The end-of-year hell of the cryptocurrency market is still raging. Its total value has increased by 0.9% to $2.38 trillion in the last 24 hours. The major coins have seen modest increases in value over the same period. Bitcoin (BTC), on the other hand, has seen a 0.4% increase while ethereum's (ETH) appreciation of 1.4%. There are still cryptocurrencies on the market that offer greater potential gains. This article highlights the top 5 best cryptocurrency for 10x returns.

Five Best Cryptocurrencies to Buy for 10x Returns

1. Internet Computer (ICP).

Today's largest gainer in the past 24 hours is ICP. It is now $35.78 and has increased by 23% and 44% over the past 24 hours.

The indicators of ICP show strong momentum. Its relative strength index, in purple above, reached 85 yesterday. The current level is encouragingly at 55. Its 30-day moving mean (in red above) is well above its 200 day average (in blue below), suggesting that it may be able to break out to a new long term level.

ICP is a promising investment because it remains 95% below the $700 all-time high. This record was set the day after its launch. The coin's demand soared upon its release. Although it has fallen significantly since then, its fundamentals are still as strong as they were in May 2021.

ICP, which is the native token for Internet Computer, can be described as follows: This blockchain-based platform aims to provide a decentralised Web version with its distributed network'subnets' that can run applications at high internet speed.

Internet Computer recently attracted attention due to its plans for integration with the Ethereum and Bitcoin blockchains. These integrations will enable bitcoins and ERC-20 natively to the Internet Computer blockchain. This will allow the platform to be used more widely, which is a good thing for the ICP market.

2. The Graph (GRT).

GRT has risen 11% to $0.726992 in the last 24 hours. It has also increased by 9% over the past week, and by 6% over the past month.

GRT's RSI is showing strong momentum and rising momentum. Its 30-day average also formed a golden cross' yesterday with its 200-day mean. This could indicate that a rally may be on the horizon.

GRT is the native token for the Graph, which is an open-sourced protocol that allows users to store, process, and collect data from various blockchain applications. GRT can be staked by the protocol users to retrieve and store information.

In December, The Graph was proud to announce a variety of new partnerships and launch events. This is largely responsible for its recent rises with its ecosystem growing and attracting new users. It partnered with Aurora to provide data indexing services, and it saw Entropyfi, YieldFi platform, launch on its network. This is why it is one of our top 5 cryptocurrency to invest in for 10x returns.

-- Entropyfi (@entropyfi) December 29, 2021

3. Chiliz (CHZ)

CHZ has risen by 7% to $0.322328 in the last 24 hours. This is also a 5% increase in the last week and a 15% jump over the last 14 days.

CHZ is another coin that has indicators suggesting a breakout. Its RSI just above 60 indicates good momentum, without the coin being too overbought.

There are many reasons to be confident about CHZ. It is the native token of the "world's first" tokenised sports exchange and will likely see increasing demand as sports fans increasingly seek to purchase the official branded tokens for their favorite teams.

The platform was proud to have over 100 partnerships last year. It also gifted Cristiano Ronaldo $JUV tokens in March 2021. This sent CHZ to an all time high of $0.8786333. Although it's currently 63% lower than this level, the platform is expected to continue its lead in official sports tokens in 2022.

-- Alexandre Dreyfus (@alex_dreyfus) December 27, 2021

4. The Sandbox (SAND).

SAND has remained flat at $5.60 over the last 24 hours. It is also down by 6% over the past week but up by 3.3% over the last 30 days.

SAND's indicators indicate that the time is right for a rally. Although its 30-day average has been falling since December 27, it could have reached a low. Its RSI has risen from 35 to 65 in less than a day.

SAND is undoubtedly one of the most promising coins in 2022, if you look at the whole picture. It seems to be performing better than any other coin of its type, thanks to the Facebook-inspired metaverse craze. It sold a plot of land worth $4.3 million in December. It also sold land for $86 million during the last week of November, which is more than any other metaverse-related platform (including Decentraland).

It has a high chance of growing further in 2022, thanks to a $93million raise by SoftBank, a major VC fund. It is one of our top 5 cryptocurrency that you can buy for 10x returns.

5. Iota (IOTA).

IOTA currently has a price of $1.30. This represents a 4% drop in 24 hours. It has fallen 10% over the past week, but is still up 12.8% in 30 days.

Another coin that has indicators suggesting it is nearing a bottom, IOTA may rise at any moment. The coin's RSI indicates that it is being oversold right now, while its 30-day average seems close to a bottom in comparison to its 200-day average.

IOTA's price has dropped over the past week, but its native platform has successfully implemented staking. This will increase relative demand in the long-term, which should push up IOTA's prices.

-- December 28, 2021, IOTA (@iota).

IOTA Stakers now get SMR and ASMB rewards. These tokens can be used with Iota sister network Shimmer or Assembly. Assembly adds smart contract capabilities to Iota’s suite of Internet-of-Things toolkits. These capabilities could lead to increased adoption and usage of the Iota platform over time. This is a positive thing for IOTA.

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By: Simon Chandler
Title: 5 Best Cryptocurrency to Buy for 10x Returns – January 2022
Sourced From: insidebitcoins.com/news/5-best-cryptocurrency-to-buy-for-10x-returns-january-2022
Published Date: Wed, 05 Jan 2022 10:24:20 +0000