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100x altcoins

Only Altcoins Can 100x Your Wealth in 2021!

I believe that it`s the altcoins that will make the average investor rich in 2021. It is not Bitcoin. If you want to see a 100x in your portfolio then you need to pick the right altcoins.

Here is why altcoins can make you rich in 2021 and how to pick the right ones.

Altcoins vs. Bitcoin

Bitcoin is pumping like crazy these days and getting closer and closer to a new all-time high. The big question is: Can we see a 100x in Bitcoin any time soon? A 100x in Bitcoin would require a market capitalization of 32 trillion dollars. This is the result when you multiply the current price of Bitcoin by 100 and by the total supply. That`s the mathematics. Now 32 trillion dollars is one-third of the entire global money supply. It is highly unlikely that this will happen in any reasonable time frame. This means that we won`t see a 100x in Bitcoin.

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.

The Essential Questions Of Altcoin Investing

The first essential question when it comes to altcoin investing is where to find the low market cap gems that you can potentially invest in? A low market cap gem is worth an investment because it promises the biggest gains for the investors. Market cap means the value of all coins and tokens available. This is exactly what this post is about. It`s a quite difficult task because I think that the great majority of the altcoins are simply useless shitcoins.

The second essential question is probably the most important question when it comes to investing in altcoins: When is the best time to sell your altcoins and collect the gains? Answering both questions would be too much for one post. Especially answering this second question is quite challenging. That`s why I will cover this second question in a separate post that I am going to publish in a few days from now. So if you like this kind of fancy stuff, make sure to follow me, and you won`t miss it.


Finding The 100x Coin

So let`s start with the first essential question: How to find a potential low market cap gem investment that can 100x your wealth?

Well, your low market cap gem hunt actually starts pretty simply, for example here on Publish0x. You need to do some research and find some inspiration. Just follow the crypto news channels or crypto influencers.  Another place you can go to is GoinGecko. The benefit of CoinGecko is that it lists down cryptocurrencies in decreasing order of market capitalization. Look for coins with a low market capitalization as these coins are promising the biggest gains.

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.

To evaluate the potential of a coin, ask yourself this super important question: What is the utility that the coin is bringing to the system? You definitely need to find the answer to this essential question and you should find the answer to this question in the project`s whitepaper. I mean analyzing charts is nice but not enough in my opinion. Especially if it is a new project that has gathered your attention, there is no historical chart at all that you can analyze. Most important is gathering and evaluating information.

If you don`t find any use case at all in the whitepaper then you can throw it directly in the trash can and move on to the next one.

A whitepaper should tell potential investors everything they need to know about the project. This is the reason why a project which doesn’t have a whitepaper shouldn`t be considered at all. Reading whitepapers is not very exciting but it is an essential part of DYOR.

There is also a mathematical method to determine the potential future price of your altcoin pick. I am going to explain this method in my upcoming post where I talk about finding your personal altcoin exit strategy.

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My Favorite Altcoin Picks

I still believe that DeFi altcoins are having huge potential in 2021. There are some really nice DeFi picks out there like Kava, Compound, or Synthetix, just to name a few. I have already covered my TOP DeFi altcoins in one of my previous posts: TOP 5 Decentralized DEX & DeFi Altcoins Primed For Gains

I am also a huge fan of oracles like Chainlink, BAND Protocol, or DIA. Chainlink is definitely the top dog among the oracles but I am pretty enthusiastic about the smaller ones. I have also written a post about the potential of oracles that you might want to check out: Chainlink, BAND, and Tellor 🚀 The Oracle Boom Explained

Another pick would be altcoins from the Polkadot ecosystem including Polkadot itself. I have already highlighted my TOP3 Polkadot altcoins in a separate post that you can check out here: TOP 3 DeFi Altcoins Powered By Polkadot 🚀

These would be my favorite sectors for altcoin investments. Another promising altcoin sector seems to be Non-Fungible Tokens (NFTs) but these are just my two satoshis. Now, what do you think, what altcoins have the potential to 100x your wealth? It would be awesome if you would let me know in the comments!

My Final Words

Only altcoins have the potential to 100x your wealth. You won`t see a 100x with Bitcoin in any reasonable timeframe. 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.

At the end of my post, I also like to remind you that my intention in this post is to raise your awareness of the potential of altcoins and not to replace your own research. The thing is that I may look smart on my profile pic but I am not your financial sensei. 🤓  However, my post really reflects my own opinion.

I hope I could provide you with some interesting and useful information. Thank you guys as always for reading, liking, following, and tipping 👍

If you like, you can also follow me on Twitter.

You may also like: 10 Crypto Investment Tips For Beginners - Don`t Pay Other People To Lose Your Money!

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