So, with even Bitcoin making an impressive 1,430% return since it’s 2020 low $4,000, a number of other majors have also made a move.
Recently, news hit the wires of a Shiba Inu Coin wallet holder’s asset value surging from an initial investment of $8,000 to more than $5bn in less than 1-year.
When considering crypto adoption and more widespread accessibility, returns of 10,000% and more remain a reality.
This is even more likely when considering how toppy the global equity markets are at present. With central banks making a shift on monetary policy, more seasoned investors will also look beyond the Dow.
With the crypto markets, there are likely to continue to be two camps.
On the one side, we have those looking for adoption. As we have seen with the likes of Bitcoin, Ethereum, Litecoin, and even Ripple’s XRP, it’s a long and slow process, however.
Movements across the majors have been more sentiment driven. Cryptos are not yet close to competing with the likes of Visa and fiat. The reality is, however, that even Visa has embraced blockchain. This all means that there is a future. Those that compared cryptos to tulips would have certainly rued passing up an investment opportunity that has delivered unprecedented wealth.
When looking at the cryptos that may draw investors in, price is a major factor.
Buying 100 Bitcoin to make a sizeable return is out of reach for many investors, with Bitcoin sitting at $60k plus. 100 Bitcoins would set you back more then $6 million.
Buying even a million coins of some of the low-value cryptos, however, is within the reach of many.
For instance, 2m Shiba Inu Coins would set an investor back $150. Now sitting as a top 10 crypto by market cap, it is a small price to pay for a coin that could reach half a cent or even a Dollar.
Other coins worth considering include Ripple’s XRP. Ranked 7th by market cap, the current concern is how the SEC can impact the platform and XRP in terms of value.
Should the case against Ripple go in favor of the remittance platform, a breakout is likely. Alongside that, a surge in adoption would also follow, supporting further upside.
When considering the ground made by some of the majors over 2020 and 2021, Ripple’s XRP is lagging behind.
Since 2020’s low $0.1165, Ripple’s XRP is up by 856%. To put it into perspective, Shiba Inu Coin surged by 831% in October alone.
Crypto.com Coin, Stellar’s Lumen, Tron’s TRX, VeChain, and Waves could also be big movers. They would need support of the larger cryptos by market cap, however.
If we look at the returns since the great rebound that kicked in back in early 2020:
VeChain has certainly impressed, surging by a whopping 7,400% since it’s March 2020 low.
Stellar’s Lumen (1,328%) and Tron’s TRX (1,424%) have also delivered.
Crypto.com Coin (+779%) and Waves (+390%) have trailed, however, as have many other crypto majors.
Arbitrage coupled with favorable market conditions would suggest than any one of the above could make up ground on VeChain.
A 10,000% return on a $1,000 investment is far too enticing to ignore. The only question would be when investors would cash out…
Investing what one is willing to lose on the hope of a windfall is a reasonable strategy. Those betting their shirts, however, may join those who got burnt in the meltdown of 2018.
To put it into perspective, Bitcoin had peaked at a high of just $19,891 before regulators hit the crypto world in 2018.
To become a crypto whale, folding is just not an option and cutting out the noise is a must.