- Meme-driven altcoins like WSM and Sonik have promising potential.
- Launchpad XYZ provides a good investment opportunity in the Web3 ecosystem.
It can be a bit tricky to pick the right altcoin to invest in, with so many well-established tokens in the crypto ecosystem. Quite a few intimidating projects are being launched very frequently as well. With some altcoins superseding the likes of BTC and ETH, it’s hard to not acknowledge their presence and treat them as an investment opportunity. The article provides the top 10 altcoin projects that are either on the rise as of now or have formidable potential to outshine in the future.
1. Wall Street Memes (WSM)
With a massive online following and a very enticing, quirky premise added to it, this meme token has managed to raise more than $300,000 within 24 hours of its presale launch. The cumulative total now stands at $26 Million in the short span of just 12 weeks. It is extremely popular in almost every recognizable social media space and just like Dogecoin, Elon Musk’s tweets have played a significant role in its boost from rags to riches.
2. Sonik- ERC20 Meme
Expected to escalate to $100 Million in market cap, Sonik is an interesting option to look into. Its model works by rewarding users for staking their coins. It draws on the clout of the popular Sonic the Hedgehog phenomenon meme, even though it claims no direct association with it. Sonik has already provided colossal profits of over 26.650 % APY (Annual Percentage Yield)
3. Launchpad XYZ
Launchpad is pivoting its way into becoming one of the best altcoins as it influences the dynamic Web3 landscape. It is a platform that deals with simplifying and summarizing data such as market sentiment for various cryptocurrencies, assisting in providing profound insights to users.
With an easy-to-use and compatible interface, it is an upcoming altcoin with lucrative potential. The system of yPredict works with AI experts to help them design algorithms and make use of innovative AI technologies like NLP (Natural Language Processing)
This is a charity-driven altcoin that has a P2E (Play to Earn) ecosystem. Chimpzee is an environment-conscious token project that aims to preserve and protect wildlife through its token. 10% of the token supply is sent to charities that are associated with the platform.
Another token works for an environment-conscious purpose, which promotes EV adoption in developing countries. It is the first automotive blockchain project built on the Binance smart chain. eTukTuk token has a total cumulative supply of over 2 Billion tokens
It is one of the latest additions to the play-to-earn blockchain scene. With a massive profit potential and a very engaging gameplay interplay, it has garnered the attention of many crypto enthusiasts. Recently, it had more than $3.8 Million in funding and already had over 10,000 users on its list.
8. Scorpion Casino
It is an upcoming crypto-betting platform that will have over 200 casino games. Its ongoing presale has generated a whopping revenue of over $660,000.
Having an interoperability web development allowance with a layer 0 meta chain protocol, Polkadot has an unparalleled 1M TPS speed potential.
One of the most popular cryptos, which has Elon Musk as its unofficial brand ambassador for the longest run, its wide recognition makes it a hot pick for a crypto platform to invest in.