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#top 5 altcoins for 2024
cryptonewspod · 7 months
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Top 5 Altcoins for the Next Bull Run - 100x Growth in March 2024!
2024 could see a big rise in altcoins during the crypto bull run! This year is going to be very exciting for cryptocurrency fans. Recent events like Bitcoin halving and Ethereum ETF will shake the cryptocurrency market, and experts seem quite excited about this. YouTuber Brian Jung recently released a video in which he talks about the Top 5 Altcoins and also reveals that this is going to be a…
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sfujioka1 · 10 hours
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情報開発と利活用20240926
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2024年にフォローすべき上位新興暗号通貨プロジェクト(Top Emerging Cryptocurrency Projects to Follow in 2024) 🐘 エレファントマネー 無制限NFTによる持続可能な不労所得🚀(🐘 Sustainable Passive Income with Elephant Money Unlimited NFTs 🚀) 単に人件費を削り、純利益を拡大し、配当金(や自社株買い)を増やしたいだけ?!竹中平蔵をオワコン化せよ 先端技術情報2020926 (1)バイナンスのチャンポンジャオの釈放は、これらの5つのアルトコインを後押しする可能性がある Binance’s Changpeng Zhao Release May Boost These 5 Altcoins
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mhbayzid · 19 hours
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Top Cryptocurrencies Under $1 to Invest in 2024-2025
In the fast-paced world of cryptocurrencies, investors are always on the lookout for promising low-cost assets with high potential returns. As the market continues to grow, many affordable digital currencies have shown immense promise, particularly those priced under $1. In this article, we’ll explore the top cryptocurrencies under $1 that could present lucrative investment opportunities in 2024-2025.
Table of Contents:
Introduction to Cryptocurrencies Under $1
Why Consider Cryptocurrencies Priced Under $1?
Top Cryptocurrencies Under $1 for 2024-2025
1. Ripple (XRP)
2. Dogecoin (DOGE)
3. Shiba Inu (SHIB)
4. Stellar (XLM)
5. VeChain (VET)
6. Harmony (ONE)
7. Holo (HOT)
8. BitTorrent (BTT)
9. Revain (REV)
10. Dent (DENT)
Factors to Consider Before Investing in Low-Priced Cryptocurrencies
Investment Strategies for Low-Priced Cryptos
Risks Involved in Investing in Cryptocurrencies Under $1
1. Introduction to Cryptocurrencies Under $1
The cryptocurrency market has experienced rapid growth, with some digital assets reaching astronomical prices. However, there are still numerous altcoins available for less than $1 that provide exciting potential for growth. These low-priced cryptocurrencies offer an accessible entry point for investors and have the ability to multiply in value with time.
The focus on cryptocurrencies under $1 has grown, particularly among retail investors looking for affordable options with promising technology and real-world use cases. These digital assets can serve as both a speculative investment and a long-term portfolio component.
In this article, we’ll highlight the top cryptocurrencies priced under $1 that could provide significant returns in 2024-2025.
2. Why Consider Cryptocurrencies Priced Under $1?
Investing in cryptocurrencies under $1 is attractive for several reasons, making them appealing to both new and experienced investors.
a. Affordable Entry Point
Low-cost cryptocurrencies provide an easy entry into the market for those who may not have a large budget for investments. For under $1, investors can purchase a significant number of tokens, increasing the potential for large profits if the price appreciates.
b. High Growth Potential
Some low-cost cryptocurrencies have experienced incredible price surges, offering massive returns on investment. Early investors in assets like Dogecoin or Shiba Inu saw exponential gains, demonstrating the potential of under $1 cryptocurrencies.
c. Opportunity for Diversification
Investing in multiple cryptocurrencies priced under $1 allows you to diversify your portfolio, spreading risk across several assets. This approach mitigates the impact of price volatility in any single cryptocurrency.
d. Innovative Technologies
Many of the cryptocurrencies priced under $1 are tied to innovative blockchain technologies and solutions. These projects often work on issues such as scalability, interoperability, and energy efficiency, making them highly attractive to investors who believe in their long-term potential.
3. Top Cryptocurrencies Under $1 for 2024-2025
Let’s dive into the best cryptocurrencies under $1 to invest in during 2024-2025. Each cryptocurrency on this list has its unique value proposition, potential for growth, and a committed community that could drive its price upwards in the future.
1. Ripple (XRP) - $0.50
Overview: Ripple (XRP) has been one of the most well-established cryptocurrencies in the market. While its price is under $1, XRP is known for its solid use case in cross-border payments and remittances.
Why Invest?:
Institutional partnerships: Ripple has established partnerships with major financial institutions around the world, enhancing its credibility and long-term potential.
Adoption in financial systems: With the growing adoption of blockchain in the banking sector, Ripple’s technology could see widespread use, potentially boosting XRP’s price.
Potential in 2024-2025: As more financial institutions adopt Ripple’s payment solutions, XRP could experience significant growth. Its price may remain low for now, but long-term prospects make it a solid pick for under $1 investments.
2. Dogecoin (DOGE) - $0.06
Overview: Initially created as a joke, Dogecoin has evolved into a serious player in the crypto world, primarily due to its strong community and celebrity endorsements.
Why Invest?:
Massive community support: Dogecoin has a huge, active community that continues to push for its adoption and integration into mainstream financial platforms.
Celebrity endorsements: Figures like Elon Musk have publicly supported Dogecoin, giving it a significant price boost and attention from the broader market.
Potential in 2024-2025: Dogecoin has survived many market cycles and continues to demonstrate staying power. With ongoing development and adoption for payments, DOGE could see growth, particularly if social media buzz increases.
3. Shiba Inu (SHIB) - $0.000007
Overview: Shiba Inu is another meme coin that gained massive popularity following the success of Dogecoin. However, SHIB distinguishes itself by building its decentralized ecosystem, ShibaSwap.
Why Invest?:
DeFi integration: Shiba Inu has developed its decentralized exchange (DEX), ShibaSwap, which adds to its utility and adoption.
Burn mechanisms: The project regularly burns tokens, reducing supply and theoretically driving up demand over time.
Potential in 2024-2025: If the Shiba Inu ecosystem continues to grow, SHIB could see substantial price increases. It remains a speculative but promising investment option.
4. Stellar (XLM) - $0.12
Overview: Stellar is a decentralized network designed to facilitate fast and low-cost cross-border payments. XLM, its native token, is used to facilitate these transactions.
Why Invest?:
Partnerships with financial institutions: Stellar has partnered with companies like IBM and other financial institutions, giving it a strong foothold in the blockchain payment sector.
Focus on financial inclusion: Stellar’s goal is to help provide affordable financial services to underserved regions, increasing its social impact and potential for global adoption.
Potential in 2024-2025: As more institutions adopt Stellar’s technology for cross-border payments, XLM could see considerable price growth. Its long-term viability makes it a compelling option for under $1 investment.
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emilyj90 · 2 months
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Find the Best Cryptocurrency in 2024
Cryptocurrencies are increasingly popular, especially among the younger generation, who want to spend them on various goods and services. Moreover, these digital currencies are gaining traction in today’s market.
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What Is Cryptocurrency?
Cryptocurrency is a digital or virtual currency that uses cryptography for security and operates independently of a central authority, like a bank or government. Unlike traditional currencies, cryptocurrencies cannot be physically held. They are decentralized, relying on blockchain technology—a distributed ledger maintained by a network of computers.
How Does Cryptocurrency Work?
At its core, cryptocurrency relies on blockchain technology which is a chain of blocks containing transaction data. Each block is linked to the previous one, creating a secure and chronological information chain. Transactions are recorded and verified by network nodes through cryptography, ensuring that only legitimate transactions are added to the blockchain.
5 Best Crypto to Buy Now
Bitcoin (BTC) - Market cap: $1.3 trillion - YTD: 111% Bitcoin is the first and most popular cryptocurrency on the market. It is the largest crypto by market capitalization. Bitcoin is known for its high liquidity, allowing traders to trade BTC 24/7, regardless of time zone. As a staple coin in the market, Bitcoin is also highly volatile, so it is essential to have a risk management strategy to mitigate significant risks during day trading.
Ethereum (ETH) - Market cap: $409.9 billion - YTD: 78% Ethereum is the leading alternative coin (altcoin) in the crypto market. Known for its volatility, it offers traders opportunities for significant returns. In 2022, it transitioned from Proof-of-Work (PoW) to Proof-of-Stake (PoS), enhancing its appeal. Its high liquidity ensures constant market activity, making it popular among day traders for quick transactions.
Binance Coin (BNB) - Market cap: $83.9 billion - YTD: 134% Binance Coin (BNB), supported by the world’s largest crypto exchange Binance, is one of the top cryptocurrencies despite being banned in India. BNB is known for its volatility, offering profit opportunities through short-term price fluctuations and carrying investment risks. Nonetheless, it is considered a relatively stable and safe investment for day trading in the market.
Find out another rank: FinxpdX
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industry212 · 2 months
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coinroop · 2 months
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Here are the top 5 crypto news stories for today, July 18th, 2024:
1- #Bitcoin on the Rise: Bitcoin continues its upward trend, surging past the $65,000 mark. Analysts believe it could reach $70,000 soon.
2-SEC Approves Spot Ether ETFs: The SEC has reportedly given the green light for spot Ether ETFs to begin trading next Tuesday, July 23rd. This is seen as a major win for the Ethereum ecosystem.
3-#Mt_Gox_BTC_Dip Mt. Gox Payout Update: The recent payout of Bitcoin from the defunct Mt. Gox exchange appears to have had minimal impact on the market, with Bitcoin prices shaking off any concerns.
4-Crypto Trading Clampdown Expands: Regulatory scrutiny on crypto exchanges is intensifying, with another large exchange coming under investigation.
5- #XRP Leads Crypto Rally: XRP, the token associated with Ripple, is experiencing a surge in price, leading the charge among altcoins.
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ashtonlanger · 3 months
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The Best Crypto Exchanges to Use in 2024
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Choosing the proper cryptocurrency exchange is crucial for trading and investing digital assets. With numerous exchanges offering various features, security measures, and trading options, finding the best one can streamline your crypto journey.
Here's a detailed look at some of the top crypto exchanges you should consider in 2024:
For the latest updates on cryptocurrency exchanges and trading tips, visit Trading Views. Happy trading in 2024!
1. Binance
Binance is one of the largest and most popular cryptocurrency exchanges globally, known for its extensive range of cryptocurrencies and trading pairs. Key features include:
Wide Variety of Coins: Binance offers a vast selection of cryptocurrencies for trading and investment.
Low Fees: Competitive trading fees and discounts for using Binance Coin (BNB) for transactions.
Advanced Trading Options: Options for spot trading, futures trading, margin trading, and more.
Security: Strong security measures, including two-factor authentication (2FA) and cold storage for funds.
2. Coinbase
Coinbase is a user-friendly exchange that caters to beginners and experienced traders alike. Highlights of Coinbase include:
Ease of Use: Intuitive interface suitable for beginners entering the crypto space.
Regulation Compliance: Fully compliant with regulations in various countries, providing added security for users.
Large User Base: High liquidity due to its large user base and institutional backing.
Staking and Rewards: Options for staking certain cryptocurrencies to earn rewards.
3. Kraken
Kraken is known for its emphasis on security and regulatory compliance. Features of Kraken include:
Security: Robust security measures, including cold storage and regular security audits.
Wide Range of Cryptocurrencies: Supports a variety of cryptocurrencies, including many altcoins.
Fiat Currency Support: Allows users to deposit and withdraw fiat currencies, facilitating easy entry into the crypto market.
Advanced Trading Features: Offers margin trading, futures trading, and advanced order types.
4. Gemini
Gemini is a regulated cryptocurrency exchange based in the United States, known for its security and compliance. Key features include:
Regulatory Compliance: Fully compliant with regulations in the United States and other jurisdictions.
Insurance: Provides insurance coverage for digital assets held on the exchange.
User Interface: User-friendly interface suitable for beginners and experienced traders.
Staking Options: Allows users to earn rewards through staking certain cryptocurrencies.
5. Bitfinex
Bitfinex is a cryptocurrency exchange known for its advanced trading features and liquidity. Features of Bitfinex include:
Advanced Trading Tools: Offers margin trading, lending markets, and a variety of order types.
High Liquidity: Suitable for traders looking to execute large orders with minimal slippage.
Security: Implements rigorous security measures, including 2FA and cold storage.
API Integration: Supports API trading for algorithmic and automated trading strategies.
6. Huobi Global
Huobi Global is a global cryptocurrency exchange known for its wide range of supported cryptocurrencies and trading pairs. Highlights of Huobi include:
Global Presence: Operates in multiple countries and regions, catering to a diverse user base.
Derivatives Trading: Offers options, futures, and perpetual swaps for advanced traders.
Security Measures: Implements robust security protocols to protect user funds.
Staking and Rewards: Provides opportunities for users to earn rewards through staking and promotions.
Choosing the Right Exchange
When selecting a cryptocurrency exchange, consider security, fees, supported cryptocurrencies, user interface, and regulatory compliance.
Each exchange has its strengths and may cater to different types of traders, from beginners to advanced users. Researching and choosing an exchange that aligns with your trading goals and preferences is essential.
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kristikinzel12 · 3 months
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Top Altcoins to Watch for the 2024 Bull Run
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As the 2024 bull run kicks off, the crypto market is buzzing excitedly, drawing investor interest toward altcoins that could see significant value increases by 2025. The analyst has reviewed several high-potential altcoins and provided insights for diversifying their portfolios and capitalizing on the current market momentum.
For those aiming to become millionaires by 2025, some promising cryptocurrencies, aside from Bitcoin and Ethereum, are worth considering for investment.
Promising Cryptos for Millionaire Status by 2025
As the 2024 bull run begins, several cryptocurrencies are generating buzz for their potential to deliver substantial returns by 2025. Here’s a look at some top contenders that could help you reach millionaire status:
1. Bitcoin: Bitcoin, the leading cryptocurrency with a fixed supply of 21 million coins, has historically experienced significant price increases following each “halving” event, which halves the rate of new Bitcoin issuance. The next halving is expected to take place in 2024, and based on historical patterns, Bitcoin’s price could potentially reach $120,000 by 2025. To achieve millionaire status by 2025 at today’s price of $55,511.04, you would need to own 8.3 BTC.
2. Ethereum: Ethereum, the second-largest cryptocurrency by market cap, is expected to see substantial growth next year. The anticipated Ethereum ETF and rising institutional interest could push the price to $9,000. To become a millionaire by 2025 at today’s price of approximately $2,918.46, you would need to own 111 ETH.
3. Solana (SOL): Solana is a high-performance blockchain renowned for its speed and low fees. Compared to Ethereum as “Apple” is to “Android,” Solana represents a streamlined, high-growth ecosystem. With a projected price target of $1,100, you would need 99 SOL at the current price of $132.90 to achieve a million-dollar valuation by 2025.
4. Polkadot (DOT): Polkadot has shown strong performance recently, up about 30–35% over the past year. As a key player in interoperability, its price could reach $350. To become a millionaire, you’d need 2,857 DOT at today’s price of around $5.50.
5. Axmint (AXM): Axmint has Shown strong performance recent burning of 20% of AXM tokens marks a pivotal moment in the token’s journey. AXM token is up +11.54% to $0.58. The AXM presale is selling out fast, with the token available at just USD 0.4. The listing price will be 1 to 2 USD/AXM, which is a remarkable feat. In essence, AXM token investors are already making decent profits while the presale is going on. presently trading at $0.63.
6. Injective Protocol (INJ): Injective Protocol aims to offer a complete DeFi experience. With a price target of $180, you would need 5,555 INJ tokens at the current price of around $19 to become a millionaire by 2025.
These cryptocurrencies offer unique opportunities for investors, each with distinct features and potential for significant returns, making them worth keeping an eye on.
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sense-of-cents · 3 months
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cryto-news · 4 months
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Top 5 Altcoins to Watch: Unprecedented Growth and Investment Opportunities for 2024
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cryptonewspod · 7 months
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Top Altcoins in March 2024, That Can Give Good Profits!
Top Altcoins – The cryptocurrency market is running hot, Bitcoin is rising rapidly, and the value of Bitcoin has crossed $61,000 for the first time since November 2021. The recent surge in Ethereum (ETH), Cardano (ADA), Solana (SOL), and Dogecoin (DOGE) has led the total crypto market cap to exceed $2.3 trillion. Cryptocurrency investors are looking at the potential to make nice profits, with a…
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sfujioka1 · 1 month
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2024.08.152024年の仮想通貨強気相場で20倍から100倍の成長が見込まれるアルトコイン、トップ5(Top 5 Altcoins Poised for 20x to 100x Growth in the 2024 Crypto Bull Run)  テーマ:英語のお勉強日記(7971)カテゴリ:仮想通貨​Top 5 Altcoins Poised for 20x to 100x
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artemiscoin1 · 12 days
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mortdha1 · 5 months
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How to Buy Crypto for the First Time in 2024
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Introduction: As we navigate through 2024, the allure of digital currencies continues to captivate the attention of investors around the globe. If you're considering joining this digital revolution, purchasing cryptocurrency for the first time might seem daunting. Fear not, as this guide will walk you through the essential steps to embark on your crypto journey with confidence. Read on to discover the safest and most effective strategies to make your first crypto purchase, and don't forget to explore further insights through the link at the end of this article.Continue Reading Here
Step 1: Understand the Basics of Cryptocurrency Before you invest a single dollar, it's crucial to grasp the basic concepts of cryptocurrency. Cryptocurrencies are digital assets that use cryptography for security and operate independently of a central bank. Popular examples include Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP). Understanding how blockchain technology works will provide you with a solid foundation for making informed investment decisions.Continue Reading Here
Step 2: Choose the Right Crypto Exchange Selecting a reputable crypto exchange is vital. Look for platforms known for their security measures, user-friendly interface, and customer support. Some of the top exchanges as of 2024 include Coinbase, Binance, and Kraken. Ensure the exchange supports the specific cryptocurrencies you are interested in and check for any geographical or legal restrictions.Continue Reading Here
Step 3: Set Up and Secure Your Account Once you choose an exchange, you'll need to create an account. This process typically involves verifying your identity to comply with regulatory requirements—known as KYC (Know Your Customer). It's essential to use strong, unique passwords and enable two-factor authentication (2FA) for added security.Continue Reading Here
Step 4: Deposit Funds After securing your account, the next step is to deposit funds. Most exchanges accept various funding methods, including bank transfers, credit cards, and even PayPal. Choose the method that best suits your needs, keeping in mind potential fees and transaction times.Continue Reading Here
Step 5: Make Your First Purchase Now, you're ready to buy your first cryptocurrency. You can start with a popular currency like Bitcoin or Ethereum, or perhaps a lesser-known altcoin depending on your interest and research. It’s advisable to start with a small amount until you become more familiar with the process.Continue Reading Here
Conclusion: Buying cryptocurrency for the first time is an exciting step towards participating in the digital economy of the future. By following these steps, you can ensure a safe and informed entry into the world of crypto. Remember, investing in cryptocurrencies can be risky, so it's wise to conduct thorough research and invest responsibly. For more detailed insights, click on the link below to further your understanding and enhance your investing journey.
Continue Reading Here
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esthrer55a · 7 months
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Top 5 AI Crypto Altcoins GUARANTEED to Explode in 2024!
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brandonmillman · 7 months
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Two Cryptocurrencies to Invest in 2024: Investing in These Altcoins is Like Buying Ethereum Under $10 and Solana Under $0.9
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I have realized that many cryptocurrency investors, including myself, are greedy. We always desire more, like Oliver Twist. We often wish we had invested in cryptocurrency earlier when Bitcoin was under $100, ETH under $5, and SOL under a dollar.
However, the real problem is not about investing early in crypto projects, because even those who invested in Bitcoin early without understanding its fundamentals sold their assets before it reached $10.
The real issue is investing in crypto projects without conviction. This alone has caused many to sell their crypto assets before they gained mainstream adoption.
If you don’t believe me, ask those who invested in Bitcoin when it was under $100. How many of them still hold their BTC to this day? If you’re in this category, please share your story in the comment section so that we can learn from it.
You see, finding the next 100x crypto isn’t a big deal, but can you hold on when things are not going your way? As an investor, the temptation to sell your cryptocurrency assets when prices fluctuate is something you must deal with.
For example, if you had bought Solana (SOL) in 2020 for less than $0.92, would you have imagined it reaching above $250 in 2021? Probably not. So, whether you missed the opportunity to invest early in crypto or are just starting today, you need conviction to set long-term goals.
All Hope Is Not Lost
Thankfully, there are new narratives and emerging blockchain technologies that have disrupted the crypto market in recent months. Investing in these projects can compensate for your late arrival in the cryptocurrency market.
Since narratives drive the crypto market, we will follow the smart money concept to invest in two projects supported by whales, institutional investors, and crypto influencers.
However, I will not encourage you to sell your car, mortgage your house, take a loan, or invest your rent fees in these crypto projects. I do not support such financial recklessness.
You must understand that investing in new cryptocurrency projects is always risky, and the chances of losing your capital are high. So, only invest the amount you’re willing to gamble with so you don’t suffer from depression if your investment goes underwater. Now the question is…
What are the 100x Crypto Projects to Invest in 2024?
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Recently, two cryptocurrency projects that haven’t experienced the cryptocurrency bull market caught my attention, and if you know what that means, you will add this article to your watchlist.
For example, Solana, Avalanche, Fantom, and Polkadot had their first bull run in 2021, and they delivered incredible gains to early investors. They outperformed Chainlink, Litecoin, Ethereum, Bitcoin Cash, and other old-generation tokens in terms of their return on investments (ROIs)
So, if you are still holding the 2017 and 2021 tokens like my grandma, and hoping to make 5–10x returns from them, good luck.
You might earn some profits from those old tokens, but investing in Sei Network, Manta Network, and other newer projects could yield higher returns. These new projects could offer over 100x returns on your investment if you follow the right strategy.
How to Find and Invest in Emerging Crypto Gems
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To increase your chances of success investing in emerging crypto gems, you need to consider the following criteria:
Get in early
Invest in projects that haven’t experienced a bull market
Have conviction
Stick with the plan
Focus on social media hype and influencers promoting new projects
Keep the process simple.
By following these steps, you can stay ahead of the curve and make insane profits. But when the market becomes saturated, you can take profits from these new projects and put them into Stablecoins, BTC, ETH, SOL, and other top crypto that make up your long-term portfolio.
Two Examples of Emerging Crypto Gems: Sei Network and Manta Network
Now that you know the criteria for finding and investing in emerging crypto gems, let me introduce you to two projects that have huge potential in this bull run: Sei Network and Manta Network.
These two projects are shaping how the blockchain industry should function and challenging developers on LI and L2 blockchains to think deeply because of the innovative ideas they brought on board. First, let’s start with Sei Network.
Sei Network: The Fastest and Cheapest Blockchain for Trading
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Most people ask what is Sei Network, and how we can make a potential 100x return investing in this project.
Sei is the first sector-specific Layer 1 blockchain, specialized for trading to give exchanges an unfair advantage. It enables mass adoption of digital assets by building the fastest Layer 1 blockchain, designed to scale with the industry to enhance speed, improve security, and be user-friendly.
Is Buying Sei Tokens a Good Investment
Yes, I believe that investing in SEI tokens is a good investment, although not without risk. As with any cryptocurrency investment, there is no guarantee of profits, and you should always do your own research and only invest what you can afford to lose.
Fundamentally, the SEI token has a lot of upsides potential, since it is the native currency of Sei Network, and it is used for various purposes, such as:
Paying for transaction fees on the network
Staking to secure the network and earn rewards
Participating in governance and decision-making
Accessing exclusive services and features on the network.
The Sei Network has also attracted some reputable and influential players in the crypto space, such as:
Binance Labs
Coinbase Ventures
Pantera Capital
Alameda Research, and
Multicoin Capital.
These smart investors and virtual capitals (VCs) are allocating funds to this hidden gem, which means they probably know something we don’t know. Therefore, I have added SEI to my crypto watchlist, and I suggest you do the same before it becomes too mainstream and expensive.
Manta Network: The Privacy Layer for Web3 Applications
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Manta Network is a modular ecosystem for web3 applications that offers a privacy layer for decentralized finance (DeFi). One of its components is Manta Pacific, which is a Layer 2 (L2) deployment that leverages Celestia, a modular data availability layer.
With Manta Network, users can build and deploy any Solidity-based decentralized applications and leverage its technology stack to deliver faster transaction speeds and lower gas costs than a Layer 1 (L1) blockchain.
Fundamental Analysis
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If this project follows the price-discovery pattern of Solana, it could reach a 50% market cap of what Solana achieved in the 2021 bull market (over $43 billion). That would translate to over 50x returns, putting the average price of MANTA at $170.
If it reaches a $77 billion market cap, which is not impossible in the crypto space, we could see the average price of MANTA above $300. So, you can see that we are still early on this project and its potential is huge. See the screenshot above.
But someone may argue by saying, I don’t see MANTA reaching such high figures. Well, I need you to remember that LINK and LTC, which are older and more established tokens, once had the billion-dollar market cap status when Solana and Avalanche were struggling under a $500 million cap in 2020.
However, before the peak of the 2021 bull market, both Solana and Avalanche surpassed LINK and LTC in terms of market cap and performance.
So, overtaking is allowed in the cryptocurrency market, and investors move funds to new and exciting projects with high potential rewards. Hence, we should follow their strategies for investing in Sei Network and Manta Network to maximize profits in this bull run.
Comparing SEI’s Market Cap to ETH in 2017
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In 2017, Ethereum had a market cap of $2 billion, with an average price of $10. Similarly, the Sei network currently has a market cap of less than $2 billion, at an average price of $0.65. Imagine the potential if this project reaches a $50 billion market cap before the end of this bull market. However, such gains require conviction in this project.
Sei is often touted as the “Solana killer,” and we can capitalize on this narrative. This isn’t about which blockchain has superior technology or use cases; it’s purely speculative. The goal is to identify the hidden gem altcoin that will yield the most significant gains in this bull run, and I am following the money trail.
Advantages of Investing in New Crypto Projects
Consider this: if you had invested $1000 in Litecoin in November 2021 and sold at its peak in May for $400, you could have turned $1,000 into $10,000.
Similarly, if you had invested $1000 in hot narrative tokens like Solana in November 2020 and sold at its peak for $250 in November 2021, you could have turned $1,000 into over $100,000.
This shows the profitability of investing in new tokens with a strong narrative and industry backing. Remember, crypto influencers promoted Solana in 2021, thereby attracting retail and institutional funds into the Solana ecosystem. Now, these same influencers and many more are touting SEI and MANTA as the hot narratives for 2024.
When Is the Best Time to Invest In SEI and MANTA?
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Examining the SEI-USD pair above, the market structure is bearish. I would recommend waiting for a pullback towards the EMA-100 on the daily timeframe (around $0.458), which could act as a support level before purchasing this token.
However, it could drop further if the selling pressure is high, or reverse from its current price if there’s bullish news in the market. So, invest carefully. Personally, I will rely on the information on my chart until I observe a bullish reversal in the market.
When Is the Best Time to Buy MANTA tokens?
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The MANTA-USD pair has limited data on the daily timeframe, so I will analyze the chart on the 4-hour and 1-hour timeframes. On both timeframes, the MANTA-USD pair is bearish and currently trading below the EMA 20. This market structure doesn’t look appealing, so I would wait for more data before investing in this project.
I would advise you to monitor the chart and wait for a pullback before heavily investing in these new projects. However, if you’re not concerned about technical analysis, you can invest in them using the DCA method.
You can either invest bi-weekly, monthly, or whenever you have resources, to accumulate more tokens. I hope this strategy proves successful for you and leads to financial freedom by the end of this bull market.
Final Thoughts
I have done my best to provide both fundamental and technical reasons why SEI and MANTA could be the game changes in this bull run. Now, the choice is yours to make. You can go all in on these projects or invest using the dollar-cost averaging method.
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