Like the stock market, a crypto whose price doubles is called a two-bagger, while if the price increases 10 times, it will be called a 10-bagger. Thus, multi-baggers are cryptocurrencies whose prices have increased many times their initial investment values.
In other words, multibagger is a term used to describe cryptocurrencies that have returned many times their cost. These cryptos are essentially undervalued and have strong fundamentals, thus presenting themselves as great investment options.
To identify cryptos with multibagger potential, one should check its previous quarter’s performance/ track record, earnings and price multiples, review, project roadmap and future scope. To check all these details you need time, a lot of time. So is there any way to find out the cryptos with multibagger potential in September 2023?
Yes, we have spent a lot of time researching cryptos, their potential, reviews, roadmaps and their future plans to prepare a list for you. It will save your time and hard-earned money as well. So go through the list and choose a good multibagger cryptocurrency to invest in.
Best Cryptos with Multibagger Potential
We have listed them as per their multibagger potential, and also provide basic details about these cryptocurrencies and the projects they are linked with. Take your time and make a wise decision. Here our list of cryptocurrencies with multibagger potential in 2023 begins:
- Gerino (GNC)
Gerino Coin (GNC) is a new digital currency that competes with bitcoin. It uses blockchain technology to allow fast, cheap payments worldwide. Gerino Coin is decentralized, so no one controls the network, making your money and transactions safe and private.
Gerino Coin has also met regulatory requirements, giving investors more confidence in the project’s legitimacy and future.
One of the best features of Gerino Coin’s trading platform is that it can prevent trading losses. This is done by using many experienced traders to help users make profits and reduce losses.
Users can also use Gerino’s copy trading feature to copy the trades of successful traders, allowing them to build a profitable portfolio without needing to know a lot about crypto and trading.
Gerino Coin is still new, so investors have a chance to get in early on this innovative cryptocurrency. With its many benefits and growth potential, Gerino Coin could become a major player in the digital currency market.
- Bitcoin Cash (BCH)
Bitcoin Cash (BCH) is a cryptocurrency that emerged in 2017 from a hard fork of the original Bitcoin blockchain. The key distinction between Bitcoin and Bitcoin Cash is the block size limit, which has been expanded from 1MB to 8MB in Bitcoin Cash. This allows miners on the BCH chain to process up to 8 times as many transactions per second as Bitcoin.
As for market performance, recent crypto market data shows that the price of BCH has risen about 30 percent in the last 24 hours to trade around $295, with a market capitalization of approximately $5.71 billion. Bitcoin Cash has seen a significant increase in daily traded volume, which stood at around $2 billion, up more than 80 percent in the last 24 hours.
The increase in traded volume in a rising market is a clear sign of higher demand, which tends to fuel a bullish outlook. You can view the live price chart and other details on websites like CoinMarketCap and CoinDesk.
- Maker (MKR)
Maker (MKR) is a cryptocurrency and governance token associated with MakerDAO and Maker Protocol, a decentralized finance (DeFi) platform on the Ethereum blockchain. The Maker Protocol enables users to create a stablecoin named DAI, which is tied to the US dollar’s value, by securing collateral such as ETH or other ERC-20 tokens.
Regarding growth, recent market data indicates that the price of MKR has been variable. In March 2023, Maker saw a significant increase, reaching $948; however, it has since retested the $660 price point and is currently trading around $640.
The value of the Maker cryptocurrency rose nearly fourfold in 2021 but fell by more than a fifth in the 30 days ending November 2021. Live price charts and other details can be found on websites like CoinDesk and CoinGecko.
- Tron (TRX)
TRON (TRX) is a blockchain-based operating system launched in 2017 to give digital content creators full ownership rights. TRON’s main feature is its support for smart contracts, different blockchain systems, and decentralized applications (dApps).
The ecosystem has three layers for smooth and powerful operation. The main network protection tool is a delegated Proof-of-Stake (dPoS) system, an alternative to Proof-of-Stake and Proof-of-Work. TRON also supports decentralized games that reward creators with digital assets.
The CEO of Tron recently announced the launch of USDD, a stablecoin backed by collateral reserves worth more than three times the value of USDD in circulation.
- Toncoin (TON)
Toncoin (TON) is the native digital currency of the Telegram Open Network and is among the top performers of 2022, having had a very bullish year compared to other cryptocurrencies. Toncoin is a highly sought-after crypto project that connects several components of the ecosystem, including TON Blockchain, TON DNS, TON storage, and TON sites.
In terms of growth, recent market data indicates that Toncoin has become the 23rd-largest cryptocurrency by market capitalization. The digital currency is trading at $2.3, with a 2.70% growth over the past 24 hours and a 27% increase over the past month. Toncoin boasts a growth of +180% in accounts over the past 6 months. You can view live price charts and other details on websites like CoinGecko.
- Binance Coin (BNB)
Binance Coin, the native token of Binance, is one of the top 10 cryptocurrencies with high potential. Binance is one of the largest and most popular crypto exchanges in the world. Binance Coin was launched in 2017 by Changpeng Zhao (CZ), the founder and CEO of Binance, and has a long journey ahead with the potential for very high returns.
Binance Coin can be used to trade on Binance, pay fees, and access various services and products offered by the Binance ecosystem, such as Binance Chain, Binance Smart Chain, Binance DEX, Binance Launchpad, and more.
The main advantage of Binance Coin is its utility and value, as it offers discounts and incentives for users of Binance and its partners. However, its main disadvantage is its dependency and centralization, as it is heavily influenced by the decisions and actions of Binance and CZ.
Binance Coin’s potential lies in its ability to support the growth and development of the constantly expanding and innovating Binance ecosystem in the crypto space. It could also benefit from the growing demand and adoption of cryptocurrencies, especially in emerging markets where Binance has a strong presence.
Since July 2017, the price of Binance Coin has increased by more than 2000%, reaching an all-time high of over $600 in April 2023.
- Cardano (ADA)
Cardano is a blockchain platform launched in 2017 by Charles Hoskinson, co-founder of Ethereum and BitShares, with the goal of creating a more scalable, secure, and sustainable foundation for decentralized applications and systems. It was developed by three entities: the Cardano Foundation, IOHK, and Emurgo.
Cardano’s main advantage is its scientific and academic approach, as it is based on peer-reviewed research and formal methods that ensure its quality and reliability. However, its main disadvantage is its slow and cautious development, as it has taken years to perfect its roadmap and deliver its features.
Cardano’s potential lies in its ability to solve some of the challenges and limitations of existing blockchains, such as scalability, interoperability, governance, and stability.
It is also designed to support social and economic applications that could improve the lives of millions of people around the world, especially in developing countries. Since October 2017, Cardano’s price has increased by more than 4000%, reaching an all-time high of over $2 in May 2023.
- Polkadot (DOT)
Polkadot, founded in 2016 by Gavin Wood, co-founder of Ethereum and creator of the Solidity programming language, is a blockchain platform developed by Parity Technologies, Web3 Foundation, and Polkadot Network. Its goal is to create a network of interoperable blockchains capable of seamless exchange of data and value.
Polkadot accomplishes this through its ability to facilitate cross-blockchain transfers of any data or asset type, not just tokens. By connecting to Polkadot, users can interoperate with a wide range of blockchains within the Polkadot network.
Polkadot also provides unparalleled economic scalability by allowing a common set of validators to secure multiple blockchains and transactional scalability by distributing transactions across multiple parallel blockchains.
This makes it easier than ever to build and connect decentralized applications, services, and institutions. In short, Polkadot is a powerful platform that is helping to shape the future of the decentralized web.
- Shiba Memu (SHMU)
Shiba Memu, supercharged with AI, can self-market by handling its own PR, social media posts, and forum interactions, and generating personalized content to ensure engagement and conversions.
It has the power of over 100 marketing agencies in one place, continuously scouring the internet for mentions of its brand, analyzing sentiment, and learning and adapting new marketing strategies to maintain a positive reputation.
Investors in SHMU can expect to be rewarded with plenty of treats. By providing feedback, users can earn more SHMU tokens, with any suggestions adopted by Shiba Memu resulting in additional tokens for those who contributed.
- Avalanche(AVAX)
Avalanche (AVAX) is a layer-one blockchain that provides a unique platform for decentralized applications and custom blockchain networks, aiming to compete with Ethereum, the most popular blockchain for smart contracts.
Avalanche sets itself apart with its ability to process up to 6,500 transactions per second without sacrificing scalability. This is made possible by its innovative architecture, which includes three individual blockchains with distinct purposes – the X-Chain, C-Chain, and P-Chain – and different consensus mechanisms based on their use cases, unlike Bitcoin and Ethereum.
Avalanche’s architecture allows for higher throughput without compromising security and improves interoperability with other blockchains.
Conclusion
If you’re considering investing in cryptos with multibagger potential for high returns, we recommend choosing one of the top cryptocurrencies from the list. Top picks like Gerino can provide great returns while also reducing the major risks present in the market.
However, it is suggested that before making an investment you should study the project and also keep an eye on its performance. So, do proper research before investing!