Premier digital asset, Bitcoin continues to lead the crypto market; however, the crypto asset has become too pricey an investment. Altcoins have made tremendous growth and investors are looking for the best cryptocurrency for 10x gains.
1. Decentraland (MANA)
The Decentraland token facilitates payments in the metaverse by allowing users to access a 3D virtual reality environment.
MANA makes the top of the list for the best cryptocurrency for 10x gains due to the growing adoption of NFTs, virtual reality tokens and the metaverse.
Uniqly, a cross-chain ecosystem, has recently secured a virtual estate in Decentraland. Uniqly is a platform for brands and artists to create and trade NFTs and operates physically, in the metaverse and Artificial Reality.
The recent acquisition will be used for digital fashion exhibitions, parties, social interaction and other fun activities.
More and more of the Decentraland virtual space is being taken up, and this calls for even more adoption and use of the utility token, MANA.
As the metaverse continues to be saturated, demand for MANA is expected to skyrocket thereby pushing the price of the ERC-20 token higher.
At press time, MANA is trading below the 20-day MA support price of $3.51, which indicates that the price of MANA is up by 7.67% in the last 24 hours, as the asset trades at $3.31.
2. Cardano (ADA)
Cardano is a third-generation blockchain that provides security and sustainability to decentralised applications (dApps) and systems using pioneering technology. It is no surprise that Cardano makes one of the best cryptocurrencies for 10x gains as the network protocol continues to improve fundamentally.
The IOHK Foundation launched Plutus courses, which is the native programming language of Cardano, to help developers understand the network.
The Cardano network has recorded increased use of Plutus-based smart contracts as an increase in network activity.
With the increase in the use of the Plutus-based smart contracts on the Cardano blockchain, it is expected that more developers will require ADA tokens to help facilitate payments while building projects. ADA token prices are expected to also rise along with the demand.
This serves as a prime opportunity to buy ADA as the Cardano utility token trades below the 20-day MA price of $1.33 at $1.26, which indicates a 3.84% increase in the last day.
3. Axie Infinity (AXS)
Axie Infinity makes the list as one of the best cryptocurrency for 10x gains. AXS is an NFT-based utility token used to facilitate payments and exchanges on the Axie blockchain.
Axie leads the way as the most popular gaming token, while it is regarded very highly in the general crypto market.
The AXS token is expected to skyrocket and rake in at least 10x the value of invested funds to investors due to the December Development Update. The update is a rundown of the various projects the Axie Infinity community set out to accomplish and have launched within the last month.
The update centres on establishing the foundation of the Axie ecosystem, Katana, which is the Ronin decentralised exchange (DEX).
Katana allows DeFi users to swap digital assets within the Axie ecosystem easily. Other achievements, such as the Ronin Mobile wallet, also made the list. With the wallet, the ecosystem is accessible to anyone, anywhere with an internet connection.
Axie Infinity has made progress fundamentally, and this success is expected to rub off on the AXS token as the crypto asset takes off with the bulls in the coming weeks.
Trading at $96.40, AXS is up by 7% in the last 24 hours. This current price is still below the 20-day MA price of $104.23, which means it is a great time to buy Axie.
4. Polkadot (DOT)
The Polkadot ecosystem is highly interoperable since it is backed by a network of nodes supporting the Polkadot blockchain, on top of which other blockchains can be built.
DOT ranks as one of the high fliers for the best cryptocurrency for 10x gains due to the ongoing parachain auction. The auction is geared at onboarding several blockchains onto the Polkadot Blockchain.
After upgrading Shell to Statemint and onboarding as Polkadot’s first common-good parachain, Statemint now enables the deployment of assets, from fungible assets to NFTs and Central Bank Digital Currencies (CBDCs) on Polkadot.
Statemint will allow users to transfer and approve assets, register assets as self-sufficient if the Polkadot Relay Chain agrees, set admin roles for an AssetID to mint, freeze, thaw and burn tokens. The Statemint blockchain supports generic assets in the Polkadot and Kusama networks.
As Polkadot continues to onboard more parachains that provide value and a wide range of services to the ecosystem, the utilisation and demand of DOT are expected to soar, which will deliver a directly proportionate increase in the asset’s valuation.
The Polkadot utility token is up by 6.68% in the last 24 hours and has provided a great entry point for investors to get in on the asset as DOT trades below the 20-day MA price of $27.78 at $25.08.
5. Ripple (XRP)
Ripple is the utility token of the RippleNet, which aims to establish high performing payment solutions, thereby enabling greater economic opportunities for everyone. XRP is one of the best cryptocurrency for 10x gains this week as the digital asset gains more widespread adoption.
The Republic of Palau has partnered with Ripple to explore its first digital currency and its use cases with the XRP ledger (XRPL).
Palau’s partnership with Ripple will focus on developing cross-border payment strategies and a USD-backed digital currency.
Ripple aims to provide technical, business, design and policy support for what will be the world’s first government-backed national stablecoin.
Palau intends to transform the country’s economic position by leveraging blockchain technology’s financial potential.
By providing support to the Republic of Palau, Ripple aims to reach broader audiences and users. As blockchain innovations become a widely accepted phenomenon, the price of XRP is expected to soar in the coming weeks.
The digital asset is up 8.22% in the last day and is trading above the 20-day MA price of $0.84 at the current price of $0.90.