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Just a few days ago, a close friend of mine asked me, “Which altcoins are showing the most potential for gains and strong technicals in this bull run?” Without hesitation, I answered—Kaspa.
This altcoin has delivered 100x gains in 2023 and early 2024, and it remains one of the best-performing altcoins on the market, even in these relatively quiet market conditions.
However, if you’re on the hunt for a top crypto to buy now with the potential for 100x gains, Kaspa might not be the ideal choice anymore. After all, it has now reached a market cap of $4 billion.
So, what could be the next Kaspa? Let’s dive into the top altcoins to consider buying now.
Alephium (ALPH)
Alephium (ALPH) is a next-generation Layer 1 blockchain that has recently caught my attention. It’s addressing the three major challenges in blockchain: scalability, security, and decentralization. And it’s doing an impressive job.
What really makes Alephium stand out is its BlockFlow sharding algorithm. It essentially breaks down the blockchain into smaller, more manageable pieces, allowing for parallel processing. This innovative approach boosts Alephium’s throughput to an astounding 10,000 transactions per second. To put that in perspective, Bitcoin only manages 7 TPS, which is why I’m so intrigued by Alephium.
But it’s not just about speed. Alephium utilizes the UTXO model, similar to Bitcoin. This means each transaction is independent, enhancing the system’s security and efficiency. It’s an ideal setup for dApps and DeFi projects.
And let’s not forget their Proof-of-Less-Work consensus mechanism. It’s like Proof-of-Work but far more efficient. It dynamically adjusts mining difficulty, reducing energy consumption by 87% compared to traditional PoW systems. That’s a significant advantage in today’s eco-conscious world.
When it comes to technicals, ALPH is the closest thing I’ve found to Kaspa. And with a market cap of just $129 million? That’s seriously undervalued in my opinion. We’re talking about a project that’s addressing real issues and has the potential to reshape the industry, much like Kaspa. If Alephium can deliver on its promises, its market cap could easily multiply several times over.
Read also: This Analyst Shares Cryptos to Watch This Week – BTC, AVAX, ARB, and Others
PandaWorld (PADW)
Aside from Kaspa, meme coins have also generated significant gains this bull run. Because of this, one meme coin has made it onto our list of top altcoins to buy now that could replicate Kaspa’s success and deliver 100x gains this year.
It’s PandaWorld’s PADW token. This is a very early-stage project currently in presale, with over $100,000 raised so far.
The $PADW token is central to PandaWorld’s ecosystem. It’s not just another meme coin; it has real utility. Players can earn $PADW by participating in games and then use it to purchase in-game items, stake for benefits, or cover transaction fees. It’s like a mini-economy within the platform.
Source: captainaltcoin.com