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The emerging cryptocurrency market thrives on innovation and disruption. While Bitcoin (BTC USD) And ether (ETH-USD) hold the top spots, with many altcoins vying for their position. These altcoins offer exciting opportunities for investors seeking high growth potential.
However, navigating this new asset class and identifying the next breakout stars can be challenging. Although institutions are increasingly adopting Bitcoin, there are still security risks that could threaten the long-term stability of the network. If you have a willingness to take risks and believe in the global adoption of cryptocurrencies, these altcoins have huge potential for superior returns.
Now let’s discuss the top three altcoins that could deliver 20x returns by 2025.
Manufacturer (MKR)
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Manufacturer (MKR-USD) is one of the best altcoins to buy when the next bull market is underway. The cryptocurrency is a governance token of the MakerDAO platform, a decentralized lending protocol that powers the DAI stablecoin.
Maker is one of the best decentralized applications (dApps) on the Ethereum blockchain. Their DAI stablecoin differs from traditional stablecoins pegged to fiat currencies and derives its value through a unique method of collateralized debt positions. Users can deposit crypto assets as collateral to borrow DAI, a stablecoin pegged to the US dollar. As DeFi continues to gain traction, Maker’s stablecoin issuance platform could lead to significant token growth. With a total supply of less than a million MKR tokens, the shortage could drive up the price as demand increases.
Fantom (FTM)
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Fantom (FTM USD), Fantom Opera Network’s native token is a platform designed to address the scalability limitations of the Ethereum Network. Designed to leverage a consensus mechanism, Lachesis achieves faster transactions and lower gas fees than Ethereum.
Fantom’s ability to process high transaction volumes at lower costs gives the network a clear competitive advantage. Ultimately, this could attract more developers and users frustrated with Ethereum’s congestion issues. The network is also designed to be interoperable, meaning it can exchange and transfer data between other blockchain ecosystems. This interoperability positions Fantom as a major player in the multichain ecosystem. Fantom’s development team is also developing a robust ecosystem of DeFi applications, decentralized exchanges (DEXs), and non-fungible token (NFT) marketplaces.
Fetch.ai (FET)
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Fetch.ai (FET USD) has ridden the wave of the renaissance of artificial intelligence. It is a unique altcoin that aims to bridge the gap between artificial intelligence and blockchain technology.
The Fetch.ai network enables a global marketplace for machine learning models and data. Users can access these models and data to develop intelligent applications for various industries. The open platform uses LLMs to detect and route task execution to relevant AI services and agents. Additionally, it allows users to buy, sell and exchange data securely, creating an entirely new asset class in the crypto space. They are still in the early stages, but only recently secured $100 million in infrastructure investment to secure advanced AI GPUs from Nvidia. Fetch Compute could be the catalyst for accelerated growth and make Fetch.ai one of the top altcoins to buy right now.
At the time of publication, Terel Miles 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, subject to those of InvestorPlace.com Publishing Guidelines.