Eventhough all most all people talks about bitcoin, Bitcoin does that, bitcoin broke this, bitcoin price skyrockets, but do u know what if u wanna gain maximum profit on your investment the only possible way is to go for altcoins.
Disclaimer: I am not your financial adviser and all information available below are for purely educational purposes. Please verify all of the Information before using it and don't make any investment decision except upon the advice of a professional financial adviser. Past performance is no guarantee of future results. The value and income derived from investments may go down as well as up.
Bitcoin Vs Altcoin
See bitcoin price is rising there is no question abt that but can u get 100x on btc i don't think so as the price is already around $19k mark normal regular people like u and me cant even purchase one btc that easily. Leave the price do u possibly think btc would rally upto 100x mark it may happen but not gonna happen any time soon.
But when u come to altcoin u can see that many altcoin gets 100x gains take Celsius for example at the start its price starts around $o.o4 usd currently at the time of writing this article its trading around $2.4 that's almost 60x.
The good news is that there are still altcoins and with altcoins, it is still possible to 100x your wealth during a bull run. If you buy the right altcoins, then you still can make life-changing money. This leads us to the essential questions when it comes to investing in altcoins.
Which altcoin to invest?
When it comes to altcoin investing everyone has a question of which altcoin to invest and where can we find those altcoins?
U need to find a low cap market gem which u can invest. There are more sites that can help u with like coingecko and coinmarketcap. Market cap is the total value of coins and tokens available in a particular project.
U need to find a low cap market gem that u should invest upon for that 100x. Which altcoin to go upon is quiet difficult for that 100x because nothing is certain in crypto. U need to constantly watch the market do your own research about new projects.
Recently launched defi projects like uniswap, compound and yearn finance are booming. For example if u bought earn finance coin at the start u would be a millionaire now. If u wanna see my top altcoin list u can visit here.
When a coin or token with a lower market cap gathers your attention, you can start to go deeper with your own research. After you have gathered as much information as you can about this altcoin, it is about time to evaluate the information and to make a final investment decision.
The whitepaper is the key for new potential investors read it understand what they are doing and why u should invest in it. Reading whitepapers is not very exciting but it is an essential part of DYOR.
SUMMARY
Only altcoins will make u reach not btc or Ethereum. I am not saying its prices wont rise or anything but u wont get a 100x on these projects as they are more mature and u wont get a massive price up or down fast, As the 2 coins becomes more and more less volatile. Only altcoins like xrp, ADA, comp for example can make u gain 100x.
However, please keep in mind that investing in altcoins is also very risky and that you can also lose a lot of money. That`s why it is so important to diversify your investments. Don`t carry all your eggs in one basket, instead carry only as much as you are also willing to lose.
I hope this article is helpful to u, I would like to hear your thoughts on this. If u have any doubt about investing or if u want my thoughts about a particular project pls comment down below.
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You need to find the coins that have the most potential.