Analyzing altcoins on Binance that are down more than 90% from their all-time highs, here are a few projects with 5-10x upside potential in the next bull market:
1. Elrond ($EGLD )
ATH: $545.64 (November 2021)
Reduction: ~94%
Why Consider: Elrond is a platform for scalable and decentralized applications. It offers a solution for fast and cheap transaction processing, which could become the basis for future blockchain applications and networks if the demand for decentralized services increases.
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2. Even ($CELO )
ATH: $10.61 (August 2021)
Reduction: ~95%
Why you should consider: Celo is a mobile blockchain platform that focuses on financial inclusion, particularly in developing countries. If the demand for mobile financial services increases, this project could show a strong recovery.
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3. Audio ($AUDIO )
ATH: $4.97 (March 2021)
Reduction: ~95%
Why you should consider it: Audius is a decentralized platform for musicians that allows them to get direct access to their fans without intermediaries. The growing demand for decentralized content platforms could lead to the growth of this project.
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Recommendations:
1. Diversification: Spread investments among several projects to reduce risks.
2. Long-term perspective: Technologies enabling mobile finance, Web3 and decentralized platforms have high potential in the coming years.
3. Stay tuned: Stay tuned for new partnerships and updates that may affect the price of these tokens.
4. Risk assessment: Investing in altcoins can be risky, but with great potential rewards.
