There are plenty of predictions for the price of Bitcoin and Ethereum in the upcoming bullrun. There is no doubt that the focus of many crypto investors and enthusiasts are currently on these two big guys.
While it is true that Bitcoin and Ethereum will significantly increase in value and even exceed a lot of expectations and predictions, real massive gains during the bullrun will be built around other altcoins. It is where a lot of wealth will be generated for ordinary and retail investors.
Only a few retail investors and enthusiasts can afford buying one or two Ethereum, even more difficult to get a whole Bitcoin now. Those who invested early to Bitcoin and Ethereum are certain to get massive gains. However, for someone who has just started and who has only a few thousand of dollars to invest, he could get better returns by buying undervalued coins that could potentially do at least 80x.
Let us assume that the price of Bitcoin is USD 20,000.000. An investor with such amount could buy a whole Bitcoin and if Bitcoin could do 15x, he could get USD 300,000.00. However, if he could choose a coin currently valued at USD 1.00 and get 20,000.00 of it out of the same amount and if that coin could go at least 80x, he could get USD 1,600,000.00.
In the first part of this article, I discussed the massive potentials of Zilliqa (ZIL), VeChain (VET) and Realio (RIO) to explode in terms of gains without exposing investors to a lot of risks. In this second part, I will discuss another three coins which could achieve the same feat. I also created and used a formula which takes into consideration at least ten (10) factors to determine the growth potential of each coin or token.
1. Cosmos (ATOM)
Cosmos is an ecosystem of independent blockhains that can scale, communicate and interoperate with each other in a decentralized way. For this reason, Cosmos calls itself as the internet of blockchains.
Cosmos has no problems attracting large enterprises and developers to build projects on top of it. These projects include the Binance Coin (BNB) which is the utility token of the world’s biggest exchange, Kava which is a DeFi lending platform, Band Protocol which is a cross-chain data oracle, IRISnet which is an interchain service hub for next generation distributed applications and Akash Network which is the world’s first decentralized cloud computing marketplace.
The strength of Cosmos lies not just in resolving scalability issues but also in giving enterprises and developers the supreme control over how their blockchains and applications will function. The Cosmos Software Development Kit helps blockchain developers by providing them with easy to access and customizable solutions.
The price of ATOM is just down by 38 percent from its all-time high which just happened last August of this year. Its current price as of this writing is USD 4.80 with a market cap that sits at just USD 1.3 billion. It is reasonable to expect that ATOM may do up to 115x during the bullrun. This will give each ATOM a price of USD 540.00.
2. Reserve Rights (RSR)
Reserve is a project that aims to build a stable, decentralized, asset-backed cryptocurrency and a digital payment system that scales supply with demand and maintains a hundred percent or more collateral backing. It aims to strengthen the usefulness of cryptocurrencies by making them as a stable store of value, medium of exchange and standard of deferred payment.
The Reserve Protocol can be implemented on top of any smart contract platform. It could be operated on its own chain, but it benefits from locating itself where collateral tokens are most liquid. The Reserve Rights token (RSR) is a protocol token used to facilitate the stability of RSV, which is the stable cryptocurrency of the Reserve System that can be held and spent the way fiat money are being used.
Among the investors of Reserve Protocol are Coinbase Ventures; Peter Thiel, co-founder of PayPal, Palantir Technologies, and Founders Fund; Distributed Global and Cryptolotus. Currently, the Reserve Protocol app is being widely used in Venezuela, Columbia, and Argentina by various business owners and common people. The long term plan is to extend the network to countries all around the globe and add other functionality aside from cashing in, exchanging and cashing out.
The current price of RSR is USD 0.01785 with a market cap of only USD 166 million. It is down 43 percent from its all-time high which just happened last August of this year. It is reasonable to expect that RSR may do at least 80x during the bullrun. This will give each RSR a price of USD between USD 1.40 to 1.60.
3. Dentacoin (DCN)
Dentacoin considers itself as the blockchain solution for the global dental industry. It aims to improve the quality of dental care worldwide, reduce treatment costs and create a dental community by rewarding people who provide valuable contributions with its own token, DCN.
Among the fully functional applications of Dentacoin are DentaVox Paid Surveys and Dental Stats, a market research website that generates valuable market insights; Dentacoin Trusted Review, the first platform for verified and incentivized dental reviews; Dentacare Oral Health App, a mobile app that helps users build and maintain oral health habit; and Dentacare: Jaws of Battle Game, a collectible card game aimed at indirectly educating children and adults on good and bad oral health habits.
In addition to its application, Dentacoin also launched the first dental assurance plan, based entirely on direct smart contracts between patients and dentists. It focuses on prevention rather than acute treatments and is exclusively paid in DCN. To increase the adoption of DCN, the Dentacoin Foundation is currently developing a hub app for dentists, a dental health database and an integrated practice management software.
The price of DCN is 0.000005 with a market cap of only USD 4.3 million. It has a total supply of 8 trillion with only 880 billion currently circulating. Although its total supply is discouraging, only an average of four to six percent of it is added annually to the circulating supply. It is reasonable to expect that DCN may do up to 125x during the bullrun. This will give each DCN a price of USD .000625. Although this price is still lower than its all-time high of .0058, the multiplier effect is the main advantage. Currently a hundred dollar could buy at least 20 million DCN. Thus, a gain of 125x would give massive profits.
We are done with the second batch of coins or token which have the most potential for explosive gains in the upcoming bull run. We still have nine (9) others to discuss. Do not forget to follow this blog for the next parts of this article.
(Welcome to Planet Crypto. We discuss necessary information and updates regarding the cryptocurrency market regularly. So if you want to get updated, do not forget to hit the follow button and smash the like button.
I am not a financial or investment advisor. The purpose of this channel is to raise awareness about blockchain, the technology which will make the greatest impact in the decades to come and help in the mass adoption of cryptocurrencies. Please only consider this as educational or informational. This is never intended as a financial or investment advice.)
Resources:
1. Cosmos Network Website, https://cosmos.network/;
2. Reserve Rights Website, https://reserve.org/;
3. Dentacoin Website, https://dentacoin.com/
