Even though 2022 has been poorly affected by a bear market, experts predict that from 2023 onward, several cryptos are going to hit new all-time highs. The two market leaders, Bitcoin (BTC) and Ethereum (ETH) are predicted to hit $100,000 and $10,000 in the following years. As the rest of the market tends to follow the trend of the two powerhouses, now could be one of the best times to invest in cryptocurrency.
Take a look at these 5 cryptos with multi-bagger potential by 2025. Investing in these assets now could make you a crypto millionaire in a few years.
Ethereum
Standing at the top alongside Bitcoin (BTC), Ethereum (ETH) is a market-leading cryptocurrency created to serve various purposes.
Users can use Ether (ETH) as a store of value, and developers can also build platforms on the Ethereum network. Majorly, users adopt Ethereum as a store of value while developers, as mentioned earlier, use the Ethereum network to create cryptocurrencies.
One of the reasons why ETH is a reputable token is because a lot of what is related to Decentralised Finance (DeFi) applications and Non-Fungible Tokens (NFTs) rely on the Ethereum technology to function.
The much-anticipated upgrade to a Proof-of-Stake network will debut soon and address many platform issues. With the final Merge happening on the Ethereum mainnet, the coin’s price is expected to hit at least $10,000. In fact, many believe that ETH could overthrow Bitcoin, making it one of the top 5 cryptos with multi-bagger potential by 2025.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Binance Coin
Binance is the biggest cryptocurrency exchange in the world and its native token, Binance Coin (BNB), is one of the most popular altcoins.
After hitting an all-time high of $690.63 on May 10, 2021, BNB proved to be a token with massive potential and an undeniably bullish life cycle. The coin is widely adopted due to its diverse utility and the popularity of Binance as a platform.
Binance created Binance Coin (BNB) as a utility token for discounted trading fees. However, its uses have extended to numerous applications, including travel bookings, payments for transaction fees (on the Binance Chain), online service payments, entertainment, and financial service payments. In addition, the numerous use cases offered by BNB make it an enticing investment option.
BNB is speculated to hit $500 before the year ends and around $610 by the end of 2023. Hence, experts believe BNB to be one of the 5 cryptos with multi-bagger potential by 2025.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Ripple
XRP is an open-source cryptocurrency that uses an open-source distributed ledger called XRP Ledger. It was developed by Ripple, an enterprise blockchain company that facilitates global transactions. Ripple says XRP was built for payments and can settle transactions faster, more reliably, and at a lower cost, making it one of the top cryptos.
XRP appears on an increasing number of global exchanges and has been embraced by some financial institutions. The company also insists it has a growing pipeline of businesses interested in using XRP in their payment flows.
Ripple’s high speed makes it a preferred choice for most banks as people demand faster transactions. As a result, it is poised to become an integral technology in bank money transfer systems. So, investing in XRP now can boost your chances of success as it is one of the top 5 cryptos with multi-bagger potential by 2025.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Stellar
Stellar is a decentralized network on which users can create, send and trade several types of cryptocurrency. It was created in 2014 and launched in 2015 to bring financial systems together under one network.
Like other decentralized platforms and exchanges that use blockchain technology, Stellar is spread across multiple servers. This means that the activity carried out on this network is not monitored by a singular source.
Unlike its main competitor in the market, Ripple, Stellar focuses on the needs of the individual rather than large financial institutions. As a result, its native token XLM is easily accessible and can be found on the top cryptocurrency exchanges and brokerages worldwide.
Given Stellar's sheer level of expertise and its unique approach to the market, it is no surprise that XLM is one of the most popular cryptocurrencies in the world today. You can expect this popularity to rise as more people enter the blockchain sector. XLM could hit $2 by 2025, making it one of the best 5 cryptos with multi-bagger potential.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
FTX Token
The popular cryptocurrency derivatives exchange FTX had an outstanding few months in 2021. It offers crypto derivatives trading, including futures and options. Instead of more traditional margin trading, which traders can use to multiply their gains or losses, the exchange uses leveraged tokens. These let customers take a leveraged position without dealing with the complexities of full-margin trading. The exchange’s utility token FTT can be used to reduce trading fees on the exchange or serve as collateral against futures positions. It can also be staked to earn interest and get the chance to win NFTs.
FTX set out to solve several problems faced by other derivatives exchanges, such as tedious trading processes, poor liquidity, and so-called "clawbacks." (Clawbacks are when money is taken from various investors to cover another person's bankruptcy.) By using FTT, users can earn free rebates, get discounts on their trading fees, and can stake the tokens to receive high referral bonuses. Furthermore, they can vote in the community governance procedure.
FTT has even burned a portion of the supply to decrease the inflation of the token supply, which contributes to a healthy coin value.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Bottomline
The 5 cryptos discussed above are a healthy starting point for new investors because of their multi-bagger potential.
Read More:
The 5 Best Ways To Buy Binance Coin (BNB)
The Best Places To Buy Ripple (XRP)
Top 10 Cryptocurrencies With The Most Potential
Top 10 Best Penny Cryptocurrency To Buy
Best Long-Term Crypto Investments