What are the best Mid-Cap Cryptos with 30 to 50x Potential?
Mid-cap cryptocurrencies are those with market capitalizations between $1 billion and $10 billion. They are normally considered to have greater unrealized potential but also increased risk. You hear all the time about discovering the newest 100, 200, or even elusive 1000x gem on the internet, but are counting on a few positive relations and widespread adoption of these hidden cryptos.
On the other hand, it seems unlikely that BTC and ETH, let alone a few other top-10 cryptos, will increase by 100 times. We believe we missed the focus on them, but they will still make good crypto investments.
We have decided to concentrate on projects and digital assets related to AI/AGI, The Metaverse, a different smart contracts/dApp platform, and one that integrates smart contracts with the most advanced, reliable, and decentralized blockchain currently in use and relative to its size.
Stacks
Stacks enable decentralized apps and intelligent connections to function on the Bitcoin blockchain. This is accomplished by using the Proof of Transfer (PoX) consensus algorithm of the Stacks layer, which recycles energy from the Proof-of-Work (PoW) method utilized by the network of Bitcoin.
Hence, with a fully decentralized and extremely secure network like Bitcoin, blockchain networks are possible. Faster stacks transactions can be made between Bitcoin blocks, which last for about 10 minutes. Despite the fact that the base chain’s TPS is still limited (not to mention for other layer 1s such as Ethereum and even Cardano).
As technology develops with the passage of time, layer 2 will enable much higher throughput (TPS) on the base chain. Where does STX fall into all of this with respect to the token? It will be used to pay transaction costs associated with accessing Stacks apps, which will reward miners for upkeep and network updates.
The Sandbox
Users can generate non-fungible tokens (NFTs), purchase virtual land, and share their games and treasures on this social, Ethereum blockchain-based online gaming platform.
Using NFTs, The Sandbox wants to compete with popular game development platforms like Roblox and Minecraft by giving developers true legal titles over their creations.
The price of SAND increased in late October 2021, relatively after Facebook disclosed its renewed focus on the Metaverse and a successive rebranding as Meta Platforms. The token’s price jumped from less than 80 cents to $8.35 in less than a month, with many other Metaverse-related crypto resources profiting from this headline.
Sebastien Borget, the Sandbox’s co-founder and COO, stated in a conference earlier this month that The Sandbox and the Saudi Arabia Digital Government Authority (DGA) had signed a memorandum of understanding (MOU).
Rocket Pool
Rocket Pool is a decentralized staking platform that allows ETH holders to allocate their ETH to help manage the network in exchange for the rETH token. So as long as you possess rETH, which is easily convertible back into ETH, you are continuously staking ETH.
Before going any further, we should note that although this does not meet the $1 billion minimum market cap requirement to qualify as a “mid-cap,” the protocol has been near to it and will probably soon surpass $1 billion MC yet again.
While we predict a little initial loss in market share as a result of individuals being capable of directly unstake and withdrawing ETH and avoiding LSDs, two things should be kept in mind:
Just 15% of the available Ether, or about $28.3 billion, has been staked. We are not sure if this covers the $11.55 billion total spent on LSDs. In the unlikely event that it doesn’t, this would still leave more than 75% open to staking; keep an eye on this number following the Shanghai upgrade, which is scheduled for mid-March.
Due to the expectation that the price of ETH would rise once more and eventually surpass its all-time high of $4,800 (currently $1600).
Polkadot
Using customized and integrated para chains, Polkadot seeks to simplify the interaction between diverse apps and services on various blockchains. It is marketed as a powerful platform for cross-chain connectivity.
The project still has enormous potential, despite having a market cap that is substantially higher than those of the other projects on this list. For starters, it currently holds the top two spots in terms of development activity over the last 30 days, together with its test-net chain, Kusama. On a larger scale, Polkadot has recently routinely placed highly in terms of DA.
Dr. Gavin Wood, a co-founder of the protocol and Ethereum as well, most recently served as the CEO of Parity Technologies, the main organization driving Polkadot.
“There are challenges but our biggest challenge is contributing to make Polkadot successful and the Web3 vision real. Björn (current CEO) and team have my full confidence to lead Parity, and Parity will remain the weird home of people who want to build something incredible. The real work is starting now.”
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