10x-100x Altcoins: Where to Find Them
Finding the Sweet Spot for Locating +100x Cryptocurrencies
Hidden within the ~1,500 cryptocurrencies are ones that will increase in price +1,000x over the next 6 to 12 months.
Looking for the Unicorn
For our purposes, a unicorn is a coin that will +1,000x in the next 6–12 months. I guess in the virtual world, unicorns do exist:
It happened in 2017:
- Ripple (XRP) + 34,590%
- Stellar (XLM) + 33,630%
- NEM (XEM) + 25,427%
- BitShares (BTS) + 15,879%
It’s happening in 2018.
The question is — Are you able to find the next Unicorn?
Is it Gambling or an Investment?
First off, I just want to cover an important point. If there is no strategy, no process or methodology when you buy cryptocurrency — it’s simply gambling.
Cryptocurrency investing can be an enjoyable and rewarding strategic game that has many dimensions for the investor to consider. There are the psychological elements (FOMO, FUD), there are the technical elements (blockchain implementation) and also the business elements of identifying a viable and disruptive business model.
If you would like to treat cryptocurrency as an investor, you need a strategy and an approach.
Here is one such approach I offer to my readers:
The Unicorn won’t be here…
Firstly, using logic as our guide lets begin with figuring where we know the Unicorn won’t be and work backwards from there.
We know that nestled within the ~1,500 different cryptocurrencies a few Unicorns are lurking and we have a good idea where they aren’t.
Top 100 Cryptocurrencies
Cryptocurrencies that have made the prestigious rank of the top 100 cryptocurrencies by market capitalization will not be the next 1,000x altcoin.
They have already made the top of the ranks, so it’s likely they have already made their 100x — 1,000x gain. Considering that 1,000x gains are generally a Once in a Lifetime event — it’s likely it won’t happen again for that coin.
In this approach we are going to exclude not just the top 100 cryptocurrencies by market capitalization, but the top 1/3 of all coins by market capitalization.
Sure there are likely going to be coins within this 1/3 segment which will do very well — but in all probability it’s not going to be where we find the Unicorn (or at best it’s a late stage Unicorn).
Exclude the Bottom 1/3 of all Cryptocurrencies
We are also going to exclude the bottom 1/3 of all cryptocurrencies by market capitalization.
Of course there will likely be many potential Unicorns in this list and someday they will go on to make 100x — 1,000x returns.
We don’t want someday. We are looking for within the next 6–12 months.
So far we have deduced the next +100x altcoin will be found between within the middle 1/3 of all cryptocurrencies.
A more accurately, it’s likely the unicorn will be found within the first half of the middle 1/3 of all altcoins (by market capitalization).
It’s this sweet spot that gives the coin the most opportunity for upward growth into 100x — 1000x as well as has enough market capitalization and momentum for appreciable gains.
What Does the Unicorn Look like?
Now that we have an idea where Unicorns will likely be found, we need to know a little bit more about what it looks like.
For a cryptocurrency to make 100x-1,000x gains, it needs to have a lot working on it’s side. Coins and Tokens that jump 1000x don’t happen without good reason.
To make the +100x gains, the coin needs to have at minimum these characteristics:
- Needs to be well Funded (either by private investors or funded by large ICO). This will help ensure continued development on the project.
- Stellar Team: Management, developers and marketing department. This is a business at the end of the day and it needs the proper leadership and technical skills to make it a success.
- Large Community — The community is an absolute requirement for growth and forms a large part of it’s (initial) users.
- Viable Business Model: Does this cryptocurrency have the potential to disrupt an entire industry at a worldwide scale?
If you’ve answered “yes” to all the above, you may have come across a unicorn.
You know You’ve Found it When…
If you’ve found the cryptocurrency which fulfills the above and is only listed on one or a few small exchanges.
This means you have the timing right.
History has shown quite reliably that almost every time a cryptocurrency is listed on a new (larger) exchange the price goes up 2x — 5x. You want to get in before it’s listed on the major exchanges.
If the coin also had a pre-ico that includes well known private investors, you also know these investors have done their own due diligence and vetting the project on your behalf. It’s OK to follow in the shadow of the whales.
Do Your Own Research
I am a big advocate on doing your own research. Sure, compare notes consider other’s opinions. Most importantly, develop the skills necessary for critical analysis — It’s a wonderfully rewarding life skill that helps in all aspects of life.
If you are interested in reading more about the strategies I use to identify undervalued altcoins (in about 30 minutes of research a day), let me know in the comments below.
I’d be happy to share with you all the strategies I use to find undervalued altcoins. Besides, it can be a lot of fun and highly rewarding.