The crypto markets recently reacted positively to news out of the FOMC meeting that the Fed would raise interest rates by six basis points - Federal reserve chair Jerome Powell announced the first hike in interest rates since 2018 to reporters on March 16th.
Immediately picked up on by Yahoo Finance, Bloomberg, the Wall Street Journal, CNN Business, and other financial news outlets, the announcement allays fears of a recession amid the Ukraine-Russia crisis, and rising inflation.
Bitcoin now appears to have stabilized and found acceptance above the $40,000 level, and Ethereum and several other popular alternatives to Bitcoin, or ‘altcoins’, have seen even higher price rises this week. The bullish price action suggests investor confidence in the most risk on assets may finally be improving.
Readers of our cryptocurrency news and educational pieces might be wondering - what are the next altcoins to explode? If indeed this is a good time to invest and ‘buy the dip’, what projects could have the most long-term upside?
Best Altcoins to Buy Now for High Gains
Below are our top five altcoins at low prices relative to their all-time highs, with high return on investment (ROI) potential. New and old, there’s a mixture of long-established high market capitalization coins here, and recently launched ambitious projects for the early investor. We consider all these worth keeping on your radar.
LBLOCK
LBLOCK is the native token of the Lucky Block project, a decentralized crypto lottery format aiming to capture a slice of the global lottery gambling market, valued in the hundreds of billions.
It rose 70x from its presale price to its peak, and this month is expected to implement its first lottery draw, app beta, and NFT range, holders of which are granted access to additional lottery events.
Lucky Block was featured on Nasdaq.com as a high-upside crypto coin that could explode in 2022, and in The Express UK media as a potential rival to the EuroMillions.
- Current price range - $0.03 - $0.05
- Drawdown from ATH - 60% ($0.097)
- Market cap - $150 million
- Where to Buy - Pancakeswap
Apecoin
ApeCoin is the top trending coin on Coinmarketcap, and one of the top gainers since its launch on Coinbase March 17th.
Initially dipping to $6.50, it then rose to $15 overnight. Price action on this coin is very volatile as it’s so new, we recommend layering your bids if you do buy it - use limit orders to split up your bids and get a better average entry.
ApeCoin has the backing of the largest non-fungible token (NFT) collection, the Bored Ape Yacht Club, launched by them and airdropped to BAYC NFT holders.
- Current price range - $10 - $15
- Drawdown from ATH - 66% ($39)
- Market cap - $3 billion
- Where to Buy - Coinbase
Marshall Rogan Inu
If you’re a fan of meme coins like Shiba Inu and Dogecoin that exploded in 2021, one of the next altcoins to explode, if it can capitalize on investors’ interest in them, could be MRI.
MRI, the ticker of Marshall Rogan Inu, is associated with the UFC and endorsed by several fighters and celebrities already, such as Chael Sonnen. It’s aim is to use crypto to improve payments for UFC athletes.
Rogan of course refers to Joe Rogan, and Marshall is the name of his dog. While meme tokens can seem silly, they do tend to pump the hardest. Just make sure to take profits on the way up.
- Current price range - $0.06 - $0.08
- Drawdown from ATH - 45% ($0.19)
- Market cap - $63 million
- Where to Buy - Uniswap
Ethereum
Ethereum has been the most successful altcoin of all time, the second largest cryptocurrency after Bitcoin.
Ethereum’s upgrade to ETH 2.0 is anticipated in 2022, and has already been successfully implemented on testnet.
Having some ETH in your portfolio is a must if you’re bullish on altcoins, as most decentralized finance projects and altcoin protocols run on the Ethereum blockchain, referred to as a Layer 1 blockchain.
- Current price range - $2500 - $2800
- Drawdown from ATH - 45% ($4870)
- Market cap - $335 billion
- Where to Buy - Binance
Cardano
Another layer 1 blockchain like Ethereum, many DeFi projects also run on Cardano and like Solana and Polkadot it has taken a slice of the overall DeFi market, lowering Ethereum’s dominance from near 100% to 70% in the DeFi space.
Cardano recently launched SundaeSwap and successfully implemented other upgrades on its roadmap. Its vision for global change and strategic partnerships already made within real-world industries make this another unique investment opportunity - read more at Cardano.org.
Its total value locked (TVL) has been on the rise and many Cardano investors are optimistic that it’s only a matter of time before the price action reflects that, and breaks out of its current six month downtrend.
- Current price range - $0.80 - $0.85
- Drawdown from ATH - 75% ($3.10)
- Market cap - $27 billion
- Where to Buy - eToro (supports Cardano staking)
