The cryptocurrency market might be experiencing a downturn, with Bitcoin battling to stay above $65,000. But amidst the red, some altcoins are poised for a breakout, according to analyst Virtual Bacon. In a recent video, Bacon highlighted five altcoin “gems” with upcoming catalysts that could propel them to 10x gains by July.
Fantom Fanatics Reveal Up for Sonic Boom
Leading the pack is Fantom, a well-established platform gearing up for a significant upgrade dubbed Sonic. This faster blockchain promises over 2,000 transactions per second, a massive leap from its current 200. Backed by major DeFi players, Fantom‘s market cap could surge from $3 billion to a staggering $15–20 billion, representing a potential 10x return.
Connect Network: Streamlining Cross-Chain Connections
Next on the list is Connext Network, known for its interoperability solutions. Their recent Everclear upgrade simplifies cross-chain transactions, allowing users to seamlessly interact with different blockchains without network switching or additional gas fees. Despite strong partnerships, Connext’s valuation remains low compared to competitors, making it an attractive option for investors seeking undervalued potential.
World Mobile Token: Migrating to Greener Pastures
The World Mobile Token (WMT) finds itself on Bacon’s list as a hidden gem. Initially built on Cardano, WMT plans to migrate to Ethereum-compatible chains like Arbitrum and Base. This move could significantly enhance its accessibility and integration with popular DeFi ecosystems. WMT’s price action hints at bullish momentum, having broken key resistance levels, and potentially presenting a lucrative entry point for investors.
Foxy: A Meme Coin with Bite
Don’t underestimate the power of meme coins. Foxy, integrated into airdrops from Linea and MetaMask, boasts a level of credibility uncommon in the meme coin space. Listed on major exchanges like OKX, Foxy benefits from the backing of established players like Linea and ConsenSys. Compared to anonymous meme coin projects, Foxy offers a safer investment option.
Puffing Up Potential: The Rise of Mantle’s Meme Coin
The final gem on Bacon’s list of altcoins, Puff, holds the most short-term promise. As the official meme coin of the Mantle ecosystem, Puff is set to launch a governance token for their liquid staking protocol. This injects additional utility and value into the project, making Puff a potential short-term winner.