Investing in high-growth cryptos certainly provides investors with great upside potential. Of course, this upside comes at a price. Smaller and less-established projects can surge on hype or some non-fundamental catalysts. And the reality is, many of these projects won’t make it over the very long-term.
That said, there are plenty of high-growth cryptos to consider outside of the small-cap arena. I’ve picked three projects in this article that could provide very reasonable returns for investors looking for consistent long-term gains. Given the recent catalysts we’ve seen around spot ETF approvals, meme rallies and other speculative activity in this space, for those looking to capture some of this upside, here are three projects I’d focus on right now.
Solana (SOL-USD)
A project well known as an Ethereum (ETH-USD) alternative, Solana (SOL-USD), is now excelling in the NFT and DeFi realms. This layer-1 crypto network boasts superior transaction speed, reaching over 50,000 transactions per second compared to ETH, which can only process 15-20 per second.
Solana’s mobile crypto strategy, anchored by the Saga phone, aims to onboard new users with unique apps and experiences. While initially slow, a meme coin-driven marketing push has sparked sales growth. VanEck suggests a “killer app” could propel Solana’s value to over $3,200 by 2030.
Most crypto investors are already aware that the SEC recently approved the first spot-price Ether ETFs. Now, many experts are suggesting future spot Solana ETF approvals could be in the works due to the similarity of both projects’ proof of stake (PoS) consensus. This precedent suggests the SEC considers Ether a commodity, potentially benefiting the bull case for spot Solana ETFs. I think this catalyst alone (aside from organic network growth) makes Solana easily the high-growth crypto to buy right now.
Avalanche (AVAX-USD)
Avalanche (AVAX-USD) boasts cost-effective support for decentralized applications and smart contracts. The project’s recent Durango upgrade, featuring the Teleporter platform facilitating seamless blockchain data exchange, propelled Avalanche’s AVAX token 50% over a short window.
During a turbulent phase in the crypto market, Avalanche has showcased resilience. Despite Bitcoin’s decline to approximately $71,500, Avalanche has stood out in its push above its 20-day exponential moving average. With the token seeing a small dip of late, many technical experts believe now is the time to start building a position.
Investors should consider Avalanche’s sub-net infrastructure as the key reason for buying and holding this crypto over the long term. But if the near-term technical charts suggest now’s the time to buy, I better at least point the reader’s attention to what others are saying in this regard (I’m no technical expert by any stretch).
Jupiter (JUP-USD)
Jupiter (JUP-USD) has been among the more volatile tokens in the market since its inception earlier this year. A very early-stage Solana-based swap aggregator, Jupiter has quickly become a DeFi giant. The project pools liquidity from a number of DeFi platforms, offering efficient token swaps. The project’s recent uptake has surpassed the expectations of most in this space, with Jupiter briefly surpassing Umniswap (UNI-USD) to be the largest DEX in terms of volume for a period of time.
It’s certainly possible for this trend to continue, and if it does, this project could have significant upside. The catch is that it is certainly the most recent pick on this list, so there are enhanced risks from almost every angle with this project.
This is certainly a speculative pick for those looking for exposure to the high-growth world of decentralized crypto trading, but it would be my top option right now.
On the date of publication, Chris MacDonald did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
