In every cryptocurrency bull market, there are always altcoins that take the path of bitcoin and end up ensuring good profits for their holders. Since larger options like bitcoin are already big enough to the point that their high profit potential is limited, here are 5 altcoins that could make a similar run as bitcoin in the next bull market.
Arbitrage (ARB) leads altcoins
Arbitrum (ARB) is a token that was launched less than a year ago in the middle of the bear market and it can be said that it has done reasonably well since then. The altcoin is still trading below the $1 mark, making it an excellent mark to stage a bitcoin-like rally.
It is also one of the altcoins that is backed by a full ethereum Layer 2 network, allowing users to transact cheaply on the ethereum network. This coin has a significant user base and could rally at least 10x in the bull market.
Pepe Coin (PEPE) to Rally in crypto Bull Market
Like Arbitrum, Pepe Coin (PEPE) was launched this year at the height of the bull market, but that didn’t stop it from making waves. The coin went from a market capitalization of less than $500,000 to over $1 billion in less than a month, securing it the position of the third largest meme coin in the space.
Since then, PEPE’s price has fallen and its market capitalization is below $500 million. But this makes it the best time to collect the token. In the last bull market, meme coins like Dogecoin crossed the $30 billion market cap mark and a rally to a $10 billion market cap for PEPE would already be a 20x return.
Stellar (XLM) follows the XRP path
Stellar’s (XLM) value proposition has always been in its similarities to the XRP ecosystem and its ability to integrate as a payments system. The blockchain offers very fast and cheap transactions compared to ethereum, making it a prime target for those who don’t want to spend too much on fees.
However, unlike XRP, the price of XLM still stands at just $0.12 and its market capitalization is just $3.2 billion. A return to its all-time high price of $0.9 would mean a 9x increase from here. But when it comes to bull markets, previous all-time highs are often surpassed, which could send the price of XLM flying.
<img decoding="async" class="aligncenter size-medium" src="https://technicalterrence.com/wp-content/uploads/2023/10/Top-5-Bitcoin-Like-Altcoins-That-Could-Make-You-a-Millionaire" alt="Tradingview.com Stellar (XLM) Price Chart (Altcoins bitcoin Cryptocurrency)” width=”2650″ height=”1758″ loading=”lazy”/>
XLM price sitting at $1.2 | Source: XLMUSD on Tradingview.com
Flow (FLOW) joins the list of Altcoins
Of the altcoins listed here, Flow is one whose price trajectory could closely resemble that of bitcoin or ethereum. Flow is a layer 1 proof-of-stake blockchain making it a competitor to ethereum. The blockchain was already established as a major player when it was announced that it would be the blockchain. Boosting non-fungible tokens (nft) on Instagram in 2022.
If more big partnerships like these continue, then it is a no-brainer for FLOW to cross the $5 mark in the bull market and this would be the lower end of it. However, an increase to $5 is already 10x for investors here, and could be significantly higher.
Trust Wallet Token (TWT) presents a unique opportunity
With the major crashes of centralized exchanges that have occurred in recent years in the crypto space, self-custody has become an increasingly popular move among crypto investors. Software wallet providers like Trust Wallet Token (TWT) have already started to enjoy this exodus from centralized exchanges and this is expected to continue.
The TWT token is still currently at $1.06 with a market capitalization of $442 million, meaning there is still plenty of room to grow. As self-custody adoption grows, so will demand for wallets like Trust Wallet, and with demand comes token prices. And the icing on the cake is that the software wallet is owned by Binance, the largest crypto exchange in the world.
Featured image from Shutterstock, chart from Tradingview.com
