The post Best Altcoins to 10x Your Capital Before 2025: Dogecoin Did Not Make The Cut appeared first on Coinpedia Fintech News
Looking to amplify your investments? While Dogecoin may have captured headlines, there are other best altcoins poised to potentially 10x your capital by 2025.
Leading the charge is Cardano (ADA), known for its robust blockchain technology. Ethereum Name Service (ENS) also stands out with its innovative domain system on the Ethereum blockchain.
Additionally, Algotech (ALGT) is gaining traction as a top contender. In this article, we will discover why these altcoins could be the best choices for substantial returns in the upcoming years.
Can Cardano (ADA) overcome bearish pressure to achieve new highs?
Analysts predicted Cardano (ADA) is one of the best Altcoin to invest in that has the potential to give 10x returns before 2025. If we look over the year performance of Cardano (ADA) it gains 50.32%.
Over the past week, Cardano (ADA) has faced significant bearish pressure. According to CoinMarketCap, Cardano (ADA) has lost 11.75% of its price in the past week and 7% in the last 24 hours.
Despite this downturn, several analysts remain bullish on Cardano (ADA), with some forecasting a 200% surge to a high of $8 for the coin. But the question is: Can Cardano (ADA) reach this target, or is it just another effort to hype the token?
Cardano (ADA) recent price action
Cardano (ADA) has been in a downtrend since May 20, with falling blue lines confirming this on the 4-hour chart. ADA lost over 14% of its value in less than two weeks.
However, on June 7, ADA rose from a low of $0.44, breaking above the bearish trendline to $0.49, only to decline again under selling pressure.
Ethereum Name Service (ENS) surges amid bullish sentiment
Analysts list Ethereum Name Service (ENS) as another potential altcoin to give almost 10x returns to investors before 2025. The price of Ethereum Name Service (ENS) surged 16% in the last 24 hours, trading at $26.08 on trading volume that increased by 26% to $288 million.
This surge followed an announcement by Consensys that the US Securities and Exchange Commission (SEC) is dropping its investigation into whether Ethereum is a security. This news pushed Ethereum’s price past the critical resistance level of $3,500.
The positive momentum seen in Ethereum extended to other ERC-20 tokens, easing concerns about potential securities law violations. After @Consensys posted that the SEC had closed its investigation into Ethereum 2.0, a whale bought another 5,603 $ETH ($19.6M), further boosting market confidence.
Earlier in June, ENS bulls failed to capitalize on the rounding bottom pattern to push the price of Ethereum Name Service above the $28.57 resistance, causing the token to retrace to the $19.67 support, according to data from GeckoTerminal.
Algotech (ALGT): The promising AI coin poised for huge returns
Alongside Cardano (ADA) and Ethereum Name Service (ENS), the new AI coin Algotech (ALGT) has emerged as a favourite among analysts, who predict it will deliver substantial returns before 2025.
Algotech is one of the best altcoins you can buy today for a potential 10x return on your capital before 2025. It has captured the attention of traders worldwide, raising an impressive $7.8 million during a successful presale.
Recently, Algotech invested $1.2 million in H100 GPUs to enhance the speed, accuracy, and overall performance of its AI engine.
As a decentralized platform for algorithmic crypto trading, Algotech aims to revolutionize investment and trading practices.
For more details about Algotech: