Do You Hunt For Altcoin Gems?
Perusing CoinGecko for new and upcoming altcoin picks is something I frequently do. As a Sapphire Crypto reader, you will be aware that one of my main strategies for increasing portfolio value is acquiring altcoins in their infancy. This has proven to be a very successful approach, and though while risky, it can be very beneficial. You just have to go about it the correct way. If you believe that the market is about to top out then it would not make too much sense to acquire new altcoin holdings. However, if you believe that BTC is going to surpass $150K this cycle, then it is never really a bad time to start accumulating. What may be an unwise move for a trader may actually be an exceptional move for a longer-term investor.
Clarify your objective and timeframe, as this can make a significant difference to the decisions you make and may need to make. I regularly get asked about altcoins that I have on my radar, as well as projects I am busy accumulating. I have spoken of Ubix Network a few times and am still quite bullish on this project. However, I am not accumulating any more at this stage as the price is rather stagnant.
I have however started building a small position in a very tiny micro-cap that has a market cap of only $3 million. This project is live and currently offering services to clients.
Meet Axpire
Axpire is a company that provides automated software solutions for enterprises. The AXPR token has been trading since early 2018 and shows a significant amount of promise, which I detail in my latest article, "Axpire - Is This Project About To Surprise?". A project that already has working products and is only valued at $3 million has to eventually gain some meaningful upside. There are a few other key aspects to AXPR that give it a strong possibility of attaining altcoin fame but you will have to read about it here.
Thanks for reading and remember, these micro-cap plays are extremely risky, so please perform your own extensive research.
Disclaimer
First of all, I am not a financial advisor. All information provided on this website is strictly my own opinion and not financial advice. I do make use of affiliate links. Purchasing or interacting with any third-party company could result in me receiving a commission. In some instances, utilizing an affiliate link can also result in a bonus or discount.
