Top 3 Low-Risk Cryptocurrencies That Could 3X in 2024

Vignesh Karunanidhi
Top 3 Low-Risk Cryptocurrencies That Could 3X in 2024

Cryptocurrency investors are increasingly seeking opportunities that offer the potential for substantial returns while minimizing risk. In a recent tweet, prominent crypto analyst Michaël van de Poppe identified three altcoins that he believes could generate a 3x return with the lowest amount of risk: Optimism (OP), Chainlink (LINK), and WOO Network (WOO).

These cryptocurrencies have demonstrated strong fundamentals and have the potential to deliver significant gains in the coming year.

Also read: Top 3 Meme Coins For 10X Gains To Include In Your Portfolio

Optimism (OP)

Optimism Network Transactions Skyrocket by 67% after Bedrock Upgrade, Reports Nansen
Source: Crypto News

Optimism, a layer-2 scaling solution for Ethereum, has been gaining traction in the crypto community because of its ability to improve the Ethereum network’s scalability and efficiency. Currently trading at $2.46, OP has experienced a 6.99% decrease in the past 24 hours. However, the coin’s 30-day low and high stand at $1.86 and $3.75, respectively, suggesting a potential for significant price appreciation.

Despite trading 49.35% below its all-time high of $4.85, reached on March 6, 2024, Optimism’s all-time low of $0.4005 on June 19, 2022, and its subsequent growth of over 500% indicate that the coin has the potential to deliver substantial returns while minimizing downside risk.

Also read: Shiba Inu: AI Predicts SHIB Price For May 1, 2024

Can Chainlink (LINK) Hit $20 After Bitcoin Halving?
Source: Cryptonomist

Chainlink, a decentralized oracle network that enables smart contracts to securely access off-chain data feeds, has been a key player in the growth of the decentralized finance (DeFi) ecosystem.

Currently trading at $13.94, LINK has experienced a modest 0.80% decrease in the past 24 hours. The coin’s 30-day low and high stand at $12.00 and $19.34, respectively, indicating a potential for significant upside.

Although LINK is currently trading 73.65% below its all-time high of $52.88, reached on May 10, 2021, the coin’s all-time low of $0.1263 on September 23, 2017, and its subsequent growth of over 10,000% suggest that Chainlink has the potential to deliver substantial returns while minimizing risk.

Also read: Shiba Inu: ChatGPT Predicts When SHIB Could Hit $0.01

WOO Network (WOO)

WOO Network, a blockchain-based platform that connects traders, exchanges, and institutions with access to best-in-class liquidity and trading execution at lower or zero cost, has been gaining attention for its innovative approach to trading.

Currently trading at $0.2954, WOO has experienced a 5.10% decrease in the past 24 hours. The coin’s 30-day low and high stand at $0.2415 and $0.5128, respectively, suggesting a potential for significant price appreciation.

Despite trading 88.09% below its all-time high of $2.48, reached on November 16, 2021, WOO’s unique value proposition and the growing demand for efficient trading solutions position the coin for potential gains with minimal downside risk.

Staking, fee discounts, and other benefits utilize the WOO token, which plays a pivotal role in the WOO ecosystem. As more traders, exchanges, and institutions adopt the WOO Network platform, the demand for the WOO token is expected to increase, potentially driving its price higher.

Identifying low-risk cryptocurrency opportunities with the potential for substantial returns is crucial. Optimism, Chainlink, and WOO Network have emerged as three altcoins that could potentially deliver a 3x return while minimizing downside risk, according to crypto analyst Michaël van de Poppe.