For those looking to ride this bull market higher, here are three tokens to consider
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Due to the recent market slowdown, many people are not looking for cryptos to buy. But despite Bitcoin (BTC USD) and other large-cap tokens that have been weakening lately, I strongly believe that the highly anticipated alternative season could be coming soon. Of course, Bitcoin would have to rise for this expected rise in altcoins to occur. However, history suggests that once Bitcoin really gets going, there is usually a second wave of hype in the crypto market.
This second wave of hype usually creates the most new crypto millionaires as it revolves around the altcoin market, which is very volatile and can fluctuate massively both up (and down).
What’s unique this time is that Bitcoin has already gained significantly, long before the halving. Typically, after the halving, Bitcoin supply tightness takes a few months to build up before this token breaks out to the upside. Therefore, I suspect that the recent inflows into detecting Bitcoin ETFs caused this rally. Regardless, I think Bitcoin could rise to over $100,000 or more in late 2024 or early 2025. In such a scenario, these three cryptos to buy could deliver 10x or more in a short period of time.
Yak DAO (YAKS-USD)
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Yak DAO (YAKS-USD) hasn’t even been listed yet CoinMarketCap However, I think it’s a good idea to buy cryptos that are still in the early stages of the listing process. Once these tokens are listed on price tracking websites and exchanges, a significant amount of capital can flow from private crypto investors. This is why pre-list investments are so popular among institutions and whales, as these tokens can easily generate multi-bagger profits early in their lifecycle.
Real World Assets projects have been gaining popularity recently, and many RWA cryptocurrencies have been very successful. Many investors think that most cryptos on the market offer no physical value and that most people will not benefit from the use cases they have on the blockchain. This is why there is solid demand for RWA cryptos. Yak DAO invests primarily in real estate 30% of sales are returned through buybacksso that investors would indirectly invest in real estate by purchasing the token.
Tatsu (TATSU-USD)
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Tatsu (TATSU USD) has plummeted recently, but the project team has initiated buybacks to raise the price. As altcoin season gets underway, this is certainly a token that can perform well in the coming months. Since this cryptocurrency does not have a good marketing team, it has failed to turn the AI hype into tailwind. One thing I don’t like is that crypto has one 5% sales tax and 5% purchase tax. You lose 10% the moment you invest. So, you should keep this in mind when investing a significant amount in these high-risk cryptos.
The crypto project itself has very ambitious goals. Tatsu wants to take advantage of it Request sor (TAO-USD) Subnets and expand your own ecosystem. The team is apparently developing “TaτsuASK”, an AI chatbot; “TaτsuFRAME”, an AI for image generation; “TaτsuECHO” for text-to-speech; and “TaτsuLANG” for translation. For those bullish on the AI space, this is a cryptocurrency to keep an eye on for big potential gains.
Energy Web Token (EWT-USD)
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Energy web token (EWT USD) is “a blockchain-based virtual machine aimed at supporting and advancing application development for the energy sector.” Simply put, the token enables participants in the energy sector – such as grid operators, software developers and vendors – to create applications that help manage and control of electrical systems. Once shared, these energy resources are connected to other network operators and customers via a digital infrastructure on a decentralized marketplace.
The open-source blockchain platform also allows developers to build applications to improve energy efficiency. The project also provides solutions for the shipping and aviation industries and is one of the most unique startups I have come across recently. It has a Market cap of just $99 million So at the time of writing, it’s a project that definitely has the potential to grow tenfold if it gains more traction.
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.