3 Altcoin Projects That Could Explode Higher If the Crypto Market Recovers

The crypto market was in the red last week. Notably, this selloff has hit altcoin tokens particularly hard. Still, I believe now could be a good time for investors to take advantage of this opportunity to stock up on some promising altcoin projects.

The crypto market had a rough week last week. Notably, this selloff hit altcoin tokens particularly hard. Still, I believe now could be a good time for investors to take advantage of this opportunity to stock up on some promising altcoin projects. That goes for those who believe the broader crypto market will recover from here.

Many altcoins are trading at rock-bottom prices, with some near their all-time lows. Moreover, many crypto projects have seen great momentum but are unable to achieve a breakthrough due to the general bear market.

Of course, there is no guarantee that these cryptos will increase in value. I would say that if you are looking for cryptos with “astronomical upside potential,” you should be aware that you are investing in assets that are similar to lottery bets. You should only put “fun money” into such cryptos. With that in mind, here are three to check out now.

1. Turbo (TURBO-USD)

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TURBO (TURBO-USD) is the first meme coin created using AI. It was founded by a cryptocurrency enthusiast who asked GPT-4 to create a meme ecosystem.

TURBO’s price has risen 5,748.32% since it was listed on CoinMarketCap nine months ago, but interest may have waned as the token’s price has fallen over the last month. This is largely due to the collapse of the broader market in recent weeks. A recovery in the altcoin markets could lead to a significant recovery here too.

The price for Turbo is predicted to trade in a range of $0.003827 and $0.017873. If Coincodex’s upper price target is met, TURBO could rise 367.19% this year. However, this is quite speculative as technical analysis rarely works in the long term. I think this project will only succeed if we see an upward trend in meme coins as a group.

2. Non-Playable Coin (NPC-USD)

Source: Shutterstock

Non-Playable Coin (NPC-USD) is a meme token and NFT hybrid with supply set to the entire human population recorded as of July 26, 2023. Each token can be converted into an NFT at a 1:1 ratio. Currently, NPC is traded on decentralized exchanges Uniswap (UNI-USD) and NFT marketplaces. I think this is a meme coin with a lot of potential as NPC memes have gained wide recognition.

However, the price movement here was no longer bullish. The broader market has been bearish and the momentum has reversed over the past two weeks. NPC is down 33.6% in the last week. But any recovery in the meme crypto space could lead to a comeback here. The market cap is close to $110 million at the time of writing, so I believe there is room for multi-bagger upside over time.

3. LinqAI (LNQ-USD)

Source: Shutterstock

AI cryptos were all the hype at the beginning of the year. However, most of this hype has faded and most traders are investing their money in meme cryptos. Utility cryptos have generally been ahead in recent months, but I still think it’s worth making some long-term bets here.

LinqAI (LNQ-USD) is one of the smaller AI projects out there. However, I think the risk profile is currently more favorable. Crypto trading is close to its historical resistance level of around 10 cents. If the stars align, it can bounce back from here and deliver huge profits. At the time of writing, LNQ’s market cap is just $17 million. MEXC and Bitmart are the only two major exchanges on which trading takes place.

This project also provides huge benefits to users. This AI project is used to automate tasks and is particularly suitable for Web 3.0. For those who are optimistic about the AI ​​revolution, this is currently one of my top recommendations.

At the time of publication, Omor Ibne Ehsan did not hold, directly or indirectly, any positions in the securities mentioned in this article. The opinions expressed in this article are those of the author and are subject to InvestorPlace.com’s publication policies.

Omor Ibne Ehsan is a writer at InvestorPlace. He is a self-taught investor focused on growth and cyclical stocks with strong fundamentals, value and long-term potential. He also has an interest in high-risk, high-reward investments such as cryptocurrencies and penny stocks. You can keep following him on LinkedIn.

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