Bitcoin (BTC-USD) is on an incredible run, recently hitting $72,000. For many, this rally may seem overextended. However, I don’t think it’s too late to look for cryptos to buy.
The hype train is full steam ahead. While more price corrections may be in store as Bitcoin continues its climb and we near the halving event, the long-term trajectory for this sector is undeniably bullish. With increasing adoption and billions flowing into spot Bitcoin ETFs, it’s likely only a matter of time before we see Bitcoin reach even greater heights.
But Bitcoin’s rise is just the first stage of the crypto market cycle. The real fireworks should begin when the so-called altseason kicks into high gear. That’s when Bitcoin dominance starts to decline as money rotates heavily into altcoins. We saw it back in 2021, and we’re poised to see it again – only this time, I think the trend will be even bigger. When altseason hits, some altcoins can easily surge 10x or more in a matter of months. Here are some promising cryptos to buy before altseason begins.
Tectum (TET-USD)
Tectum’s (TET-USD) proprietary Proof-of-Utility consensus enables it to achieve unmatched transaction speeds exceeding 1 million per second – a massive leap over older blockchains like Bitcoin and Ethereum (ETH-USD). This breakthrough performance positions Tectum to enable real-world blockchain adoption on an unprecedented scale.
With the capacity to process exponentially more transactions at lightning speeds, Tectum has some of the highest utility of any layer-1 blockchain. Thus, it is one of my top picks when it comes to layer-1 cryptos to buy.
Note that layer-1 cryptocurrencies can deliver astonishing returns if they manage to gain the trust of the market and showcase their utility. We’ve seen this play out with certain projects such as Solana (SOL-USD), Avalanche (AVAX-USD), and Cardano (ADA-USD) which soared dramatically during the last altcoin run. That’s why I believe Tectum has the potential to be among the next big winners. Whether it ultimately succeeds or not remains to be proven, but Tectum’s upside potential is enormous if this project gains massive adoption.
Beldex (BDX-USD)
Beldex (BDX-USD) is a very appealing project for those who are interested in the world of privacy tokens. This is a project focused on enabling private transactions. Beldex is built on proven technology but still sports modest valuations. I see breakout potential for this project as demand for privacy coins expands. While Beldex has already attracted significant investor backing, more upside likely remains as adoption increases.
The project has secured major funding from leading Web 3.0 venture funds. Raising $25 million from DWF Labs and $3 million more from Block Alpha/Alpha Token Capital, Beldex is gearing up to lunch a world-class privacy-preserving ecosystem.
This influx of capital will support integrations, dApp development, and other initiatives to strengthen Beldex’s existing feature set. The project’s planned Beldex Name Service also promises censorship-resistant domain registration – a highly useful real-world application.
With strong fundamentals and a clear roadmap backed by prominent investors, Beldex warrants consideration for those seeking asymmetric upside. As privacy concerns mount, Beldex’s confidential transaction model could propel it to new highs during the next altcoin run.
OctaSpace (OCTA-USD)
OctaSpace (OCTA-USD) provides a framework for a distributed cloud ecosystem, incentivizing individuals to rent out spare computing resources. Using a native token and staking rewards, it encourages reliable participation to power this model.
The project’s roadmap outlines plans to develop services like a GPU marketplace, VPNs, distributed rendering, and file sharing. This positions OctaSpace as a potential one-stop hub for various decentralized cloud utilities.
While still in its early stages of development, OctaSpace offers exposure to this rapidly-emerging domain at a modest $40 million valuation. Comparable projects like Filecoin (FIL-USD) have a market cap exceeding $5.8 billion. Thus, if similar market cap multiples are assigned to OctaSpace, this token could have plenty of room to soar.
Considering its small size and big vision, I believe OctaSpace could surge much higher in the long-run if it sees strong adoption take hold. But as a newer, smaller-cap crypto, appropriate caution is advised before investing here.
Small, low-volume cryptos
On Low-Capitalization and Low-Volume Cryptocurrencies: InvestorPlace does not regularly publish commentary about cryptocurrencies that have a market capitalization less than $100 million or trade with volume less than $100,000 each day. That’s because these “penny cryptos” are frequently the playground for scam artists and market manipulators. When we do publish commentary on a low-volume crypto that may be affected by our commentary, we ask that InvestorPlace.com’s writers disclose this fact and warn readers of the risks.
Read More: How to Avoid Popular Cryptocurrency Scams
On the date of publication, Omor Ibne Ehsan did not hold (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.
