Dividend Stocks

3 Cryptos That Could Be Multibaggers in the Making: February Edition

Ethereum (ETH-USD) and Bitcoin (BTC-USD) are on the roster for good options in front of cryptocurrency investors. But wait a minute, investigating small-cap altcoins presents a chance to earn big profits at the expense of even more significant dangers. A dynamic investing environment might be created by market events with everyone on the edge of their seats, such as interest rate hikes and halvings. These could take the value of cryptocurrencies to the skies.

Keep your eyes open for quick 10x to 50x returns on coins in the past bull market, prioritizing blue-chip assets over speculative altcoins. Hold blue-chip assets until 2030 for more significant returns.

Basic Attention Token (BAT-USD)

Basic Attention Token (BAT-USD) concept coin in front of a stack of cryptos and two dice that say "buy" and "sell"

Source: Stanslavs / Shutterstock

Investors looked to altcoins during the year of the Bitcoin Halving in hopes of making bagfuls of profit. Brave browser’s Basic Attention Token (BAT-USD) gives its traders a chest of incentives. Brendan Eich, a co-founder of Mozilla, planted and nurtured BAT in 2017. It makes use of Ethereum’s PoW mechanism. It’s up and running as a blockchain-based advertising network that makes payments between content producers, advertisers, and users happen.

An ERC-20 token, BAT makes intelligent contract creation and irreversible payments possible. With a capped supply of 1.5 billion, it can be mined. Brave’s widespread adoption in five years could raise BAT’s value, and more and more interest in digital privacy may improve its long-term prospects.

With NFTs and DeFis in the works, along with community initiatives, it might push BAT to $1.2921 in 2024. However, competition may force it to settle at $0.9463 or even $0.6554.

Aptos (APT-USD)

3D render of Aptos tokens. Editorial illustration.

Source: Thomas Neveu / Shutterstock.com

A Layer-1 blockchain network dubbed Aptos (APT-USD) significantly towered in Q4 2023 as the cryptocurrency market began to heal, as seen by several essential metrics. Messari claims that APT’s market cap rank climbed to 33 as its circulating market cap increased by 126% on a quarter-over-quarter basis to $2.9 billion. APT increased by 75% from quarter to quarter, while prices increased less.

Apos saw the Q4 revenue growth from protocol fees, with a 10% increase in Q4 revenue, going past 46,000. USD revenue rose 30% like a rocket to $345,000. December saw a daily revenue spike thanks to an “inscription craze.”

With a market valuation of more than $2.29 billion, Aptos might climb over $9.32 by 2025, given its conservative growth rate and historical performance. However, the estimate might get derailed by external variables and the cryptocurrency market’s volatility.

Internet Computer (ICP-USD)

A concept photo for the Internet Computer (ICP) crypto.

Source: Shutterstock

The Internet Computer (ICP-USD) rose from the grave of its recent lows, hitting $14. It increased 15.0% in just one week, from $11.95 to $13.94. Gains were 4.4% per month and 153% per year, respectively. Technical research turns our heads to a possible 40.63% increase to $19.40.

ICP experienced a 30% developer growth surge and is on the edge of its seat for tripled daily burned cycles by 2024. Operating worldwide with 22 nations, it wields the power of a multi-chain model and key exchange partnerships. Technically, it shows blanched trading dynamics.

New DeFi collaborations make its ecosystem stronger, with a close eye on prominence and adoption.

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.

Chris MacDonald’s love for investing led him to pursue an MBA in Finance and take on a number of management roles in corporate finance and venture capital over the past 15 years. His experience as a financial analyst in the past, coupled with his fervor for finding undervalued growth opportunities, contribute to his conservative, long-term investing perspective.

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