The post Top 4 Solana Based Altcoins to Watch for 10x Profits in Q4 2024 appeared first on Coinpedia Fintech News
On a recent episode of Crypto Banter’s podcast, a crypto analyst highlighted the importance of knowing when to take profits, as not all tokens will reach their previous all-time highs. With Bitcoin’s dominance on the rise, a golden opportunity for altcoins to shine is emerging. As the market shifts from Bitcoin to Ethereum and then to altcoins, retail investors could drive significant hype, with millions of small players influencing trends.
With Solana’s recent surge, savvy investors are now focusing on promising low-cap Solana-based projects that could offer notable returns. Crypto Banter has identified four standout projects showing strong potential for growth.
Could a handful of Solana-based altcoins be the next big thing in crypto? Let’s dive in.
deBridge (DBR)
Crypto Banter praised deBridge as a cross-chain platform that enables quick and low-cost asset transfers across various blockchains. It has already built a strong track record, with over 558,000 users and $13 million in fees generated. Its market makers ensure smooth conversions, making deBridge a valuable tool in a multi-chain environment.
Currently, DBR is available at prices similar to what venture capitalists paid, making it an appealing long-term investment.
Parcl (PRCL)
Parcl is a decentralized exchange focused on trading real estate prices, letting users leverage trades on real-world assets. It uniquely integrates cryptocurrency with real estate, tapping into the growing trend of asset tokenization. Parcl offers up to 50x leverage, attracting traders seeking high-risk, high-reward opportunities. It also provides a way to diversify portfolios in the real estate sector.
Drift Protocol (DRIFT)
Drift Protocol is Solana’s first prediction market, allowing users to bet on future outcomes through a capital-efficient model. Its “BET” feature is gaining traction for its low transaction costs and fast execution. As other blockchains adopt prediction markets, Drift’s first-mover advantage on Solana positions it well to attract users, especially with major global events like the upcoming U.S. elections on the horizon.
Jupiter (JUP)
Lastly, Jupiter serves as a liquidity aggregator for Solana, helping users find the best prices for token swaps across decentralized exchanges. It plays a key role in improving the trading experience by reducing slippage and providing better rates. As an essential part of Solana’s growing ecosystem, Jupiter is well-positioned to benefit from increased trading activity.
The future looks promising for Solana-based altcoins, though uncertainties remain. Do you think these projects will deliver on their potential?
