5 Cryptos With Multibagger Potential by 2025
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While sentiment is in the dumps now, the long-term bull case for the crypto market remains robust. Traditional financial institutions, multinational corporations and other entities have invested heavily in blockchain technology over the past couple of years, which points to sustained institutional investor interest. As more people enter the crypto space, they stand to benefit from increased security, transparent transactions and lower transaction fees. Though this current bear market may seem dire, it is likely just a temporary setback for an industry that holds vast promise for years to come.
Moreover, given the sell-off in many of the top tokens, traders have a chance to get in at drastically lower prices than they could a year or even six months ago. This makes finding potential multibagger cryptos a bit easier, as most altcoins are likely to get a big boost when the risk-on trade is back in vogue.
Below are five potential multibagger cryptos to consider.
| BTC-USD | Bitcoin | $17,556.98 |
| ETH-USD | Ethereum | $1,301.71 |
| ADA-USD | Cardano | $0.36 |
| SOL-USD | Solana | $17.45 |
| SAND-USD | The Sandbox | $0.66 |
Bitcoin (BTC)
Bitcoin (CCC:BTC-USD) is considered the gold standard for digital currencies. Since the Bitcoin network went live in 2009, the token’s value has been subject to massive fluctuations, yet it remains the No. 1 crypto by market cap by a wide margin.
Bitcoin topped out just below $70,000 in November 2021. Since then, it has lost roughly three-quarters of its value. This alone sets the stage for a rebound in the cryptocurrency once investors’ risk tolerance returns. But there’s also an important bullish catalyst on the horizon that is likely to drive BTC higher.
In 2024, Bitcoin will be subject to another “halving” event, which cuts the supply of new bitcoins in half. As Bitcoin’s supply shrinks, it intensifies demand and drives prices higher.
Bitcoin has become a favorite investment vehicle for many institutional investors. Multiple Bitcoin-linked exchange-traded funds have popped up over the past couple of years, which is a testament to its popularity among investors. It’s even found its way into 401(k)s, a strong sign that Bitcoin has gone mainstream.
When the crypto market bottoms and BTC begins to rebound, I don’t think there’s any doubt it will be one of the multibagger cryptos.
Ethereum (ETH)
Ethereum (CCC:ETH-USD) captured the attention of investors with its long-awaited transition to a proof-of-stake blockchain. “The Merge” promised to deliver huge performance gains for Ethereum users, including faster transaction processing speeds and higher throughput capacity.
Despite these tantalizing promises, Ethereum failed to see any significant price gains from the transition, which occurred on Sept. 15. Since then, ETH is down 19%, bringing its year-to-date losses to 65%.
However, The Merge isn’t the be-all and end-all for Ethereum. As Ethereum co-founder Vitalik Buterin noted in July, The Merge is really little more than the halfway point for the platform. In other words, there's plenty to look forward to.
ETH is the second largest crypto by market cap and the most popular platform in terms of real-world utility, powering some of the most lucrative verticals in the blockchain sphere. It’s likely to become even more popular down the road once it fully transitions to Ethereum 2.0.
Like BTC, ETH is likely to explode higher when the next crypto bull run begins, potentially delivering patient investors multibagger returns.
Cardano (ADA)
Cardano (CCC:ADA-USD) is a proof-of-stake blockchain that is often touted as an Ethereum killer. This innovative platform was one of the first to adopt a pure proof-of-stake model, and its founder, Charles Hoskinson, is one of the leading minds in the crypto world. Cardano’s strong core team has been instrumental in many of Cardano’s successes, which continue to expand on the project’s use cases.
Through its careful development process, Cardano aims to address key network bottlenecks that have plagued other blockchain platforms, making it a true frontrunner in the rapidly evolving crypto landscape. By late 2021, it had processed more than 20 million transactions and it currently has more than 1,000 projects running on it.
Cardano’s upcoming Hydra upgrade will allow it to process a mind-boggling 1,000 transactions per second with each Hydra head. Hence, it sets the stage for massive long-term growth.
With ADA down 83% over the past year, recovering even a fraction of its former glory could make this one of the multibagger cryptos of the next bull run.
Solana (SOL)
Solana (CCC:SOL-USD) is a purpose-built network that has quickly gained traction among developers looking for a scalable alternative to Ethereum. Known for its speed and efficiency, Solana can handle thousands of transactions per second, making it an attractive choice for decentralized apps. In particular, Solana has become known for its success in the NFT space.
In the second quarter, Solana’s daily transactions hit 40 million, significantly more than Ethereum's 1 million. As Solana continues to make inroads in the sector, the token should eventually turn higher.
Down 90% since the start of this year alone, investors who are willing to hold for the long term could see their patience rewarded as Solana continues its robust expansion.
The Sandbox (SAND)
The Sandbox (CCC:SAND-USD) is a virtual world built on the blockchain that has gained immense traction over the past couple of years. It's truly a decentralized platform that gives users full ownership over their digital assets and allows for greater flexibility in how users interact with their in-game land.
SAND is down 89% year to date. Despite its setbacks, though, it still holds immense potential as both a gaming platform and a platform for innovative real estate investment.
Whether you’re looking to buy property in this evolving virtual world or simply exploring the latest trends in VR gaming, The Sandbox is worth checking out. The metaverse real estate market is forecast to grow at a 31% compound annual growth rate through 2028, which is indicative of its long-term potential.
While speculative, a small bet on SAND now could pay off handsomely down the road.
On the date of publication, Muslim Farooque held a long position in ETH. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
Muslim Farooque is a keen investor and an optimist at heart. A life-long gamer and tech enthusiast, he has a particular affinity for analyzing technology stocks. Muslim holds a bachelor's of science degree in applied accounting from Oxford Brookes University.
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