The crypto market has seen an upsurge recently with Bitcoin (BTC) showing signs of a recovery. However, this does not totally eliminate the fears that investors have about where to plunge in their funds. It is likely that inexperienced traders may launch a sporadic buying spree for Fear of Missing Out (FOMO) on the current bull market.
There are top 3 crypto that have shown resilience over time and could possibly join the next bull run with a 10x price surge.
Ethereum
Ethereum (ETH), the second largest cryptocurrency by market capitalization, is one such crypto that could make its holders millionaires with up to a 10x growth in the long run. According to CoinMarketCap data, Ethereum currently trades at $3,904.93 with a 3.58% increase within the last 24 hours.
This price is in response to the United States Securities and Exchange Commission’s (SEC) recent approval of spot Ethereum ETF trading. The offering is yet to resume trading but when this eventually happens in a matter of weeks, it could trigger the Ethereum price to reach new levels.
A 10x increase would mean that Ethereum trades at about $39,000, inching closer to BTC.
Solana
Solana recently earned the title of fastest blockchain in the world, according to CoinGecko insight. It has outperformed notable competitors such as TON, Polygon, Ethereum, and Bitcoin on different metrics with a Transactions Per Second (TPS) of 1,053. These encouraging sentiments constantly reflect on the market value of the native token of the network SOL.
At the time of this writing, SOL was trading at $167.24, a reasonable growth from its $80 level in January. This digital asset holds the potential for massive 10x growth to push it to more than $1600. There are already talks about SOL being next in line for a spot ETF approval.
Shiba Inu
Canine-themed Shiba Inu (SHIB) could see a meteoric rise in price in the next bull run fueled by several events including Donald Trump’s plan to accept the memecoin for his political donations. Usually, an increase in the utility of a crypto asset might trigger a positive response in the price of the coin.
With a current market price of $0.00002481 and a 1.68% increase in the last 24 hours, SHIB may join the next bull run to lose one of its zeros. While this is not trading advice but for informational purposes, investors are advised to take a deeper look into the potential of these cryptos.
Disclaimer: The information provided in this article is for informational purposes only. It does not constitute investment, financial, trading, or any other sort of advice. You should not treat any of Crypto-Vanguard’s content as such. Crypto-Vanguard does not recommend that any cryptocurrency should be bought, sold, or held by you. Do your due diligence and consult your financial advisor before making any investment decisions.