Top 5 Bitcoin-Like Altcoins That Could Make You A Millionaire In The Crypto Bull Run
31 Oktober 2023 - 9:00PM
NEWSBTC
With every crypto bull market, there are always altcoins that take
the path of Bitcoin and end up securing good profits for their
holders. With the larger options like Bitcoin already big enough to
the point that their potential for high upside is limited, here are
5 altcoins that could make a Bitcoin-like run in the next bull
market. Arbitrum (ARB) Leads The Altcoins Arbitrum (ARB) is a token
that was launched less than a year ago in the thick of the bear
market and can be said to have done reasonably well since then. The
altcoin is still trading under the $1 mark which makes it a prime
mark to make a Bitcoin-like rally. Related Reading: Why This
70-Year-Old Billionaire Wants To Own Bitcoin It is also one of the
altcoins that are backed by a full-fledged Ethereum Layer 2
network, making it possible for users to carry out transactions for
cheap on the Ethereum network. This coin boasts a significant user
base and could rally at least 10x in the bull market. Pepe Coin
(PEPE) To Rally In The Crypto Bull Market Just like Arbitrum, Pepe
Coin (PEPE) was launched this year at the height of the bull market
but that didn’t stop it from making a splash. The coin went from
under $500,000 market cap to over $1 billion in less than a month,
which secured it the position of the third-largest meme coin in the
space. PEPE’s price has since retraced with its market cap sitting
below $500 million. But this makes it a prime time for picking up
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 be a 20x return already. Stellar
(XLM) Goes The XRP Way Stellar’s (XLM) value proposition has always
been in its similarities to the XRP ecosystem and its ability to be
integrated as a payments system. The blockchain offers very fast
and cheap transactions compared to the likes of Ethereum, making it
a prime target for those who do not want to spend too much on fees.
Related Reading: Solo Bitcoin Miner Snags $200,000 Block Reward,
How Did They Do It? However, unlike XRP, the XLM price is still
sitting at just $0.12 and its market cap is at a mere $3.2 billion.
A return to its all-time high price of $0.9 would mean a 9x from
here. But as far as bull markets go, previous all-time highs are
often broken which could send XLM’s price flying. XLM price sitting
at $1.2 | Source: XLMUSD on Tradingview.com Flow (FLOW) Joins The
Altcoins List 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 which makes it a competitor
for Ethereum. The blockchain already established itself as a major
player when it was announced to be the blockchain powering
non-fungible tokens (NFT) on Instagram in 2022. If more large
partnerships like these continue, then it is a no-brainer that FLOW
crosses the $5 mark in the bull and this would be the low end of
it. Nevertheless, a rise to $5 is already a 10x for investors from
here, and could significantly be more. Trust Wallet Token (TWT)
Presents Unique Opportunity With the major centralized exchange
crashes that have happened over the last few years in the crypto
space, self-custody has become an increasingly popular movement
among crypto investors. Software wallet providers such as Trust
Wallet Token (TWT) have already begun to enjoy this exodus from
centralized exchanges and this is expected to continue. Related
Reading: Time To Exit Bitcoin? Crypto Analyst Predicts 75%
Breakdown To $8,000 The TWT token is currently still at $1.06 with
a market cap of $442 million, meaning there is still a lot of room
to grow. As the adoption of self-custody grows, so will demand for
wallets like Trust Wallet, and with demand comes higher token
prices. And the cherry 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
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