Crypto Hype: TOP 5 altcoins with return potential over x30

А month after the approval of Spot ETF trading, the focus of investors continues to fall on the crypto market, with the potential of altcoins looking huge, and according to some crypto experts, some of them can grow up to 30 times in the coming years.
-With $1.79 trillion. market cap, the broader crypto industry is still in its infancy despite the gains made following the BTC Spot ETF’s green light from the SEC.
-The majority of traders remain bullish on the crypto sector, with the focus falling on Altcoins.

-XRP is down 14.9% year-to-date despite a slight rally on the back of the market’s latest rally.
-Alcoin is down 84% from ATN of $3.3. Although this drop sharpens caution among some investors, others see the perfect opportunity.
In particular, some of the crypto traders see XRP as one of the most undervalued assets in the market, therefore the growth potential seems huge. However, ripple is currently in a correction after hitting a 4M high of $0.74 in early November 2023. The altcoin hit a 3M low of $0.4855 in late January and is currently stabilizing, trading around $0.52, with the potential to hit a head-scratching $22.

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Iota, the blockchain tailored for IoT, continues to advance the industry, with the IOTA token reaping positives from the progress.
-Amid steady progress, the altcoin posted multiple losses in October 2023 as the broader crypto market showed a lack of strength.
-However, IOTA benefited from the growth of the crypto sector in Q423, recovering much of its drop, after a 146% rise from the bottom at the end of Q3 2023. to an 18M high of $0.3721 last December.
Despite falling over 22% since the beginning of the year, IOTA is holding on to a 1Y high of around $0.25 and a market cap of under $1 billion ($802,478,200), which shows that the asset has great growth potential.

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Chainlink (LINK) has been attracting more and more attention throughout the year due to its strong upward momentum amid the correcting crypto market.
-During the crypto boom in the last quarter of 2023, LINK turned out to be one of the big winners with a 205% rise, reaching $17.7.
-While the crypto market corrected at the start of the year, Chainlink showed resilience, with LINK reporting a 3% gain, closing January above the psychological resistance of $15.
The upward momentum continues into February, with the altcoin up 22% on the back of massive whales positioning, currently targeting $19. Due to the increased interest and sustained up movements, crypto investors expect the price to rise up to 30 times from the current levels.

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The VeChain Project (VET) aims to facilitate the improvement of the supply chain using blockchain technology, seeing significant progress in recent times despite the long road ahead of VET.
-VeChain recently announced a $300 million deal with Walmart. Also, the team behind the altcoin recalled 100% tracking of the leather range of the French luxury fashion giant Givenchy, as well as other leading companies.
Despite its 88% rise since last September, the token is down 17.74% in January. Since the beginning of February, VET has risen by 5%, with crypto traders expecting a rise to $3.

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MultiversX (EGLD)
As a blockchain, MultiversX aims to push the limits of traditional blockchain networks, currently making significant progress, which is why investors’ focus is on MultiversX’s token – EGLD.
-Amidst the growing publicity, crypto strategists see huge potential in altcoins. EGLD corrected at the start of the year after a stellar performance in Q423, when the asset surged 207% to a high of $78. Despite the correction from the 17M high, EGLD is holding around $56, after a 21% drop in January.
Since the beginning of February, the altcoin has reported a growth of 6.49%. With several new projects built on MultiversX, EGLD demand is expected to increase, which would also boost the price of the asset.

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 Dealer Aleks Angelov

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