Learn about high potential but overlooked altcoins like Manta Network, Pocket Network, and viral meme coins like Dogecoin With Hat that could generate huge returns for early crypto investors.
The crypto market is constantly evolving with new projects launching and established coins seeing massive gains during bull runs. While Bitcoin and Ethereum tend to get most of the attention, there are lesser-known altcoins and meme coins that can potentially deliver even bigger returns for early investors. In this post, we’ll explore some of these undervalued gems.
Manta Network — The Next Arbitrum?
Manta Network is an Ethereum Layer 2 solution that aims to deliver cheap, fast transactions by utilizing Celestia’s modular blockchain for data availability. This helps reduce gas fees by over 98%.
Manta had a rocky launch, spiking to $38 on Korean exchanges before crashing down to around $2. This type of volatility is common with new coin launches as speculation drives early price swings.
Despite the challenges, Manta has some key advantages that could help drive growth:
- Native 5% yields — attractive for major holders of stablecoins like Commonwealth.
- Support from major players like Binance and Avocado DAO.
- Significantly undervalued compared to competitors like Arbitrum and Optimism.
If Manta can capture even a fraction of the demand going to other Layer 2 platforms, its current $500 million market cap provides ample room for 2–3x short term gains. Longer term, a 5–10x increase would still leave it below the valuation of other similar networks.
Early investors who can stomach the volatility could benefit from getting exposure at current prices before wider adoption drives the next wave higher.
Pocket Network — The Backbone of Blockchain Infrastructure
While Manta is focused on scaling Ethereum transactions, Pocket Network provides the critical infrastructure that connects different blockchains. It has built a decentralized network of nodes that can handle over 1 billion RPC requests per day across 50+ blockchains.
Major wallets like MetaMask now use Pocket instead of centralized services like Infura for relaying RPC calls and data. And it’s significantly cheaper — around 80% savings compared to legacy options.
As the backbone for blockchain networks, Pocket Network enjoys a monopoly position with practically no competition. It’s well ahead of any potential rivals after 5 years of non-stop development.
Pocket is planning its own modular blockchain launch later this year utilizing Celestia for data availability. It’s currently valued at around $400 million, presenting huge upside if it can fulfill its role as the de facto standard for decentralized RPC infrastructure.
Meme Coins — Big Gains Through Hype
Meme coins like Dogecoin With Hat offer a third potential avenue for explosive growth. These crypto projects have little tangible utility, but can quickly skyrocket in value due to community-driven hype.
Dogecoin With Hat recently got listed on Binance Futures, leading to a flurry of activity and new interest. Major financial brand Franklin Templeton tweeted about it, signaling more mainstream adoption. And with listings still to come on other top exchanges, it likely has much further to run.
Early buyers who got in at a $34 million market cap have now seen it reach $400 million for 10x+ gains in short order. And history shows these types of meme coins can keep running as excitement spreads.
Conclusion
While Bitcoin and Ethereum tend to get all the media attention, overlooked altcoins and meme coins can generate even bigger returns thanks to their lower valuations and niche community-driven momentum.
Projects like Manta Network, Pocket Network, and Dogecoin With Hat may seem risky on the surface. But they solve unique problems, carve out strategic niches, and harness viral hype to deliver outsized profits during crypto bull markets.
Keeping an eye out for these opportunities allows savvy investors to get access early before the rest of the market catches on. Those able to properly balance risks could find themselves multiples richer by betting on the underdogs of the crypto world.
source:coinupup.com
Unlocking Potential Gains With Overlooked Altcoins and Meme Coins was originally published in The Dark Side on Medium, where people are continuing the conversation by highlighting and responding to this story.