3 Cryptos That Could Be Multibaggers: February Edition

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By David Brooks

As risky assets continue to rise, investors are increasingly looking for stocks with high reward potential to capitalize on this momentum

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ether (ETH-USD) And Bitcoin (BTC USD) are on the list of good options for cryptocurrency investors. But wait, examining small-cap altcoins offers the chance to make big gains at the expense of even bigger dangers. A dynamic investment environment could be created by market events that everyone is nervous about, such as interest rate hikes and halvings. These could drive up the value of cryptocurrencies.

Look for quick 10x to 50x coin returns in the past bull market and prioritize blue-chip assets over speculative altcoins. Hold blue chip assets until 2030 to earn higher returns.

Basic Attention Token (BAT-USD)

Concept coin “Basic Attention Token” (BAT-USD) in front of a stack of cryptos and two dice with the inscription “

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In the year of the Bitcoin halving, investors bet on altcoins in the hope of making lots of profits. Brave browsers Basic attention sign (BAT USD) offers its traders numerous incentives. Brendan Eich, co-founder of Mozilla, planted and maintained BAT in 2017. It uses Ethereum’s PoW mechanism. It is a blockchain-based advertising network that processes payments between content producers, advertisers and users.

As an ERC-20 token, BAT enables smart contract creation and irreversible payments. With a limited supply of 1.5 billion, it can be mined. The widespread adoption of Brave In five years, BAT’s value could rise, and increasing interest in digital privacy could improve its long-term prospects.

With NFTs and DeFis in the works, along with community initiatives, it could move forward BAT in 2024 to $1.2921. However, the competition could see the price reach $0.9463 or even $0.6554.

Aptos (APT-USD)

3D rendering of Aptos tokens. Editorial illustration.

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A layer 1 blockchain network called Aptos (APT-USD) increased significantly in the fourth quarter of 2023 as the cryptocurrency market began to recover, as shown by several key metrics. Messari claims that APT’s market cap rank rose to 33rd as its circulating market cap increased 126% quarter-on-quarter to $2.9 billion. APT increased by 75% quarter over quarter, while prices increased less.

Apos reported fourth-quarter revenue growth from protocol fees, with fourth-quarter revenue increasing 10% to over 46,000. USD sales skyrocketed by 30% to $345,000. In December, there was a daily increase in sales due to an “inscription madness”.

With a market valuation of more than $2.29 billion, Aptos could rise to over $9.32 by 2025 given its conservative growth rate and historical performance. However, the estimate could be derailed by external variables and the volatility of the cryptocurrency market.

Internet Computer (ICP-USD)

A concept photo for the Internet Computer Cryptocurrency (ICP).

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The Internet Computer (ICP USD) recovered from the grave of its recent lows to reach $14. The price increased by 15.0% in just one week, from $11.95 to $13.94. The increases were 4.4% per month and 153% per year. Technical research suggests a possible 40.63% increase to $19.40.

ICP saw a 30% developer growth spurt and is on pace to triple daily burn cycles by 2024. The company operates in 22 countries worldwide and has the strength of a multi-chain model and key exchange partnerships. Technically speaking, it shows fading trading momentum.

New DeFi collaborations strengthen the ecosystem while paying close attention to awareness and acceptance.

At the time of publication, Chris MacDonald did not hold, directly or indirectly, any positions in the securities mentioned in this article. The opinions expressed in this article are those of the author and are subject to InvestorPlace.com’s publication policies.

Chris MacDonald’s love of investing led him to pursue an MBA in finance and to take on a number of leadership roles in corporate finance and venture capital over the past 15 years. His past experience as a financial analyst, coupled with his eagerness to find undervalued growth opportunities, contribute to his conservative, long-term investment perspective.

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