Altcoins have become one of the preferred ways for cryptocurrency investors to make massive profits in the industry, especially given bitcoin‘s enormous growth rate over the past decade. Because many of these altcoins have significantly smaller market caps, they tend to have a lot of room for growth, making them an attractive option. So here’s a list of the top 3 altcoins that could 100x your cryptocurrency portfolio in the next bull market, in no particular order.
Memecoin (MEME): the new Meme cryptocurrency
Memecoin (MEME) is the latest creation from the 9GAG team. The team successfully launched multiple non-fungible token (nft) projects over the last year before finally moving on to launching their own cryptocurrency; MEME.
So far, MEME seems to be like any other meme coin in the cryptocurrency market, with no promises or roadmap. But when it comes to altcoins, MEME has one of the most important factors that can guarantee the success of a project and it is a very strong community.
The official Memecoin Twitter account already has 2.8 million followers, surpassing established meme coin players like Floki Inu and falling just behind Shiba Inu, which has 3.7 million followers. This massive community support, coupled with the fact that its market cap is only $180 million, makes it one of the altcoins with a lot of potential heading into the bull market.
Liquity (LQTY) Joins Altcoins with Potential
Liquity (LQTY) has made a name for itself as one of the decentralized finance (DeFi) protocols that offers interest-free loans on the ethereum network. This is a good attraction for investors who are looking to obtain loans but not have to pay large interest on them.
In the DeFi summer that occurred between 2020 and 2021, these types of protocols proved to be investor favorites. As such, its native tokens typically skyrocket if such a trend repeats itself.
The LQTY token is still trading below $2 and, like MEME, has a down market, just above $150 million. This makes it one of the altcoins with a good runway to grow, especially in a bull market, and ensure good profits for cryptocurrency investors.
<img decoding="async" class="aligncenter size-medium" src="https://technicalterrence.com/wp-content/uploads/2023/11/Top-3-Altcoins-for-November-2023-That-Could-100x-Your" alt="Tradingview.com Liquity (LQTY) Price Chart (crypto Altcoins Shiba Inu Memecoin MEME)” width=”2650″ height=”1758″ loading=”lazy”/>
LQTY price at $1.69 | Source: LQTYUSDT on Tradingview.com
Shiba Inu’s BONE could be a game changer
For years, the Shiba Inu-based BONE token has been able to fly under the radar and has not achieved the notoriety of some of its meme coin counterparts. However, this could change quickly, especially with the launch of the Shibarium network.
Shibarium, which is a Layer 2 network built on top of the ethereum blockchain, actually uses the BONE token as the ecosystem utility token. Many expected it to be Shiba Inu, but the team clarified that SHIB only acts as a governance token on the network.
Since BONE is the native token of the Shibarium network, it will gain a lot when the network starts seeing widespread adoption. And with a market capitalization of less than $160 million, there is still a long way to go for BONE to catch up to its competitors in the space.
