One humbling thing about the future is that no one can predict it with certainty. For instance, back in 2013, no one would have predicted that at some point, Bitcoin (BTC) would trade at over $60k. The idea itself seemed stupid and laughable at the time.
More recently, no one would have imagined that a new dog-meme token called Shiba Inu (SHIB) would gain by close to 60,000,000% in a little over a year. These are just examples that show you that you cannot accurately predict which coin will turn $1 into $10,000 over the years.
Obsessing about finding a specific coin that can give you 10,000x can lead you to scams. There are tons of scammers’ online promoting scams as the next 10,000X cryptocurrencies. Scam coins look pretty convincing and attractive, too, so you can fall for them if you are greedy.
That said, with the right approach, you can increase your odds of buying a cryptocurrency that can give 10,000X returns in the coming years. The idea is to have a methodology for choosing potential cryptocurrency winners instead of throwing money around gambling on the next big thing.
Let’s now go through an approach you can use and significantly increase your odds of striking gold with a 10,000X crypto.
Follow The Trends
If you follow crypto-related news, you will find that noticeable trends emerge over time. For instance, in January 2017, momentum was building up around Ethereum as new ERC projects sprung up at an accelerated rate.
By April 2017, it had turned into a full-blown hype. By following these trends and throwing some cash at a couple of ICO projects, you were bound to buy one that did 10,000X by January 2018.
Similarly, around May 2020, the hype started building up around Dogecoin, thanks to Elon Musk. As the value of Dogecoin rose, more meme coins started to spring up and gain momentum. By December 2020, most people, even those outside of crypto, had heard the phrase meme coin. If you had invested in any of the random meme coins that came up in the latter part of 2020, the chances are that you would have bought one that would later do 10,000X.
The idea here is to have your ears on the ground to determine where the wave is going. Right now, there is a lot of hype around the Metaverse and play-to-earn gaming. This means if you get into one of the upcoming Metaverse cryptocurrencies early, the chances are that you could find one with 10,000X potential.
Check Out: What Are The Next Cryptocurrencies To Explode In 2022?
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Get In At The Bottom
Identifying an emerging wave is only the first step. For potential 10,000X returns, you need to get in early before the hype builds up. If possible, the best way to get in is to buy at launch.
There are multiple ways to get in at launch in hot projects. One of the easier ones is to use CoinMarketCap to get information on the latest cryptocurrency launches. The second one is to check out decentralized launch platforms to find new projects coming into the market. For instance, the Copper Fair Launch is a pretty good decentralized platform for getting into new Ethereum projects at launch.
However, while getting in at launch is a good strategy, remember that this is where most people get scammed. Launching a token is pretty easy these days because apps help out with the process. Scammers have been exploiting this to launch shady tokens that look pretty convincing.
Therefore, you need to do as much research as possible before buying a new token at launch. To be on the safe side, let your urge to protect capital be much stronger than the desire for 10,000x returns.
Be Patient
If you want 10,000x returns and have followed the above steps, now you need to be patient. Sometimes you can get lucky and strike 10,000x returns in months. For instance, anyone who bought more than $100 of SHIB in 2020 is now a millionaire. It took less than a year for SHIB to mint millionaires.
On the other hand, anyone who bought Dogecoin back in the early 2010s probably even forgot about it until 2020. They, too, made a fortune close to a decade later.
The bottom line is that you need to have an element of patience when looking for such big returns.
Top Cryptocurrency Picks With 10,000x Potential
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Baby Doge Coin (BabyDoge) – A meme coin
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Society for Galactic Exploration (SGE) – Space-focused NFT platform
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Metaverse Face (MEFA) – New Metaverse project
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Lucid Lands (LLG) – New 3D Metaverse project
These are just a few of the latest high-potential projects to enter trending aspects of the crypto market. Do your research before investing in these or any other cryptocurrencies.
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Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
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