3 explosive cryptos that can grow your portfolio 10x overnight

The crypto bull market is in full swing and we have seen many digital assets perform alongside it Bitcoins (BTC USD) meteoric rise. However, some cryptocurrencies failed to keep up and posted only weak gains. On the other hand, several promising altcoins appear to be poised for their own rise as the market transitions from Bitcoin dominance into a full-blown altcoin season.

It appears that Bitcoin is taking a breather before its next rally, and this period of consolidation could provide the rocket fuel needed to catapult select cryptocurrencies into the stratosphere in red-hot sectors.

Two of the hottest crypto sectors during this recent bull cycle have been artificial intelligence and layer-1 blockchain platforms. Securing promising but lesser-known projects in these areas along with other high-quality altcoins in the Web 3.0 ecosystem appears to be a successful strategy.

Cryptocurrencies with relatively small market caps can deliver outsized multi-bagger returns in a short period of time as market conditions adjust. Here are three cryptos you should check out:

Neon EVM (NEON-USD)

Neon EVM (NEON USD) is a promising project based on Solana (SOL USD), which deserves attention. This algorithm uses timestamps through Solana’s proof-of-history innovation to define the next block in Solana’s chain. Given the ultra-fast speed at which blocks are added to Solana’s blockchain, additional levels of security are required to maintain integrity.

This is where the Proof of History algorithm comes into play – by timestamping each block, it allows the system to maintain security even at lightning speeds.

With ether (ETH-USD) Gas fees increase up to $50 for NFTs and over $30 for a simple ERC20 swap. Many developers are turning their attention to Solana – as excessive fees on Ethereum are simply unsustainable. Cumbersome Layer 2 solutions are not a solution. Blockchains like Solana, which offer cheap transactions, are becoming increasingly attractive to developers.

Neon EVM can benefit from the tailwinds of this developer momentum. However, stability issues have affected Solana recently, and occasional outages still occurred.

Although the frequency and severity of these incidents are decreasing, there is optimism that the Solana team will resolve the issue in the coming months. Once stability is solidified, Neon EVM could become irresistible to developers looking for an affordable and reliable alternative to Ethereum.

With a mere Market cap: $80.6 million Currently, Neon EVM could easily reach a valuation of over $500 million or more if it receives enough attention. The pieces fit together, so this is something to watch carefully.

Pyrin (PYI-USD)

Pyrin (PYI-USD) is another emerging crypto project that combines innovative technology with significant upside potential. This is decentralized Kaspa (KAS-USD) Fork integrates Blake3 with BlockDAG and GhostDAGand delivers scalable and instant transactions at minimal cost. The team has also developed a groundbreaking proof-of-work algorithm called PAIW, aimed at more efficient resource management.

Pyrin aims to offer high throughput, low latency, security through ASIC resistance and integrated smart contract functionality – all backed by its state-of-the-art proof-of-work.

Kaspa is still multiplayer even after the recent comedown. If this uptrend continues, a significant increase is still possible for Kaspa. In addition, projects like Alephium (ALPH-USD) now use a similar blockDAG technology as Kaspa.

Pyrin follows in these footsteps and brings new innovations such as PAIW to the market. Started in November 2023it currently carries a modest Market cap of $34.2 million. But with the right catalysts, one can imagine Pyrin could achieve a similar market cap to Alephium. Of course, this is crypto, so investing in new projects always requires a high risk tolerance.

SubQuery Network (SQT-USD)

SubQuery network (SQT USD) aims to become the preferred data indexer that “supercharges” dApps on over 125 networks. The team claims that its open data solution will bring powerful innovations to the RPC industry.

While the core utility is not yet fully developed, those who purchase SQT now will fund the construction of this data node. As we have seen with projects like DevvE (DevvE-USD), investing in promised potential before actual benefits can lead to painful dilution and selling pressure later.

Still with a tiny one Market cap of $19.2 million, SubQuery could easily grow by 10x or more if there is enough hype. However, due to the unfinished state of the platform, it is advisable to only invest excess capital. If the data indexer works live as intended, the project could be a huge success. But until then, invest in a promise.

InvestorPlace does not regularly publish commentary on cryptocurrencies whose market capitalization is less than $100 million or whose trading volume is less than $100,000. Because these “penny cryptos” are often a playground for fraudsters and market manipulators. If we publish a comment on a low-volume crypto that may be affected by our comment, we ask InvestorPlace.com writers to disclose this fact and warn readers of the risks. Read more: How to avoid popular cryptocurrency scams

At the time of publication, Omor Ibne Ehsan 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.