Amid the sluggish crypto market in the past week, the gradual increase in demand for cryptocurrencies could present an opportunity to turn $10 into $100 in the coming days.
Furthermore, the exchange volume for altcoins, excluding the top 5 by market capitalization – including Bitcoin (BTC), Ethereum (ETH), Solana (SOL), XRP, and Binance Coin (BNB) – has been increasing, according to updates from CryptoQuant analyzed by Finbold on May 27.
CEX volume ratio. Source: CryptoQuant
As such, Finbold analyzed the top four candidates likely to experience a 10x rally over the coming week based on these tailwinds: Real-World Assets (RWA) tokenization, AI-focused boom, privacy-centric space, and memecoins.
XDC network (XDC): RWA and tokenization tailwinds
The XDC Network (XDC) has cemented itself as one of the leading real-world asset (RWA) chains, with total tokenized RWAs now surpassing $1.02 billion across 14 issuers and 8 asset categories, according to on-chain data from TradeFi Network.
As such, the demand for XDC has surged in the recent past, with 10.38 million units, valued at $756,000, withdrawn from crypto exchanges in a single day, based on metrics from Santiment. With a market cap of about $666 million and a 24-hour trading volume of around $13.6 million, XDC is a top candidate for cryptocurrencies to breakout over the coming week.
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Artificial Superintelligence Alliance (FET): AI-focused boom
The Artificial Superintelligence Alliance (FET) anchors itself as one of the largest open-source Artificial Intelligence (AI) economies in the crypto space. With a market cap of roughly $559 million and a 24-hour trading volume of nearly $328 million, the FET price is well positioned to rally amid the anticipated altcoin boom.
Dash (DASH): Privacy-centric space
The rising demand for privacy in cryptocurrencies, as observed in the growth of Zcash (ZEC), Dash (DASH) is well-positioned to follow the same trend soon. As of press time, DASH had a market cap of approximately $553 million and a 24-hour trading volume of approximately $84 million.
Pudgy Penguins (PENGU): The memecoin narrative
The Pudgy Penguins (PENGU) memecoin is another candidate likely to rally 1000% over the coming week. With a strong user base, including institutional investors, PENGU could see its market cap move from $531 million to nearly $6 billion in the coming days.
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