There are some of Wall Street’s favorite cryptos that could potentially make you seven figures or more. These coins are seen as having massive upside potential due to their innovative technologies, strong development teams, and active user communities.

In order to tap into these favorite cryptos, one must look for the following things. These include strong fundamentals and real-world utility, scalability, and solid tokenomics. The coin must also be volatile. It must also have a small enough market cap in order for it to make a serious move.

The issue with most cryptos is that some or most of the above factors are missing. Meme coins might have momentum on their side, but lack utility. While larger cap coins such as Bitcoin (BTC-USD) tick most boxes, its market capitalization could prevent it from making moves.

InvestorPlace - Stock Market News, Stock Advice & Trading Tips

So to help investors find the diamond in the rough, here are three cryptos that could make you rich.

PYTH (PYTH-USD)

Source: Wit Olszewski / Shutterstock.com

PYTH (PYTH-USD) is a governance token in the Pyth network, notable for its rapid speed and multi-chain functionality. It offers voting rights within the Pyth DAO, with potential airdrops from associated projects.

PYTH has made some strong moves in 2023. Furthermore, I think that it could be on track for another successful year.

PYTH enhanced its data oracle system last year by launching its permissionless mainnet and transitioning to on-chain governance. It also focused on increasing its ecosystem’s robustness by welcoming new data providers and deploying scalable cross-chain oracle feeds.

PYTH’s token ticks all the boxes, and it also has a low market cap of just around 1.3 billion at the time of writing. It also has momentum on its side, trading at around 90 cents, almost tripling its valuation at the start of the idea.

I think that as the bull market rages on, PYTH could become one of those favorite cryptos loved by Wall Street.

Alephium (ALPH-USD)

Source: stockphoto-graf/ShutterStock.com

Alephium (ALPH-USD) introduces innovations such as sharding through its BlockFlow algorithm and a unique Proof of Less Work (POLW) consensus mechanism for energy efficiency.

I also think it could evolve into being one of those favorite cryptos adored by investors. This is due to its market cap sitting at just $175,000 at the time of writing, making it poised for a substantial move amid the halving event that is due in April this year.

The ALPH developers have allowed it to support over 10,000 transactions per second while maintaining a single-chain user experience. It then aims to curb some of the limitations of Bitcoin whilst offering substantial upside for investors.