Investors and traders are always on the lookout for massive gains and coins that will turn a small outlay into a huge return.
Despite the ongoing bear market and crypto winter, some coins have offered extremely impressive ROIs this year and could yet offer more profits in the coming weeks and months.
6 Cryptocurrency to Invest in for 10x Returns – Top Picks
Here are 6 pics for coins that could make big gains by the end of 2022:
Ethereum (ETH) – Top Altcoin with Major Upgrade Pending
Terra Classic (LUNC) – Phoenix Coin with Huge Momentum
Vita Inu (VINU) – Lightning-Fast Meme Coin
1) Tamadoge (TAMA) – Best Overall Project for Top Gains
Tamadoge is a new meme coin project that appears set for big returns before the end of the year.
Currently enjoying a very successful presale ICO, with $11.5 million in investment already secured, Tamadoge will soon sell out its presale token allocation and hit the open market.
A listing on centralized exchange LBank is already confirmed and the project continues to make waves on social media, with nearly 100,000 followers across platforms.
The TAMA token powers the Tamaverse, with holders of the token able to mint NFT pets at the end of the year – those pets can then be used in a play-to-earn game for rewards.
Holders of the pets will be able to feed and care for them – just like 90s craze Tamagotchi – and grow them into adults where they can battle other players.
The pets will later turn from 3D to augmented reality as the project looks to offer a meme coin with long term value.
Furthermore, TAMA has a limited max supply of just 2 billion tokens – compared to, for example, Dogecoin’s unlimited supply and current circulation of 130 billion – with a 5% burn mechanism in the pet store.
Once TAMA hits exchanges it is expected to earn early investors big returns.
After listing on decentralized exchange PancakeSwap, the native IBAT token pumped as much as 700%, while listings on CEX LBank saw another 200%.
The token has since dropped in price but found strong support and looks primed for another pump, especially with listings on other centralized exchanges in the near future.
Battle Infinity is an ecosystem that offers holders value through a number of ways, with the project building a metaverse and gaming platform as well as offering holders the chance to swap and stake tokens on their own DEX.
The flagship of the project is the IBAT Premier League a fantasy sports game, currently based on cricket, that is expected huge take up when it launches.
3) Lucky Block (LBLOCK) – Market Leading NFT Competition Platform
Lucky Block is the market leading competition platform that offers holders of its NFTs the chance to win unparalleled prizes.
Current competitions include the chance to get your hands on $1 million of Bitcoin or a $300,000 Lamborghini among other prizes.
Lucky Block recently released its LBLOCK V2 coin and saw prices surge more than 400% after listing on CEX LBank.
A listing on Gate.io was meant to see the price jump even higher but a technical glitch by the exchange saw market makers set their own price and the value of the coin drop off.
However, LBLOCK looks in a strong position to recover as an unvervalued crypto and could be set for a break out soon.
The project also announced that holders of the original LBLOCK V1 coin – which attracted 12% transaction fees – can convert to V2 (0% fees) when the bridge goes live on October 3.
4) Ethereum (ETH) – Top Altcoin with Major Upgrade Pending
This is hardly the boldest pick on the list with Ethereumalready firmly cemented as the top altcoin in the space.
However, one there is one major reason for all the continued excitement around ETH – The Merge, arguably the most anticipated event in crypto of the last decade.
The protocol will finally switch from a Proof-of-Stake (Pos) to Proof-of-Work (PoW) algorithm this month – due September 19 – which will make ETH more efficient, scalable and secure.
While there could be an initial sell off, with investors and traders ‘buying the rumour and selling the news’, ETH is expected to make serious returns in the mid to long term.
Numerous analysts also point to the The Merge as being the major reason why ETH can finally ‘flip’ Bitcoin and replace it as the top cryptocurrency in the space.
Cryptoassets are highly volatile and unregulated. No consumer protection.Tax on profits may apply.
5) Terra Classic (LUNC) – Phoenix Coin with Huge Momentum
The long-term viability of Terra Classic may be in question but right now LUNC holders are enjoying an incredible ride.
The coin, which is the same as the one which totally collapsed from $80 to fractions of a cent when UST was de-pegged earlier this year, has already seen gains of more than 250% in the past month.
It not only has name recognition and listings on all the major exchanges already, but LUNC has a fanatic community that is determined to bring the coin back to its former glory.
LUNC has also introduced a burn mechanism (1.2%) and staking to reduce supply and increase value. However, there are a number of questions over the future of this project, so approach with risk.
The supply (6 trillion) may be too large for the burn and staking mechanisms to make any impact, while community growth could wane – just as it did with DOGE last year.
Further, the Terra founders are now working on Terra 2.0 which will could eventually take some shine away from LUNC.
Cryptoassets are highly volatile and unregulated. No consumer protection. Tax on profits may apply.
6) Vita Inu (VINU) – Lightning-Fast Meme Coin
Vita Inu has experienced a major pump in recent days and although that may slow down in the immediate future, VINU offers an intriguing use case that could see it compete with top dogs Dogecoin and Shiba Inu.
VINU claims itself to be the fastest and most efficient meme coin on the market and, if its claims are to be believed, blows DOGE and SHIB out of the water.
According to the Vita Inu website, VINU can process transactions 4 million times quicker than DOGE – meaning while a single DOGE transaction can take up to five minutes, VINU is done in less than a second.
Further, VINU has zero transaction fees (compared to up to $0.20 for DOGE and up to $20 for SHIB) and also has an extremely small carbon footprint for green-minded investors.
One downside to the project, however, is the tokenomics with the VINU supply at 1 quadrillion (1,000,000,000,000,000). There is a burn mechanism but it will be a while before demand catches up to supply.
How to Invest in TAMA – Full Guide
Below is a full layout on how to buy our top pick for a crypto that could 10x soon:
Step 1 – Download MetaMask
Tamadoge (TAMA) is currently in its presale phase and cannot be bought with fiat currency or on an exchange.
Potential investors must first download a crypto wallet – MetaMask is a free and user-friendly example.
Step 2 – Buy ETH
There are a couple of ways to buy ETH.
The first and simplest is to buy ETH directly on the Tamadoge website, via Transak, using a debit or credit card. Connect MetaMask and simply press ‘Buy ETH with Card’ then follow the instructions.
Alternatively, ETH can be bought on a crypto exchange and then sent to MetaMask or bought directly on MetaMask, again with Transak.
Step 3 – Convert ETH for TAMA
If you bought ETH on the Tamadoge website then simply click ‘Convert ETH for TAMA’ and enter the required amount – note there is a minimum purchase of 1,000 TAMA and gas fees will apply.
If you did not, then connect MetaMask to the Tamadoge website and follow the instructions on screen.
After this, the TAMA tokens will be sent to the MetaMask wallet.
Step 4 – Claim TAMA
Once the transaction is complete, TAMA tokens will be stored on the Tamadoge website until the presale is finished.
Once that is over simply click ‘Claim’ and the TAMA tokens will be transferred to MetaMask.