Tech-Savvy Investors Chasing Top 5 Cryptocurrencies To Buy For 50,000% Profit

The promising cryptocurrencies to buy ranging from GameStop (GME), Notcoin (NOT), Solana (SOL), and Polygon (MATIC) to Immutable (IMX) are signaling positive market sentiment. These high-performers show strong potential for significant returns. Tech-savvy investors are keenly eyeing these digital assets for a chance to achieve 50,000% profits.

1. Cryptocurrencies To Buy – GameStop (GME)

GameStop (GME), a recent addition to the Solana ecosystem, is gaining traction as a meme coin that pays homage to the 2021 short squeeze of GameStop stock. This surge has boosted demand for Solana-based meme coins. GME currently holds the 567th spot on CoinMarketCap, boasting a market cap of $67 million.

Trading at $0.009878, GameStop price has experienced a remarkable 152% increase in the last 24 hours. Over the past month, its price has skyrocketed by 1745%, fueled by the return of Roaring Kitty, social media influence, and meme coin mania. The speculation around a short squeeze has tech-savvy investors eyeing GME among the top five cryptocurrencies to yield massive profits potentially.

2. Notcoin (NOT) 

Notcoin (NOT) started as a viral Telegram game that introduced users to Web3 through a tap-to-earn mining mechanic. Currently, Notcoin is priced at $0.022589 and has a 24-hour trading volume of $4.5 billion, positioning it above Solana and Binance Coin.

Notcoin has risen by 8.42% in the last 24 hours, securing the 52nd rank on CoinMarketCap with a market cap of $2.32 billion. Over the past week, Notcoin price surged by more than 225% following a recent airdrop. This surge has seen open interest soar past $100 million, with short liquidations exceeding $4.4 million. The rising popularity of Notcoin is attributed to its engaging play-to-earn web3 game hosted on Telegram.

3. Solana (SOL) 

Solana (SOL) is an open-source blockchain project that aims to provide decentralized finance (DeFi) solutions through its permissionless structure. Ranked fifth on CoinMarketCap, Solana has a market cap of $75.51 billion. The platform is designed to support decentralized applications (DApps), and its price has surged by over 625% in the past year, highlighting its potential for substantial returns.

Currently priced at $164, Solana has experienced a 0.89% dip in the last 24 hours. Over the past month, its market value has increased by more than 15%, indicating strong market dynamics. The platform is also seeing a surge in the total value locked in its DeFi applications. This trend enhances the appeal of meme coins on the Solana blockchain.

4. Cryptocurrencies To Buy – Polygon (MATIC) 

Polygon (MATIC) is another significant player in the blockchain space, enhancing Ethereum’s scalability and interoperability. This framework improves Ethereum’s capabilities without altering its core structure. Using sidechains, Polygon significantly boosts Ethereum’s scalability and reduces transaction costs, offering substantial user benefits.

Polygon’s value has surged by 15436% since its launch. Currently, Polygon price stands at $0.7025, marking a 1% rise in the last 24 hours. With a market capitalization of $6.96 billion, Polygon ranks 18th on CoinMarketCap. This impressive performance has tech-savvy investors eyeing Polygon as one of the top five cryptocurrencies to buy for a potential 50,000% profit.

5. Immutable (IMX)

Immutable (IMX) emerges as Ethereum’s premier layer-two NFT scaling solution, addressing scalability, user experience, market liquidity, and development speed. The platform offers a streamlined and efficient framework for NFT transactions and applications, overcoming Ethereum’s inherent constraints. At the of writing, Immutable price has seen a surge of 0.8% at $2.24.

Immutable has recently experienced a significant price rally, marking a 175% increase over the last year. Speculation suggests that IMX could escalate by 50,000%, reaching unprecedented highs. This upward trajectory positions Immutable as a promising player in the NFT space.

Bottom Line

The potential for significant gains makes GameStop, Notcoin, Solana, Polygon, and Immutable attractive options for tech-savvy investors. Their unique features and market positions signal promising growth prospects, aligning with the positive sentiment in the cryptocurrency market.

The post Tech-Savvy Investors Chasing Top 5 Cryptocurrencies To Buy For 50,000% Profit appeared first on CoinGape.