Key Insights
- The appealing aspect of crypto investment is in how it often provides investors with massive returns.
- The crypto market is currently in a recovery phase after a major crash in late February.
- Some of the major cryptocurrencies poised to rebound from current price levels include Render, FET, POL, RUNE, and others.
- Unlike memecoins, these cryptocurrencies have all the right fundamentals and the right amount of dips to fetch investors massive returns.
One of the most inviting aspects of crypto investment is how quickly it pulls in returns.
Cryptocurrencies have been known to pull in percentage gains worth thousands of times their original value in less than a year.
Over the last year, Bitcoin has added around $1.2 trillion to its market cap, especially with the break above the $100,000 mark in January of this year.
Despite the current lows the cryptocurrency is now experiencing, there have now been calls for a recovery, and some special cryptocurrencies could be ready to deliver the strongest gains.
Here is a list of the best ones to know about.
1. Render (RENDR)
Render is standing at the forefront of decentralized GPU rendering. It is so widely used because it allows artists and studios to rent out extra graphics processing units to others.
This protocol has become so widely used because even trillion-dollar companies like Apple directly employ its services.
For example, Render plays a huge role in Apple Vision Pro’s Star Trek. It was also used in the Coca-Cola ad at the Las Vegas Sphere.
With this in mind, Render is especially poised to lead the GPU and AI token sectors.
The service had handled over 40 million rendered frames as of last year, up from just 10 million the year prior.
Because of this, Render could be poised to rally from its current price around $4 to as high as $20 at the very least.
2. Superintelligence Alliance (ASI)
Superintelligence Alliance is sitting at the forefront of AI growth in the tech space.
This token was formed after three AI giants, SingularityNET, Fetch.ai, and Ocean Protocol, merged to become a single service.
Its core mission is to create an AI system where computing power is easily pooled to train AI models.
With the demand in AI surging and the increasing competition between well-known AI models like OpenAI’s ChatGPT, Google’s Gemini, X’s Grok, and so on, FET could be set for a major comeback soon.
The cryptocurrency trades at around $0.65 at the time of writing but could be poised for a rally towards anywhere between $2 and $5 if the bullish momentum recovers and holds.
3. THORChain (RUNE)
Any major crypto comeback is likely to spark growth in the decentralized exchange (DEX) sector.
These platforms have gained popularity over the last decade, due to ongoing (and past) issues with platforms like FTX in 2022 and the recent Bybit hack.
ThorChain is leading the way to further DEX growth by allowing users to trade over 5,500 cryptocurrencies directly from their wallets.
ThorChain experienced a surge in swap volume of more than $1 billion per week when the bull market first began in late 2023. The same happened in the first quarter of 2024, where the platform saw a new ATH in trading activities with a volume of $19.9 Billion.
This said, ThorChain has a history of activity explosions when the crypto market becomes favorable.
Its native $RUNE cryptocurrency has a current price of around $1.5, and could be poised to rally by as much as 400% if bullishness persists.
4. MANTRA (OM)
Over the last few years, MANTRA has gained attention among investors because of its strong price performance.
Mantra surged by more than 600% between November last year to February of this year, rising between $1.3 and as high as $9.3.
The interesting thing about Mantra’s price performance is that it wasn’t much affected by the volatility in late February and managed to stand its ground compared to many other cryptocurrencies.
The charts show that the cryptocurrency is now consolidating and is eyeing a key resistance level at $7.76.
The current RSI readings of 44 show that the cryptocurrency is in neutral territory, and a comeback could be underway.
If the bullish momentum continues and the bulls hold their ground, OM could break out and deliver massive gains to investors.
5. Hedera (HBAR)
The Hedera Hashgraph is known for being lightning-fast, compared to most other major blockchains.
It experienced a massive 300% surge over the past six months and is in the middle of a correction at the time of writing.
This means that it presents a major buying opportunity for patient investors.
At the time of writing, the cryptocurrency trades between $0.18 and $0.28 and is eyeing a resistance level around $0.33.
Furthermore, if the $0.13 support holds for the cryptocurrency and we see a break past its resistance, HBAR could be ready to gain another 50% within the next month and could even rally by tenfold if we see a break above the $1 zone at least.
6. Polygon (MATIC/POL)
Ethereum’s scaling issues and high gas fees mean that it will always require the services of L-2 blockchains.
Polygon was once the leading Ethereum L2, and just like its parent blockchain, the network has long underperformed compared to most of the others.
Over the last year, Polygon has established major partnerships with platforms like Reddit, Meta, Disney and others.
The cryptocurrency is likely to see a huge inflow of demand once Ethereum recovers from here.
Polygon currently trades underneath the $1 mark. However, nothing much stops this cryptocurrency from exploding upwards to as high as $10.
There is no foolproof way of predicting which cryptocurrencies will be the next to register the next “outsized” gains.
However, the cryptocurrencies on this list solve real-world problems and are pushing blockchain adoption forward.
While crypto investment can be risky on its own, all of the above have the right fundamentals necessary to lead the next bullish explosion.
