As the crypto market evolves, crypto investors are on the hunt for the next 100x altcoin. Recent developments suggests that retail investors are increasingly leaning towards the GameFi sector.
The crypto GameFi sector has gained significant traction since the start of June 2024. While mega cap gaming altcoins like Axie Infinity (AXS) and TheSandBox (SAND) have been at the fore front of the rally, market data shows that 3 newly-launched altcoins in prime position to deliver larger gains.
While predicting the next big winner is no easy task, this article explores 3 promising crypto tokens that have the potential to 100x in 2024. Let’s take a closer look at 3 crypto tokens that have 100x potential, and why these tokens could be set to explode.
Galaxis empowers creators and projects to build thriving, independent communities outside the control of traditional social media platforms.
This Web3 platform uses NFT technology for its digital membership cards. Creators design these cards, which grant them access to exclusive content, features, and the community itself.
Gearing up for its token launch, Galaxis had sold 11,000+ Galaxis Engines and raised 8m+, backed by prominent VCs including Rarestone Capital and Taisu Ventures.
Following the successful launch, Galaxis price surged 483% between May 10 and May 25.
Despite the growing profit-taking wave that has ensued after the 2-week rally, and bearish sentiment surrounding the upcoming US Fed rate decision, Galaxis has managed to maintain a relatively high support level.
At the time of writing on June 8, GALAXIS is currently trading at $0.014 with a market cap of approximately $5 million.
With 75% (7.5 billion tokens) of the maximum supply of 10 billion tokens already in circulation, upcoming listings on new exchanges could send Galaxis price sykrocketting and potentially delivering more than 10x gains.
Imaginary Ones is a full-fledged Web3 playground built around adorable, family-friendly NFTs called “Genesis IO.”
With Imaginary Ones, the fun goes way beyond digital collectibles. They’ve crafted a rich and immersive experience called the Imaginary World ecosystem with entertaining games, gaming, merchandise, and content.
Bybit recently listed the BUBBLE token on May 14, launching with a USDT trading pair. The listing came shortly after the Imaginary Ones successfully onboarded over 2 million downloads worldwide for its flagship game, Bubble Rangers.
The company has closed an oversubscribed funding round led by Animoca Brands, Polygon Ventures, Cypher Capital, Ed3n Ventures, and MH Ventures.
BUBBLE is currently trading at $0.007356 with a market cap of $73,521,903, and a total supply of 10 billion BUBBLE tokens.
Notcoin (NOT) is a Telegram-based Play-To-Earn game, where players earn tokens by tapping a virtual coin and completing various in-game tasks.
Less than a month post-launch Notcoin has attracted over 35 million users with its engaging gameplay and viral growth. The game fosters social interaction by allowing players to form squads, invite friends, and participate in community-driven activities.
Players can complete quests, join leaderboards, and use boosts to enhance their Notcoin earnings. Notcoin is a fun and attractive entry point for players new to blockchain gaming.
NOT is currently trading at $0.020 with a fully-diluted market cap of $970,960,938, and a total supply of 102.7 billion NOT tokens. Its listing on Binance in May 2024 had sparked a blistering 2,730% rally from its pre-sale price of $0.001.
Investors anticipate that new listings on other large exchanges Coinbase could introduce Notcoin into US markets and further deepen adoption of the gaming protocol.
In conclusion, the quest for the next 100x crypto is fueled by the dynamic, evolving nature of the crypto market. As June 2024 2024, tokens like Galaxis (GALAXIS), Imaginary Ones (BUBBLE), and Notcoin (NOT) all have potential to become the next 10x crypto altcoin.,
While the allure of a 10x return is undeniably exciting, remember that cryptocurrency remains a volatile and speculative market. Always do your own research, invest responsibly, and never invest more than you can afford to lose.
Ibrahim Ajibade Ademolawa is a seasoned research analyst with a background in Commercial Banking and Web3 startups, specializing in DeFi and TradFi analysis. He holds a B.A. in Economics and is pursuing an MSc in Blockchain.