There is no denying the colossal growth that cryptocurrencies have experienced in recent years. It’s hard to believe that a decade ago, digital assets constituted less than 1% of the world’s total stock markets. Today, some of the most successful cryptocurrencies in the world boast market caps of over $1 trillion. Interestingly, these cryptocurrencies have the potential to grow even larger in the future. In fact, the market analysts suggest that crypto booms could continue until 2023.
When you’re researching which cryptocurrencies to invest in, it’s important to keep a long-term perspective. Cryptoassets are highly volatile, and investing in them requires a great deal of risk. The unregulated nature of the industry makes it a particularly dicey proposition. However, if you’re able to find a reliable investment, there’s nothing to stop you from making huge gains over the next few years.
While the market has been down in recent months, there are a number of altcoins with strong potential for big gains in the coming years. To determine which ones have the most potential to become 100X, you’ll need to look at several key factors. For example, if you’re looking for a crypto to get an extra-ordinary return, you should choose one with a low coin supply and a strong community. Also, you should focus on cryptos that are experiencing major hype.
Lucky Block is a relatively new crypto with a relatively small market cap. However, it’s partnered with high profile names and has a large Telegram community. It recently announced a monthly 1% burn, which will drastically cut its supply. And it’s expected to list on other exchanges soon. This will help to increase the amount of investors in the crypto.
Another interesting option is ApeCoin, a native token of the metaverse platform Otherside. The coin has received a huge community backing and could be one of the most popular cryptocurrencies of the year.
However, ApeCoin’s use case is limited and it lacks utility. If you’re looking for a crypto that can do an extra-ordinary gain, it might be best to check out Chainlink, Safemoon, or FightOut. These three coins have a lot of buzz and activity, but they also have the potential to do 100X in the coming years.
Aside from the above-mentioned cryptocurrencies, Solana (SOL) is a great example of a crypto that is in the early stages of regulation and has an outstanding tech game. This is a crypto that has the potential to reach over $6 trillion in market cap in the next few years.
Lastly, FightOut is a leading-edge project in the Move-to-Earn space, and it has a unique feature set that makes it stand out. Currently, the token is listed on Binance and it’s estimated that it has a market cap of over $1 billion.
Investing in crypto can be very profitable, but it’s important to remember that these investments are extremely volatile. They’re a highly speculative investment, and you may have to pay tax on any profits you make.