The recent TAO price rally sparked interest among investors in finding the next promising crypto coins that could offer significant returns. TAO has made a huge step ahead in its decentralization progress by introducing smart contracts to its blockchain. TAO increased from a low of $192 on September 6 to over $550 in less than a month.
Can These Four Crypto Coins Peplicate TAO Gains?
TAO price has taken a breather as the hype over the news may have been priced in. However, investors looking to double their portfolios can look into these crypto coins:
1. Chainlink (LINK)
Chainlink is a decentralized oracle network that provides real-world data to smart contracts on the blockchain. The project has a suite of services that range from DePIN to RWA tokenization to DeFi, making it one of the most sought-after Web3 service providers.
Chainlink’s Cross Chain Interoperability Protocol (CCIP), Proof of Reserves, and Oracle network services with over 1,000 integrations—all paid for in LINK tokens. This increases the demand for LINK, potentially setting up the stage for a price surge in the future.
Chainlink price is on an upward trend, increasing by 6.67% on September 24 and inching closer to breaking above a bullish reversal pattern that could send it to $15.
2. Artificial Super Intelligence (FET)
FET is one of the largest AI blockchains in terms of resources owing to the recent mergers between Ocean (OCEAN), SingularityNET (AGIX), and itself. The ASI alliance has recently added another member to the team, bringing the total member count to four. The consolidation of all these resourceful projects into one token could send prices higher.
The FET price has increased 24% in the last seven days and promises to double as a bullish inverted head-and-shoulder pattern has flashed on its daily timeframe chart.
3. Cardano (ADA)
Cardano is known for its strong focus on security and scalability. The Cardano team has improved its technology in the past few months, releasing Hydra and teasing Ouroboros’ implementation.
Cardano price surged by 6.63% yesterday, inching closer to breaking out of a falling wedge. Further bullish action is likely to send the crypto coin to $0.80 if market conditions remain the same.
4. Sui (SUI)
Sui Network is a next-generation Layer-1 designed to enhance the deployment of smart contracts and improve transaction speeds through parallel processing and horizontal scaling.
The SUI price has increased in the past few weeks following capital inflows into the network. Over the past month, $310 million has been bridged from Ethereum to the network. Sui’s social dominance has also surged alongside its TVL, which surpassed $950 million. These factors could drive SUI prices over $5 as it has already broken above a key resistance level.
Conclusion
These four crypto coins could turn a $500 investment into $5,000, especially given their strong fundamentals and growth aspects. Additionally, the incoming crypto market bull run season could bolster returns beyond the anticipated 10X increase.
The post 4 Crypto Coins To Turn $500 to $5000 After TAO’s 100% Rally appeared first on CoinGape.
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