Token Metrics Reveals: 14 Altcoins Poised for 100X Gains Amid Market Downturn of Bitcoin

• The cryptocurrency market will enter a different phase of the bull cycle after April 20th Bitcoin halving as historical data shows.
• The best-performing altcoins are those with a strong community and categorized in the small-capped market valuation.

The cryptocurrency industry is counting less than 24 hours to the fourth Bitcoin (BTC) halving, which will reduce its block rewards from 6.25 to 3.125. As Bitcoin miners prepare to overhaul their mining rigs to match up with the rising difficulty ahead, it is prudent for all investors and traders to position their crypto portfolios for maximum gains. 

Furthermore, market experts led by Ripple CEO Brad Garlinghouse and renowned analyst PlanB are confident the industry will at least double by the end of this year. Consequently, it is safe to assume the ongoing crypto correction will turn out to be just another dip in the macro bull run later this year or early next year.

Top Altcoins To Focus On Ahead

According to Token Metrics, an AI-driven investment research platform for the crypto industry, the top altcoins to capitalize on in the coming months may not necessarily be in the meme coin industry. However, Token Metrics highlighted a dozen altcoins that will comfortably return between 3x and 100x in this bull market.

3X-30X Altcoins

On the top list of altcoins that could easily rally between 3x and 10x in this bull cycle according to Token Metrics include Solana (SOL), Ripple-backed XRP, and Dogecoin (DOGE). These altcoins are large-cap assets that were in the same position as Ethereum in December 2020 before the exponential rally.

As for altcoins likely to rally between 10x and 30x in this bull cycle, Token Metrics believes are those categorized in the mid-cap valuation. On the top list in this category include Chainlink (LINK), Kaspa (KAS), and Quant (QNT).

50X Potential Altcoins

In this category, Token Metrics highlighted that it will be dominated by upper small-capped altcoins with a market valuation of about $1 billion. On the top list in this category include MultiversX (EGLD), Nexa (NEXA), and Injective (INJ).

100X and Beyond

As for the 100x category Token Metrics indicated it will be reserved for small-capped altcoins with a market valuation of less than half a billion dollars. Some of the projects with a 100x potential include Ethereum-based LCX (LCX), AllianceBlock Nexera (NXRA), and Astra DAO (ASTRADAO), among others.

Bigger Picture

The ongoing cryptocurrency bull cycle has been fueled by heightened adoption by institutional investors and the ongoing global geopolitical tensions. With Bitcoin price having rallied above 2021’s ATH even before the fourth halving, experts believe the industry is about to experience a super cycle in the coming quarters.

As Crypto News Flash previously pointed out, the approval of spot Bitcoin ETFs in Hong Kong and the United States will trigger other nation-states to move in the same direction in the coming years. Moreover, most global central banks have been struggling with high fiat inflation, thus influencing the notable adoption of digital assets.