October, called Uptober for crypto markets due to seasonality, lived up to its name and delivered a nice 10% gain for Bitcoin. With the US presidential election going Trump’s way and the US Fed cutting interest rates again this month, the crypto market is already booming in a new bull cycle. Bitcoin is now trading in uncharted territory above $91,000, while the overall crypto market cap has surpassed $3 trillion.

Given this bullish trend, we explore some emerging crypto narratives and identify potential gems that could generate good returns in the coming months. Remember that the crypto market is inherently volatile and it is crucial to conduct your own research and understand the risks associated with each investment.

Layer 1 – ETH and SOL (low to medium risk, good returns)

Layer 1s form the backbone of Web3. This month, we stick to the top two altcoins that can generate strong returns once the Bitcoin rally ends.

Ethereum (ETH) has struggled to post its 2022 merger. It has fallen over 50% against Bitcoin and is at a stage where it can be considered a value buy (valuation of 0.034 ETH/BTC Currently). ETH tends to do well between January and March, but it is already showing signs of recovery this month. ETH has the potential to do 4-6 times over the next 12 months.

Solana (SOL) is emerging as a great alternative to Ethereum in the crypto space. The Solana blockchain has sparked memecoin adoption this cycle, with SOL trading less than 8% off its 2021 all-time high and is easily positioned to make a 5-8x over the next 12 months if the bull cycle continues. product.

AI and games – TAO and SUPER (medium risk, high returns)

AI-based projects have huge growth potential during the next bull run. This narrative is linked to the global adoption of AI tools, including ChatGPT, Gemini, etc. Bittensor (TAO) allows AI researchers to develop applications based on their ML models. Creators of digital products are rewarded in the TAO. TAO has a supply cap of 21 million similar to Bitcoin. The dynamics of its ecosystem ensure that TAO is sought after. TAO has yet to figure out the October-November rallies, and with a current market cap of $3.6 billion, it can potentially achieve a 6-8x increase in 12 months.

The game is at the sweet spot to connect the young mobile ecosystem to blockchains and NFTs. Much of the innovation in Web3 typically comes from strong gaming platforms.

SuperVerse (SUPER) is a robust gaming ecosystem backed by Animoca Brands. SuperVerse’s native blockchain is tailor-made for gaming with ultra-fast, low-cost transactions. SuperVerse includes two main verticals: the NFT market and video games. The wide range of Web3 tools in this ecosystem are supported and governed by a single protocol and token, namely SUPER. SUPER, with a market cap of $650 million, can potentially achieve a gain of 6-10 times over two years.

Memecoins of the Month – GOAT, POPCAT, MOG (high risk, high returns)

Memecoins continue to trend and are the first ecosystem to bounce back from a dip in this cycle. Even if the risks are high, there is considerable interest in devoting a small part of your portfolio to it. We select three such coins which are also among the top 100 crypto assets.

Goatseus Maximus (GOAT) is an emerging AI meme token and is currently leading the AI ​​category. Its origin is interesting: that of a conversation between two AI agents. The creator of these agents created a template and assigned it an account The AI ​​agent started promoting the GOAT memecoin and the rest is history. It is up 180% in the last month and has a current market cap of $1.1 billion with good volumes.

Popcat (POPCAT) is a fun, meme-powered token that is gaining popularity and engagement across social platforms. POPCAT has withstood periods of market dumping and is very popular in Asia, especially Hong Kong, and has a strong cultural reference. Its current market capitalization is $1.8 billion.

Mog Coin (MOG) has taken the crypto community by storm, quickly gaining over 37,000 holders due to its strong social media presence and viral meme campaigns. MOG has demonstrated significant potential for high returns, but with high risk. With a current market capitalization of $950 million, MOG can offer a potential return of 6-8x in 12 months.

The OG – BTC (lowest risk, decent returns)

It is prudent to direct the majority of your cryptocurrency portfolio towards the safest assets – Bitcoin (BTC) primarily, followed by Ethereum (ETH) and Solana (SOL). They are proven to drive adoption by new investors in the space. Bitcoin returns will be less significant (2-4x) here, but they drive the crypto narrative and volume.

(The author Vikram Subburaj is CEO of Giottus Crypto Platform. Opinions are his own.)

(Disclaimer: The recommendations, suggestions, views and opinions expressed by the experts are their own. These do not represent the views of the Economic Times.)