3 High-Growth Cryptos That Have Major Catalysts Ahead

There are many high-growth cryptos for investors to choose from. Actually, while Bitcoin (BTC USD) and other mega-cap cryptos continue to lead the way higher in this sector, and there could be many catalysts driving this bullish narrative around Bitcoin (including the upcoming halving and capital inflow into this space via spot ETFs). better ways to manage this increase.

Here are three high-growth cryptos that I think are worth considering. These are not small-cap penny cryptos. Rather, these are large and established projects with significant growth prospects for the coming years.

For those looking to invest in crypto and build some core positions, here are three tokens that I think are worth exploring now.

High Growth Cryptos: Avalanche (AVAX-USD)

avalanche (AVAX-USD), a fast and environmentally friendly blockchain platform for hosting apps and custom blockchain networks, recently introduced its Durango upgrade and Teleporter tool. The Durango upgrade represents a significant advancement for Avalanche as it adds improved staking processes and developer tools to the new features.

Avalanche is up over 300% in the past year, mirroring the price movements of Solana and other cryptocurrencies. The outperformance of traditional assets like stocks and bonds has brought Avalanche increasing attention, even in the crypto sector. This surge in interest could be due to the recent price increases and increasing adoption of the cryptocurrency. These are the fundamental factors that drive the bull thesis behind this Layer 1 cryptocurrency in my books.

Avalanche has proven to be a worthy challenger in this space compared to other tokens in the market, especially since it has similar capabilities and strengths to ether (ETH-USD). So, for those looking for a large market cap cryptocurrency with serious growth potential, this is a top option that DeFi investors should consider now.

Solana (SOL-USD)

Just a few weeks in March, Solana (SOL USD) dominates the crypto leaderboards. This top 5 crypto by market cap has increased by more than 50% in the current year alone, making this token one of the best performing cryptos on the market.

Pantera Capital’s interest in purchasing $250 million worth of Solana tokens from FTX added to the excitement. Enthusiasm for SPL meme coins and upcoming token giveaways also fueled Solana’s rise, despite ongoing concerns surrounding this debacle and other network stability issues in the past.

Solana is currently emerging as one of the strongest forces in decentralized finance (DeFi) and is truly an Ethereum challenger worth considering. The blockchain now hosts the most NFTs and Web3 apps on the market and is up over 657% in half a year, with a strong increase of 50% year-to-date. With its excellent and reliable decentralized exchange trading, Solana demonstrates growth and competitiveness across the DeFi and blockchain sector.

Ethereum (ETH-USD)

After a significant 73% increase last month, Ethereum’s rally stopped at $4,100. The question now is whether the bulls can push this token above $4,500 or whether the $4,000 support will falter. Unlike Bitcoin, Ethereum is still 22% off its peak and faces resistance and historic accumulation clusters. On March 12, ETH fell 2% to $3,967, triggered by high trading activity between them Long-term holders since 2021 as shown by on-chain data.

Ethereum’s uptrend could face challenges with a sudden inflow of over $1 billion worth of ETH in the past day. Profit-taking among 1.34 million addresses that purchased 469,540 ETH at $4,100 could favor bears and potentially push Ethereum toward $3,900.

With a year-to-date increase of more than 50%, Ethereum returns are mirroring the rise of Bitcoin. Investors are anticipating and anticipating further updates on a possible venue for Ethereum ETF approval by the SEC in the coming months. If this catalyst occurs, the race to become the world’s second largest cryptocurrency could begin.

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.