Altcoins
Top Five Altcoin Gems Poised to Generate 10x Gains by July
The crypto market is currently facing a tough time and while Bitcoin struggles to stay above $65,000, several altcoins are seeing widespread price declines. Bacon Virtual Analyst watched his latest video and gave a list of altcoins to stack before July. He said all altcoins on the list have strong catalyst events planned over the next couple of months.
Room 1: Ghost
The first project is Fantom, a well-known crypto platform that is expected to launch a major upgrade called Sonic. Sonic is a new, faster blockchain capable of over 2,000 transactions per second, a significant improvement over Phantom’s current 200 transactions per second. Fantom has secured funding from major DeFi players, ensuring strong support for its new protocols. With these improvements, Fantom’s market cap could increase from $3 billion to $7-8 billion, potentially reaching $15-20 billion, indicating a possible 10x return.
Exhibit 2: Connect Network
The second project is Connext Network, known for its interoperability protocol. They recently released a major upgrade called Everclear. Everclear simplifies cross-chain transactions by allowing users to interact with different blockchains without changing networks or purchasing new tokens for gas. Despite strong support and partnerships, its current valuation is low compared to its competitors. This makes it a promising investment as it gains registrations and adoption.
Exhibit 3: Global Mobile Token
The next hidden gem on his list is the World Mobile Token (WMT). World Mobile was initially built on Cardano, but plans to move to Ethereum-compatible chains like Arbitrum and Base. The move could make WMT more accessible and integrated into popular DeFi ecosystems. The WMT price chart shows strong potential, having broken through a key resistance level and presenting a good entry opportunity.
Room 4: Foxy
The fourth altcoin on his list is Foxy, a meme coin. Foxy is integrated into Linea and MetaMask airdrops, boosting its credibility. For example, users can claim Foxy tokens through Linea’s campaigns and MetaMask exchanges. Foxy is listed on major exchanges like OKX, indicating strong support from Linea and ConsenSys. Foxy is considered a safer coin due to its strong support compared to others launched by anonymous teams.
Piece 5: Puff
The last hidden gem project was Puff, which has the greatest potential in the near term. Puff is the official meme coin of the Mantle ecosystem. Recently, it was announced that Puff would launch a new governance token for the Mantle Liquid Staking Protocol, adding further value and utility to the project.