Looking for cryptocurrencies that ensure 10x returns in the future? Here they are.
2022 has not been the best year for crypto investors, with market crackdowns and coins plunging down to all-time lows. But the overall crypto market is recovering. Several investors want to know which are the next cryptocurrencies to buy for 10x returns. Let’s find out.
1. Shiba Inu (SHIB)
An early investment in this meme token could help you generate massive returns in the long run.
Shiba Inu tops the list of our next cryptocurrencies to buy for 10x returns. There are several reasons for the bullish rally of SHIB, and the recent listing of SHIB on the Robinhood exchange is one among them. The team has also announced plans to launch the much-awaited Shibarium-powered metaverse. The SHIB token has spiked on the news, providing the necessary pump required for a 10x gain.
Besides, the Shiba Inu ecosystem has initiated its plans for an effective burn mechanism in order to reduce supply and help pump prices. According to crypto enthusiasts, a number of other factors also seem to trigger the meme coin’s price further in 2022, making it one of the top cryptocurrencies to buy for 10x returns. Factors like interest from retail investors, institutional adoption, and the plans for its own blockchain or layer-2 solution to lower costs are few reasons why Shiba is the next big crypto to buy.
2. Yearn.Finance (YFI)
YFI is primed for growth as yield farming gains adoption, making Yearn Finance the top crypto to buy for 10x returns.
With its unique toolset that leverages proprietary protocols to increase investor yields, Yearn Finance has positioned its place as a top cryptocurrency in the market. It is one of the leading decentralized finance projects, a group of protocols hosted on the Ethereum blockchain. All the users of Yearn seamlessly enjoy a streamlined approach to DeFi. The platform also offers unmatched security and an open-source code assessed by the community.
The purported goal of Yearn Finance is to maximize returns on your cryptocurrency by analyzing different lending platforms in search of the best available yield. The platform is known for its capability to maximize the revenue that is earned through digital assets by yield farming.
YFI earned massive popularity this year as it sponsored the ETHAmsterdam 2022 Hackathon in April. Over hundreds of Web3 engineers and innovators joined together for a weekend to build, learn, and compete for around $400,000 in prizes.
3. Solana (SOL)
Solana is one of the fastest-growing blockchain networks in the crypto sphere.
SOL saw tremendous growth in its price last year, and analysis shows that the coin is all set for its massive rally in 2022. Unlike other popular blockchains, Solana employs a unique Proof-of-History (PoH) algorithm that allows the blockchain to operate quickly, maintaining security and decentralization. Thanks to this mechanism, Solana can process over 250,000 transactions a second, marking it a viable competitor to Ethereum (ETH).
Moreover, Solana’s ecosystem covers several lending protocols, DeFi projects, NFT marketplaces, Web3 Apps, and decentralized exchange (DEX) projects, making it a top choice for developers.
Several factors make Solana one of the top cryptos to buy for 10x returns. Recently, the platform announced that the Solana Hacker House World Tour would be making a comeback in new cities globally, including London, Tokyo, and Barcelona, fueling SOL’s popularity globally. Further, the launch of Solana Pay has also significantly boosted Solana's demand and value to new highs.
4. Polkadot (DOT)
Polkadot is one of the top cryptocurrencies quickly gaining popularity amongst investors.
Polkadot is a next-generation, cutting-edge blockchain protocol that brings together numerous specific blockchains under a unified network. Thanks to its interactive nature, Polkadot is gaining massive interest from investors. Some crypto experts even see Polkadot as an inevitable progression of cryptocurrency.
Polkadot is a scalable business model, with sufficient room for future growth. With its parachains going live and the rapid growth of its ecosystem has positioned Polkadot as one of the top cryptos to buy for 10x returns.
The demand for DOT has increased rapidly, with Moonbeam Network completing its launch process and becoming the first fully operational parachain on Polkadot. Moonbeam has plans to deploy over 80 projects using its protocol. Moreover, four additional parachains are waiting in the wings, making DOT a crypto with tremendous growth potential.
5. Uniswap (UNI)
The next cryptocurrency to buy for 10x returns is Uniswap.
Moving away from the conventional cryptocurrencies, Uniswap operates on a decentralized P2P exchange automated market maker protocol (AMM), enabling the trade of crypto assets. For those who believe in the future of DeFi, Uniswap could be the top cryptocurrency to invest in now.
Uniswap has always been consistent with its upgrades, the latest being Version 3. Uniswap Version 3 provides up to 4,000 times capital efficiency. The upgrade came into effect during Ethereum’s mainnet launch. Moreover, the platform has also announced the launch of the Swap Widget. Any website can embed its Swap Widget and see users access the platform’s features. This allows websites to easily enable access to Uniswap functionality by simply pasting a line of computer code.
Cryptocurrencies are inherently volatile and risky investments, but they could be a significant part of your well-balanced portfolio with sound planning and research. The crypto market is filled with thousands of cryptocurrencies with a promising future. If you want to ensure that your investment brings in 10x returns, invest in any of these next cryptocurrencies listed above.