It was almost one year ago that the current bull cycle on the crypto market started when Bitcoin managed to break free from the resistance at 10,000 dollars and was also able to overcome the all-time high from the 2016/2017 bull cycle at around 20,000 dollars not long after. In the meantime, Bitcoin is trading at more than $60,000 and has therefore risen by $50,000 or 500 percent within one year.
Those are impressive numbers that have made buying Bitcoin a great investment and to a large extent dwarf the returns on buying stocks, for instance. However, the 2020/2021 bull market has witnessed even far crazier price explosions in altcoins. This is a good time to take a look at which cryptocurrencies are truly the best investments (so far) in this bull cycle. Here’s an overview of the top 10 and what else to expect from them in the future.
CAKE (Pancake Swap)
In terms of growth, Pancake Swap is reminiscent of projects like Uniswap or Sushi Swap. However, with regard to growth rates in this bull cycle, CAKE/USD clearly outperforms the aforementioned altcoins. Its price has shot up by around 4,150 percent within a year.
At present, however, CAKE is a good distance away from its all-time high. In April 2021, CAKE/USD reached an all-time high of more than 44 dollars per coin. By contrast, this cryptocurrency is currently trading at only around $17.33, a decline of more than 50 percent in the past six months.
Over the past few weeks, the altcoin price has been moving rather sideways, with no clear direction. But analysts at Wallet Investor still predict strong price increases of CAKE/USD. As a result, the altcoin price could already increase more than twofold by 2022. In the years 2023 to 2023, it is also expected with extreme rates of increase of CAKE. For example, the price could explode by almost 650 percent by 2026, hitting a level of more than $136 per token.
ONE (Harmony)
Investors buying ONE (Harmony) are also some of the big winners in this bull market. Almost 8,000 percent has been gained by the altcoin price within a year and at the time of publication it is trading at around $0.3003. But in contrast to CAKE, ONE reached its all-time high only two days ago and is currently only 5 percent below this record.
Boasting a market capitalization of around $3.86 billion, ONE/USD is ranked 47th in the crypto rankings and has conquered the top 50.
The experts at Wallet Investor foresee the altcoin climbing to more than $1 per token in the next 5 years. That would represent an increase of more than 200 percent, which falls well short of analysts’ expectations for CAKE/USD.
DOGE (Dogecoin)
Naturally, the much-cited Dogecoin should not be missing in the list of the best investments in this bull market. In the first half of 2021 in particular, it made a splash and was among the 5 most valuable cryptocurrencies in the world in the meantime.
The DOGE is still in the top 10 and can count Elon Musk, the richest man in the world, as one of its biggest fans. Nevertheless, the altcoin has not been able to continue the strong trend lately and is still trading almost 60 percent below the all-time high despite a good momentum in the past days.
DOGE /USD has currently recorded a growth of 11,400 percent in the 2020/21 bull cycle. But Wallet Investor analysts see further potential for buyers of DOGE. A price surge of nearly 400 percent is expected over the next 5 years, meaning that DOGE/USD could climb to around $1.5 per token.
SOL (Solana)
Purchasing SOL/USD has been especially rewarding in recent months. The price per token has increased roughly fivefold from just over $40 to around $200 since August alone. In fact, over the entire bull cycle, SOL/USD has seen its price rise by more than 11,500 percent.
Boasting a market cap of nearly $60 billion, SOL/USD is now already one of the top 6 most valuable cryptocurrencies in the world. Moreover, analysts at Wallet Investor still foresee extreme potential for the altcoin. It is expected to grow an incredible 700 percent more by 2026. This would bring the price to around $1,580 by 2026.
MATIC (Polygon)
The altcoin MATIC has provided investors with a return of more than 11,800 percent within a year. As a result, Matic is among the top 25 most valuable cryptocurrencies, although it is currently trading around 25 percent below its best level of $2.63 per token from May of this year. At a market capitalization of around $9.8 billion, MATIC currently ranks 21st among the world’s top-valued cryptocurrencies.
Nevertheless, the market analysts at Wallet Investor still expect the altcoin’s price to increase significantly to around $10 per token in the next five years. This would equate to growth of more than 400 percent.
LUNA (Terra)
One absolute high flyer in this bull cycle is without a doubt the altcoin LUNA (Terra). Investors who buy LUNA enjoyed a fabulous return of almost 13,500 percent in 12 months. This places LUNA in the top 5 of the best investments for 2020/2021.
The market capitalization is currently around 17 billion dollars, putting the altcoin in 12th place in the crypto ranking. Its price is currently quoted at around 49 dollars, which, however, represents a drop of 15 percent compared to the best level at the beginning of the month.
With analysts predicting further growth of 435 percent within five years, the altcoin could climb to around $220 per token.
FTM (Fantom)
Buyers of Fantom (FTM) have experienced a rally of almost 15,300 percent within one year. In the process, the rapid price increase only began in August 2021 and FTM/USD has climbed upwards parabolically. At the moment, the price is trading at just under $3.5, which is only 4 percent below the record. Meanwhile, with a market capitalization of $8.5 billion, FTM is now already one of the most valuable 25 cryptocurrencies in the world.
The analysts at Wallet Investor say another 190 percent rally is possible by 2026. This could take the altcoin price to a level of around $10. However, the projected growth is thus lower than that of the mostly other top 10 investments in the 2020/2021 bull market.
OMI (Ecomi)
In third place in this ranking is the altcoin OMI (ECOMI). In the space of a year, the price has recorded growth of around 22,300 percent. This places OMI/USD well above the fourth-placed Coin Fantom (FTM), which has seen growth of around 14,000 percent within one year, still an incredible figure.
With an investment of just 500 dollars, buyers of the altcoin had enjoyed an amount of 111,500 dollars in their account. With that, for example, a sinfully expensive sports car could be bought, a trip around the world could be made, or a nice down payment on a property could be made.
Nevertheless, is the purchase still worthwhile? At the moment, the OMI/USD exchange rate is quoted at around 0.00632 dollars. This means that the price has decreased in price by just under 1 percent in the past 24 hours, but is still very far below the all-time record. The all-time record dates back to March 19, 2021, when the price reached a peak of more than 0.013 dollars. OMI/USD is currently almost 50 percent away from this record.
The price has, however, been on an upward trend in recent weeks and months. While there was a price slump from April 2021 and OMI/USD fell to below $0.0015, the value has already increased more than fourfold again.
When measured by its market capitalization of around $1.15 billion, however, OMI is barely even in the top 200, showing just how much cryptocurrency valuations have picked up in just one year. Only a year ago, OMI would have easily entered the top 50 or even top 20 with a valuation of more than $1 billion.
To get a short-term price forecast for OMI/USD, it’s well worth taking a look at the 1-day chart of the price. There you can see that OMI is moving up in an ascending and widening wedge.
Two days ago, OMI/USD reached the support line at around 0.0055 dollars and has since then already risen significantly. The chances of further price gains are quite high while the altcoin price holds in the formation.
With the pattern’s resistance line rising very steeply, its price could easily rise to the $0.01 area to get closer to the upper line. This could also allow OMI/USD to aim for the all-time high from March at around $0.013.
Nevertheless, investors are advised to keep an eye on a couple of warning signals. When the altcoin price slips below the formation’s support line, this would be bearish and the odds of a larger correction increase.
Furthermore, a second potentially bearish head and shoulders pattern can be seen. The high point of the 1st shoulder has formed OMI/USD at around $0.0066. Its head can be seen at the resistance line of the ascending wedge and a price of $0.0084 at the peak. In the event that OMI/USD corrects soon, a second shoulder may be formed, which will characteristically have a lower high than the head.
Its technical price target would be around $0.002, assuming OMI/USD confirms the pattern and breaks down below the neckline at around $0.0058. This would represent a correction of around 70 percent from the current price level.
Wallet Investor analysts also predict a price decline in 2022 and 2023. Not until 2024 is a slight price gain of a maximum of around 12 percent expected until 2026.
AXS (Axie Infinity)
There seems to be no end to the hype surrounding the online game Axie Infinity. And so does the price development of the associated gaming token AXS. In the space of a year, the price has risen by almost 98,500 percent. You heard me right. A growth of almost 100,000 percent.
Whoever is one of the very early buyers of AXS should now be happy about a smaller or larger fortune in their account, thanks to the investment amount. In the best case already 1,000 dollars could be turned into a million dollars. Thus already quite well for the pension could be provided and for example a fancy single-family dwelling financed.
AXS/USD is now trading at around 140 dollars, which is about 10 percent below the all-time high reached at the beginning of the month. Furthermore, having a market capitalization of around $8.4 billion, AXS/USD has managed to make it into the top 25 of the most valuable cryptocurrencies in the world.
The altcoin price has been moving in an ascending parallel channel since as early as June 2021, which is evident on the 1-day chart. For as long as AXS/USD holds the formation, further price records seem possible.
But a bearish signal would be if AXS/USD draws a head-and-shoulders pattern. At present, the end of the head could form in this case, assuming the price drops soon. If the altcoin price drops below the support zone of the parallel channel, this would also be bearish.
The analysts at Wallet Investor, however, are still extremely bullish on AXS. For the coming year, they anticipate a doubling of the price. They even expect a growth of more than 1,000 percent over the current price by 2026. That would catapult AXS/USD to more than $1,600.
SHIB (Shiba Inu)
The undisputed king of altcoins is Shiba Inu, judging by its price explosion in recent weeks. The altcoin has already risen by an incredible 82,800,000 percent in this bull cycle. Shiba Inu would have turned investors with just a small investment into millionaires. For example, even those who only invested 500 dollars in SHIB at the beginning of October can now already look forward to several thousand dollars.
In a very short time, Shiba Inu has therefore made it into the ten most valuable cryptocurrencies in the world and even surpassed the other well-known meme token with the dog logo – Dogecoin. Kryptoszene.de reported in detail yesterday about the crazy duel between the two fun tokens.
At the moment, the DOGE/USD price is heading in an ascending wedge and within this formation, it could even rise further from the current price level of $0.00007 to around $0.0001 before investors might have to expect a correction after all. Given the parabolic rise, investors are at least advised to be cautious here, buying SHIB at the current big-money price.
Analysts at Wallet Investor expect a correction of 25 percent by 2022, but over the next 5 years they believe further growth of more than 50 percent is possible. Nevertheless, the expectation remains about significantly behind the forecast for Axie Infinity.
