The crypto market is currently in the midst of a bear market, which provides investors with a good opportunity to buy digital assets at a low price. However, not all tokens offer the same level of opportunity, especially considering their recent performance. Therefore, here are three mid-cap tokens that have the potential to provide the most upside in the short term.

TON (TON)

Toncoin (TON) is the brainchild of Telegram founders Nikolai and Pavel Durov before they donated the project to the community. It has become a huge success due to its close relationship with Telegram, currently one of the largest messaging apps in the world, and therefore it is very popular among millions of Telegram users.

TON has performed particularly well in 2023 with its numerous open-source projects. However, it has not really kept pace with the wider cryptocurrency market, which may be the biggest advantage of this mid-cap cryptocurrency.

TON is currently down over 10% for the week, which means it has not recovered from the rest of the market. This could be a sign of an independent rally in the digital asset. Such a rally could easily take the altcoin above $1.5, which would be an easy 20% gain for investors.

Mantle (MNT)

Another mid-cap that has not really been able to keep up with the crypto market recovery is Mantle (MNT). The token is still new to the market, but its performance since launch suggests that the “one big rally” that usually follows a new token launch has not yet occurred.

MNT is currently down over 11% for the week but is still trading in a very tight range. If the cryptocurrency breaks out of the $0.5 to $0.6 price range, it could easily break out above $1. If so, then Mantle (MNT) could see a near 100% rally from here.

Injective (INJ)

Injective (INJ) is the third mid-cap cryptocurrency on this list due to its performance in the first quarter of 2023. The coin’s price rose from less than $2 at the beginning of the year to nearly $10 at its peak. However, the growth rate has slowed down since then.

The slowdown in the past few months could mean investor capitulation, which usually precedes a major rally. Additionally, it could be a sign that sellers have finally completed their activities, giving the coin the space it needs to gather enough momentum.

If INJ sees a similar rally to what it saw in the first quarter of 2023, investors could be looking at a rally of at least 50%. Such short-term gains could easily outpace the likes of Bitcoin and Ethereum, both of which have seen gains that are too large for a short-term burst.

Conclusions for these cryptocurrencies

The cryptocurrencies on this list have solid communities and a level of interest in them. When these two factors combine perfectly, it can often lead to a quick recovery in price. However, it is important to remember that cryptocurrencies are inherently volatile and are just as likely to fall as they are to rise.