I recently read that a guy named FANCYCAT made $500 million in crypto by hacking and laundering money...
While I'm not condoning these methods, I couldn't help but wonder if there were legitimate ways to amass that kind of wealth in the crypto world.
After all, the crypto market has been known for its volatility and the potential for exponential returns. So, could I achieve my own $1 million crypto dream without resorting to hacking or other illegal activities?
The answer is yes, but it requires careful planning, knowledge, and a bit of luck. You can find on dropstab.com the ATH (all-time high) and ATL (all-time low) prices of cryptos, showing exact dates when those high and lows were reached. Such metrics also offers a historical price analysis of all cryptos:
For instance, among the 5 top cryptos (excluding USDT) listed above, the biggest gain was made by Ethereum (ETH), which increased from ATL about 10 times as much as Bitcoin (BTC)!
Although I am an absolute Bitcoin lover, I wish I invested $100 in ETH in 2015, since it would have reached a value of half a million dollars in 2021.
Therefore, the question is of course: Which cryptocurrency in 2024 could grow as much as ETH? You may look at the cryptocurrencies that reached their ATL recently, i.e., in 2023 or 2024, assuming that some of them will grow as much as ETH in the next decade. Let's have a look:
Please be cautious with all the tokens above because:
1) Most of them are already much higher than their ATL.
2) Those that are not much higher than their ATL like 1000SATS or MANTA are already controversial...
Therefore, nobody can tell you which of these tokens is the future ETH. It would be too easy of course... However, by comparing some of the recently launched cryptos with ETH (as it was in 2015), you may find some high potential ones that may lead you to a significant gain in the next decade...
Disclaimer: Remember, past performance is not necessarily indicative of future results. These examples showcase the potential for exponential gains in the crypto market, but they also highlight the risks involved. Always conduct thorough research, understand the underlying technology and market dynamics, and manage your risk appetite accordingly.
