Despite Bitcoin being the leader of the market and the most popular token for several years, many altcoins have outperformed BTC price in terms of return on investment (ROI) over the past few years and could continue to do so in the upcoming years.
The fundamentally strong mid-cap and low-cap projects that have the potential to push boundaries and bring a change in the existing system are the ones that witness massive surges in their respective value, further giving good ROI to their investors.
In this article, we have covered the top 3 altcoins that have the potential to reach a market cap of $50 Billion this year.
Avalanche (AVAX):
The Avalanche Blockchain, with its native token AVAX, is known for its scalability and speed in the industry. It is the prime competitor of the Ethereum blockchain and prioritizes its transaction speed. The AVAX token is used for paying transaction fees and securing the Avalanche blockchain.
The Avalanche (AVAX) token had a market cap of $14.835 Billion at the time of writing, and with a positive uptrend in the crypto market, the price is expected to achieve new highs in the coming time.
For AVAX to achieve the $50 Billion mark, it has to record a surge of 237.041% in valuation. This token’s strong fundamentals and a previous all-time high (ATH) of $146.22 make it a top pick for this list.
Dogecoin (DOGE):
Launched in the year 2013, Dogecoin is a peer-to-peer open-source cryptocurrency with limitless potential in it. The memecoin is popular for being used as a reward for posting content on Reddit and other social media platforms.
The Dogecoin (DOGE) token had a market cap of $12.152 Billion at the time of writing and with its large userbase of over 6 Million unique users and the upcoming major events in the industry, DOGE price is predicted to gain major traction and possibly record a new high.
For DOGE memecoin to achieve the $50 Billion mark, it has to display a jump of 311.455% in value. Considering the strong fundamentals of this token and a previous all-time high of $0.7376, it is a high-potential coin for this list.
Bitcoin Cash (BCH):
The popular alternative version of Bitcoin, Bitcoin Cash, enables a peer-to-peer payment system between individuals. BCH has a circulating supply of 19.644 Million BCH and a total supply of 21 Million BCH. Further, the transactions on this network are faster and cheaper when compared to most platforms.
The Bitcoin Cash (BCH) token had a market cap of $5.319 Billion at the time of writing this article. With the upcoming Bitcoin Halving in the coming months, the BCH price is predicted to record massive price action this year and possibly record a new high soon.
For the BCH token to achieve the $50 Billion mark, it has to display a jump of 840.026% in valuation. Considering the historic price sentiments, strong fundamentals, and a previous ATH of $4,355.62, this project has the highest potential of achieving the target this year.
Conclusion:
The cryptocurrency industry continues to gain momentum by integrating more unique projects with a higher number of users adopting this financial system daily. With the upcoming several major events this year, the crypto market is prepared to witness massive price action in the coming time.
NOTE: This article is only for research purposes and not a piece of financial advice. The tokens are not for promotion purposes and were picked purely based on their historic price sentiments, recent updates, market sentiments, and supply. Hence, do your own research before investing in any digital asset.
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