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Although the crypto market is currently bearish, several coins have impressive fundamentals that could cause them to enjoy gains as soon as the market flips bullish. This article will examine the next cryptocurrency to buy this month for 10x returns.
1. Tamadoge (TAMA)
TAMA is the top option among the next cryptocurrency to buy for 10x returns. The crypto is the native token for Tamadoge, a blockchain gaming platform. In the Tamadoge ecosystem, players are to breed and grow their non-fungible token (NFT) pets to use them to defeat the pets of other players. When they win a battle, they are rewarded with TAMA tokens.
TAMA has been one of the most promising cryptocurrencies launched this year. The asset had a great presale, raising $19 million in just eight weeks. And now, the asset is available on several centralized exchanges, including MEXC, LBank, and OKX.
TAMA currently trades at $0.036, a downtrend of 3.47% in the past 24 hours, similar to the broader market’s performance.
Nevertheless, there is still a lot of bullish momentum here. The Tamadoge developers are perfecting the gaming platform, which is expected to launch before the end of 2022. Part of Tamadoge’s marketing push is the release of ultra-rare Tamadoge NFTs.
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— TAMADOGE (@Tamadogecoin) October 11, 2022
The ultra-rare NFTs are digital pets that will operate within Tamadoge’s game. They will have the best traits in the game – stronger and faster than others, giving their owners an advantage in battles.
2. Impact Protocol (IMPT)
The next cryptocurrency to buy this month for 10x gains is IMPT, Impact Protocol’s utility token. Impact Protocol is a blockchain project set to be the next big thing in the fight against climate change.
The project, launched in 2022, allows individuals to purchase carbon credits for offsetting their carbon footprint. Its native token, IMPT, will be used to make credit purchases, with the option of donating to and funding several environmental conservation projects worldwide.
IMPT is currently available on presale. The token has already raised over $3 million and is on course to reach its hard cap of $10.5 million before the end of November. The digital asset, dubbed the greenest cryptocurrency in the market, could be the next big thing in the crypto space.
3. Binance Coin (BNB)
Binance Coin is the biggest exchange token in the market. The digital asset powers the popular Binance ecosystem, allowing the exchange’s users to enjoy benefits, like discounts on trading fees and the opportunity to earn interest via locked savings.
BNB currently trades at $271.92, an increase of 0.18% in the past 24 hours.
In the past week, Binance received an operating license in Kazakhstan. The exchange has also noted an increase in user signups in the Middle East and North Africa (MENA) region, with the number of new customers increasing by 49% in 2022.
With the exchange continuing to consolidate its position as the market’s leader, BNB investors can rest assured of gains down the line.
4. XRP (XRP)
XRP, one of the market’s oldest and most popular cryptocurrencies, is the crypto industry’s standard for cross-border payments. The crypto asset was created to become the global standard for remittances. Its developer, Ripple Labs, strives to secure partnerships with different financial giants.
At press time, XRP trades at $0.48. The coin is on an uptrend of 0.88% in the past 24 hours.
The prospect of Ripple Labs’ securities case with the Securities and Exchange Commission (SEC) coming to an end soon is bullish news for XRP. This case has been ongoing since December 2020 and continues to be a widely-discussed topic in the crypto market.
Ripple Labs CEO Brad Garlinghouse recently stated that he believes the SEC case will be over by the first half of 2023. Considering that the company has been awarded several wins in the case, it has massive momentum heading into the final part of the legal battle.
5. Dogecoin (DOGE)
Dogecoin rounds out the list of the next cryptocurrency to buy for 10x gains. The market’s leading meme coin has a great propensity for sporadic gains.
DOGE currently trades at $0.006024. The token has been on an uptrend of 1% in the past 24 hours.
The digital asset is currently trending, thanks to billionaire Elon Musk. The Tesla CEO recently announced a new line of cologne, which he claimed could be purchased with DOGE on The Boring Company’s website. According to Musk, the fragrance, called Burnt Hair, has already sold 10,000 bottles.
10,000 bottles of Burnt Hair sold!
— Elon Musk (@elonmusk) October 12, 2022
Conclusion
Even with a downturn in the market, several assets present buying opportunities for investors to earn profits. As the market grows, several fundamental developments could help propel these assets to further gains.
Investors looking to capture gains can check out our list of the next cryptocurrency to buy this month for 10x returns. IMPT is especially promising, considering that climate change is such a prominent issue in the world today. The token’s presale has already raised an impressive amount; IMPT could be the next big thing in crypto.
Read More:
- IMPT Coin Presale Surpasses $3M; Crypto Investors Excited to See what’s Next
- Next Cryptocurrency To Explode in 2022 – 2023
- Most Trending Cryptocurrency Tokens on CoinGecko
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