Earn massive returns by investing in these top 5 cryptocurrencies with high growth potential.
The past decade has seen the rise of cryptocurrencies across the globe. Cryptocurrencies are digital money not managed by a central system like a government. Instead, it is based on blockchain technology, with Bitcoin being the most popular asset. As digital money continues to gain traction on Wall Street, more and more options are available. There are currently over 19,000 cryptocurrencies on the market.
While you can use cryptocurrency to make purchases, most people treat it as a long-term investment. However, volatility makes investing in cryptocurrency risky, as demonstrated by the recent freefall in the market. It is important to know what you are getting into before you buy in. Many crypto assets have generated 100x returns over a few months, while many have plummeted immensely.
To make things easier, here is a list of 5 cryptos with 100x returns to watch out for.
Fantom (FTM)
Fantom is one of the fastest and cheapest blockchains to use, and adoption has exploded since 2021, especially in the decentralized finance (DeFi) industry. It is a highly scalable, DAG-based smart contract platform for decentralized applications (dApps). The cryptocurrency for the network is FTM.
According to Fantom's whitepaper, they use DAG (Directed Acyclic Graph) technology due to the slow transaction times of typical blockchains like Bitcoin and Ethereum. This growing crypto has positioned itself as a faster and cheaper alternative to Bitcoin (for money transfers) and Ethereum (for development platforms), thus making it to the list of 5 cryptos with 100x returns to watch out for.
In the Web 3.0 environment, FTM has created a winning crypto-business model by combining a safe system with decentralization and increasing scalability. This has made FTM one of the hottest coins in the market.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Polygon (MATIC)
MATIC is an Ethereum token used to power the Polygon Network, an Ethereum multi-chain scaling solution. Polygon, formerly known as Matic Network, aims to improve interoperability between the Ethereum blockchain and compatible networks. Over the past few years, the platform has seen a significant increase in traffic.
Originally, the network was only a Layer 2 Scaling Solution, but later it became an ecosystem of independent, collaborative, and interactive Ethereum-based blockchains.
The team built Polygon to scale Ethereum decentralized applications (dApps) and other blockchains. Features like ETH compatibility, scalability, security, interoperability, user experience, developer experience, and modularity help the platform reach its goal. In other words, Polygon increases the processing speeds of all applications deployed on its network.
Using a customized version of the Plasma Framework built on the proof-of-stake (POS) algorithm, the network handles up to 65,536 transactions per block on each sidechain. This means Polygon processes around 65,000 transactions per second (TPS), making MATIC one of the top cryptos with 100x returns to watch out for.
Currently, more than 400 dApps are using the Polygon infrastructure. These include projects in decentralized finance, NFT & gaming, decentralized autonomous organizations (DAO), oracles, wallets, and business-to-business (B2B) technologies.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Avalanche (AVAX)
Created by Ava Labs, Avalanche is a layer-1 blockchain that operates as a platform for custom blockchain networks and decentralized applications (dApps). The blockchain is targeting to perform better than the Ethereum network, which is the most popular blockchain for smart contracts.
The Avalanche platform has an elevated output of nearly 6500 transactions every second without compromising scalability. In addition, it describes itself as a programmable and open smart contracts platform for several decentralized applications.
Many dApps have joined the Avalanche ecosystem across various use cases, making it a fully-featured network right from launch. Such applications include bZx, Prosper (a decentralized non-custodial prediction market), and Jelly Swap, making Avalanche one of the top 5 cryptos with 100x returns to watch out for.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Decentraland (LAND)
Built on the Ethereum network, Decentraland is powered by its native token MANA. As the official token of the Decentraland game, investors look to the value of MANA as representative of the value created on this network. Those looking for exposure to long-term growth in blockchain-powered games in the metaverse will like how this token is positioned.
There is a reason metaverse-themed cryptocurrencies such as Decentraland are taking off. Interest in what the future of the metaverse holds is currently sky-high. Indeed, there is no doubt that MANA is one of the best altcoins for investors to put their money into for the long run.
These aspects make Decentraland (LAND) one of the top cryptos with 100x returns to watch out for.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Ethereum Name Services (ENS)
The Ethereum Name Service is a naming service for wallet addresses, hashes, and other machine-readable identifiers. It turns difficult-to-read strings of data into easily readable addresses. It works similarly to the Domain Name System (DNS) used for websites.
The project allows users to display long Ethereum public addresses in a simplified text-based way. This makes it easier to share, use, and remember addresses and other data. Turning machine-readable numbers into human-readable alternatives is essential to improve blockchain adoption. However, ENS is not just limited to wallet addresses. It can be used to represent transaction IDs, hashes, and metadata, all commonly found in the cryptocurrency world. In the end, these projects prove that usability determines a cryptocurrency's success. This makes ENS one of the top 5 cryptos with 100x returns to watch out for.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
In Conclusion
Most experts believe that the current market downturn is part and parcel of the game and that this could be the perfect time to enter the industry. Do your own research into the projects we have suggested, and you will also agree that these 5 cryptos could generate 100x returns.
Read More:
How to Make (or Lose) Money With Fantom (FTM)
The 5 Best Ways To Buy Avalanche (AVAX)
How To Buy Decentraland (MANA)
Top 10 DeFi Cryptocurrencies That Are Set To Explode
7 Promising And Cheap Cryptocurrencies To Invest In
What Are The Best NFTs To Buy?
Best Web 3.0 Crypto Coins To Buy
Best Crypto Under $1 - Cheapest Cryptocurrency To Buy Revealed