Here Are 3 New Cryptocurrencies With +1,000% Potential AlabaMusic
Here Are 3 New Cryptocurrencies With +1,000% Potential

Here Are 3 New Cryptocurrencies With +1,000% Potential

Bitcoin’s (CCC:BTC) unexpected rise to $40,000 has created a cohort of fortunate investors. It’s also made an even larger group of jealous naysayers who wonder, in private, whether it’s too late to buy into mainstream cryptocurrencies.

As a relatively early investor in Ethereum (CCC:ETH), the #2 cryptocurrency, let me tell you this: when it comes to cryptocurrency, it pays to get in early. In 2010, Bitcoin traded for less than $0.08 per coin — a $100 investment would have grown to $50 million today. Meanwhile, investing in established coins offer far less upside. Today, JP Morgan’s lofty $146,000 target suggests just a 265% Bitcoin upside.

So, how can investors identify the coins with 1,000% return potential? While there no magic formula, all successful coins share three characteristics at launch: 1) superior technology, 2) a dedicated user base, and 3) a cheap entry point. Add in a bit of good fortune, and you too could be sitting on the next “millionaire-maker” cryptocurrency.

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Cryptocurrencies: The Three Trillion Dollar Opportunity

In January, New York-based crypto exchange Bakkt estimated that cryptocurrencies could be worth $3 trillion by 2025. And they could be right. Today, people make three-quarters of all transactions electronically. And during the first wave of the Coronavirus pandemic in Q2 2020, the Federal Reserve bank of San Francisco found that almost two-thirds of people didn’t make a single in-person payment. Meanwhile, online payment companies from Visa (NYSE:V) to Ant Group have seen revenues and profits skyrocket. In Q3 2020, PayPal (NASDAQ:PYPL) announced its profits had doubled from a year before.

Yet, the financial system that powers transactions are decades old. The SWIFT network, the backbone of international financial transactions, was established in 1973. And the layered fees mean that even relatively small international transactions can cost hundreds of dollars. And that’s where cryptocurrencies step in. With their open ledgers, lower fees, and increasingly secure networks, digital currencies are blazing the path to a more open form of financial exchange.

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“The technology has opened new opportunities for serving micro-transactions, lowering entry barriers, decreasing the costs of business operations and increasing competition in the market, wrote a team of researchers at the University of Manchester. “After the invention of smart contracts, its applications further expanded.”

There’s no guarantee that Bitcoin (or any cryptocurrency, for that matter) will survive in the long run. Unlike physical gold, cryptocurrencies only have a decade of history as a store of value. But blockchains, the underlying technology of all crypto coins, will likely succeed.

A Pile of 10,000 Cryptocurrencies

So, how to get started finding these “millionaire-maker” coins? Firstly, understand the pitfalls of spreading investments too thin. As with penny stocks, it’s tempting to buy a little bit of everything; kiss enough frogs, they say, and one might eventually turn into a prince. But when it only takes five minutes to create your own cryptocurrency, you’re bound to find a lot of duds. And with almost ten thousand cryptocurrencies available today, it would take close to a million dollars to invest just $100 in each coin.

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That means finding the next “millionaire-maker” cryptocurrency involves choosing only the most promising altcoins and then making a meaningful investment. Lack the discipline, and you may end up with the digital equivalent of beanie babies — values that temporarily spike but then ultimately disappear. But succeed, and you could end up with the next +1,000% gainer on your hands.

So, to get you started, here are three lesser-known coins with the characteristics of the next Bitcoin in 2021:

  • Cardano (CCC:ADA)
  • Stellar (CCC:XLM)
  • Polkadot (CCC:DOT)

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