Have you been thinking about buying crypto for a long time? Now could be your moment.
The upcoming Bitcoin (BTC USD) The halving event is coming soon. It is expected to have a significant impact on the cryptocurrency market. Historically, Bitcoin halving events, which occur approximately every four years, have been harbingers of bullish market cycles. This is due to the reduced rate at which new Bitcoins are generated, effectively halving supply while demand remains constant or even increases. This event tends to increase interest not only in Bitcoin but also in the broader cryptocurrency market.
Another point to note is the high correlation with Bitcoin and other altcoins. When Bitcoin goes up, these other coins go up and vice versa. All else being equal, coins and tokens with smaller market caps will rise more.
For investors looking to make a huge 10x profit in this bull market, let’s take a look at three cryptocurrencies to buy this month. I believe a $100,000 investment could realistically return seven figures.
Aptos (APT-USD)
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Aptos (APT USD) is a Layer 1 blockchain with a focus on scalability and security that launched its mainnet in October 2022.
The project uses the AptosBFT consensus mechanism and Move, an independently developed smart contract programming language. These thought leaders are originally engineers Metas (NASDAQ:META) Diem Project. The blockchain has a theoretical transaction throughput of over 150,000 transactions per second (tps) through parallel execution.
Aptos has a circulating supply of 366.77 million tokens, with an initial total supply of 1 billion APT. The current market cap is approximately $3.54 billion. This gives APT a strong advantage in addition to the strength of its network and community.
The project has attracted attention the crypto community. The proof lies in its ranking and significant interest on watchlists on platforms like CoinMarketCap. Therefore, for investors with high risk tolerance, it could be a cryptocurrency to buy.
Basic Attention Token (BAT-USD)
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Basic attention sign (BAT USD) operates the Brave browser and rewards users for watching ads. With over 50 million monthly users and its integration with DeFi, BAT represents a real use case for its crypto. Simply put, it is a viable product on the market.
BAT is actually one of those cryptocurrencies to buy that I am most bullish on. I expect alternative browsers like Brave to become increasingly popular. More and more users are discovering DeFi, moving away from centralized Big Tech companies controlled by others alphabet (NASDAQ:GOOGNASDAQ:GOOGL), meta and the like. Users are tired of their data being used, of seeing ads, and of being harassed by regressive policies that violate their privacy rights. Browsers like Brave change all that, but browsers like Chrome do slowly loses users.
BAT has already had success with its browser, including 60 million monthly active users, 23 million daily active users and 1.8 million verified creators accepting BAT. Additionally, the project has enabled thousands of advertising campaigns with leading brands and has seen growing utility in blockchain gaming.
Looking to the future, the focus is on BAT expands its DeFi and NFT support within the ecosystem. This includes expanding the utility of BAT in various areas such as search engines and e-commerce.
Smog (SMOG-USD)
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smog (SMOG USD) has established itself as a significant player in the meme coin space with a strategy focused on long-term growth. Launched on Jupiter DEX, the market cap of SMOG skyrocketed from $2 million swelled to nearly $65 million within just a week of listing.
A cornerstone of SMOG’s strategy is the airdrop campaign, where 490 million of the 1.4 billion tokens are earmarked for community rewards. Additionally, long-term holding is incentivized through an attractive staking model that offers an annual percentage return of 42% (APY). Yes, approximately 9 million tokens are marked out.
To get a 10x return, you need to take appropriate risk, and SMOG fits the bill. Meme coins are known to rise sharply when the right conditions are met. And I believe this year’s April potential could give it the altitude it needs to reach the moon and beyond.
At the time of publication, Matthew Farley did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed are those of the author, subject to InvestorPlace.com Disclosure Guidelines.