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Five Altcoins with a Potential Tenfold Return

Sep 20, 2024
  1. Solana (SOL)
  2. Toncoin (TON)
  3. Avalanche (AVAX)

In the world of cryptocurrency, there is rising interest in altcoins due to recent events such as Donald Trump's crypto purchase and the Federal Reserve's rate hike plans. One analyst shares his predictions for five altcoins that he believes will experience significant growth by 2025.

Solana (SOL)

Solana is experiencing a resurgence in activity with an increasing user base and trading volume. Major decentralized applications like Render and Helium are migrating to the network, enhancing its scalability and lowering transaction costs. This positions Solana for significant growth by 2025. The next major support level is $120, with resistance around $132.50. If it fails to break through, SOL might test the $120 level again. Recent trading shows bearish momentum, with $121.31K in shorts and $3.19M in longs liquidated in the last 24 hours, indicating increased volatility.

Toncoin (TON)

Toncoin has become a key player in the gaming sector, with viral gaming applications boosting its appeal. Pavel Durov's condemnation of his arrest has sparked a positive shift in market sentiment for Toncoin, boosting investor confidence. While Toncoin hasn't yet tapped into the meme coin frenzy, its ecosystem is expanding, positioning it for major growth as the gaming and meme markets align. Toncoin is currently buzzing at $5.79, with a market cap of $14.67 billion.

Avalanche (AVAX)

Avalanche is carving out a niche in gaming, attracting both console games and dedicated subchains. While the gaming narrative has yet to explode, Avalanche's potential is undeniable, especially as the gaming industry gains momentum. Its involvement in real-world assets (RWA) and decentralized finance (DeFi) further strengthens its outlook for 2025. Avalanche is poised to start 2025 with a target of $27.68 to a hopeful peak of $58.04.

Though these altcoins have yet to gain substantial momentum, analysts believe that they will hit new all-time highs once the bull run begins in early 2025. Keep an eye on their future prospects.

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