Buy new altcoin and earn 1000 times

Sometimes we all come of thoughts about how good it would be to buy bitcoin on the dollar and now sell 100,000 per coin.

Having invested in the first cryptocurrency in 2011 only 10 American dollars, now selling these 10 bitcoins could become a millionaire.

After such reasoning, I would like to try to find such an asset that can bring the same profit as bitcoin, even after a couple of decades.

Today we will try to figure out how realistic it is to make such a plan in the current realities and how much you can lose or earn in risky investments.

Buying new, still illiquid altcoins is quite popular among many investors. Moreover, every day in the news feed there are calls to invest in one or another token and earn millions on it.

Is it worth buying new altcoins?

More than 5,000 new cryptocurrencies are created daily, so the choice for investment is simply huge. True, not all of the new assets appear on exchanges, since the listing process is quite expensive.

By logic, in order to really earn you need to buy inexpensive altcoins, as they have great growth prospects.

It is unlikely that a coin with an initial price of $ 1,000 will quickly rise in price by 10 times, I already talk about a hundred times or thousand -class growth. the capitalization of cryptocurrency at the moment plays a large role

For example, take the same Dogecoin, which costs only $ 0.22, that it should grow 100 times and reach the price of $ 22?

But there is a huge number of coins (about 150 billion) and Dogecoin's capitalization is now in the turnover of 34 billion US dollars. That is, if the cryptocurrency will rise in price 100 times by its capitalization will be 3.4 trillion dollars and overtake bitcoin. And now this is the entire capitalization of the cryptocurrency market.

If you buy a new coin, then the probability of losing everything is much higher than earn millions, for example, in 2024, 46% of the released cryptocurrencies fell significantly in price or completely disappeared from the turnover.

In addition, a huge number of benches appeared that collect money and disappear without even going to crypto-foreigners.

Investments in little popular altcoins in practice

Three years ago, I invested more than $ 1,000 in new altcoins, which were not expensive and only that appeared on Binace.

Three years later, only half of the purchased tokens remained on the exchange, the rest was carried out divisting and they disappeared from the auction, the remaining 10 fell strongly in value. As a result, 60-70 remained from the invested $ 1,000.

If at that moment I bought bitcoin at $ 50,000 per coin, then the profit amounted to 100%, since the coin in three years has risen in price.

Therefore, if you do not own proven information that one or another altcoin will grow, it is better to buy more liquid and popular cryptocurrencies .

But still, the best option for earnings in cryptocurrency is a short -term or medium -term trading, thanks to which you can increase your deposit several times.

For example, now Ethereum and Solana are provided with a good opportunity for earnings, an optimistic forecast for Ethereum is $ 7,000 per coin, at the current cost of 2600, and SOLANA, according to experts, can grow to $ 500, at a current price of 180.

That is, there is still a unique opportunity to earn 2.5x on these popular cryptocurrencies. This is not 1000s or even 10x, but earnings are more guaranteed than when buying dubious altcoins. And to increase profits, you can always use the credit shoulder .

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