That’s because, it is the native token to this blockchain, and the one needed for all transactions that happen within it.

Another factor that could see Solana blow through its current prices is the much-talked-about token burn. The Solana team recently announced a feature called ignition but did not provide any details on it, creating speculation that it was a coin burn feature.

It’s what triggered the rally through $100 and to its current prices. If it’s indeed a coin burn feature, then it could easily see Solana trade at over $1000 per token in the near term.

That’s because Solana is already in high demand for use in all the developments that are going on, within the blockchain.

Therefore, introducing a coin burn feature would mean making a highly in-demand product massively scarce. Applying simple laws of demand and supply, it’s not hard to see why there is consensus that Solana could run by another 100% or more in the short to medium term.

It’s definitely a top platform crypto worth buying today.

Check Out: Could Solana Be a Millionaire Maker Coin?

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Dogecoin

Dogecoin (DOGE) is yet to retest its all-time highs of $0.77, but that doesn’t mean that the momentum is lost.

While it has been lagging other major altcoins over the past two months, Dogecoin has all the hallmarks of crypto that can double or triple its current price within a very short time.

Its potential is not about the hype that characterized its price action in Q1 of 2021. This time it is an actual lunar mission that is primarily centered on Dogecoin.

SpaceX and Geometric Energy Corporation are working on a space mission that is not only named after Doge but is also funded in Dogecoin.

The media attention that this event will generate is guaranteed to create FOMO that could see it do several multiples its current price.

Besides the FOMO around this event, the wave of adoptions it’s likely to trigger could easily see Dogecoin trade at $1 or more within Q1 of 2022.

For context, during the last hype cycle that peaked in April 2021, this crypto was adopted by several large organizations including the Dallas Mavericks.

Dogecoin may be underperforming right now, but it definitely has the potential to perform extremely well between now and 2022.

Don't Miss: Is Dogecoin A Good Investment Opportunity?

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Cardano

Cardano (ADA) is one of the top cryptos performers this year and is up by about 2000% year-to-date. The main reason behind its rally, especially in August, is the upcoming introduction of smart contracts on the Cardano mainnet.

This is scheduled for September 12th and has created a lot of excitement around Cardano and for good reason. With smart contracts, Cardano will be in a position to take on Ethereum on everything from DeFi to NFTs.

Cardano’s technical metrics give it a huge shot at winning a sizeable portion of this market. For starters, it is easily one of the more scalable platform blockchains in the market today.

It has the capacity to easily handle over 200 transactions per second on-chain without impacting on its security or decentralization. Off-chain, through layer-2 solutions like Hydra, Cardano can theoretically handle a million transactions per second while still remaining decentralized.

This is a big deal because such features make it highly attractive for the development of complex financial solutions that can be used by millions of people simultaneously.

Since ADA is the token needed for all transactions on the Cardano blockchain, it then follows that an upsurge in usage would push up demand.

Considering how attractive Cardano’s technical metrics are, this demand could easily see it rally by 100% or more in the short term. Solana’s massive rally is a pointer to the direction that Cardano could take once it enables smart contracts on its mainnet.

Another factor that could see its price gain by 100% or more is staking. The recent price rally has led to an increase in demand for Cardano staking.

As more investors stake ADA, they take out a huge portion of it from everyday trading. This, in an environment of rising demand, is likely to drive up the value of ADA in the long run.