Crypto Season: 10 Coins to immediately watch (not named Bitcoin or Ethereum)!!!
The gates have opened and the horses are starting to run! Every day we are seeing crypto projects fly 20, 30, 50, 100%. It’s too easy sticking to the top king and queen of crypto. At this point, owning Bitcoin and Ethereum should be a no-brainer. Let’s discuss growth! Money is flowing into the crypto space and I’m ready to get some of it. Here are my picks for projects that may fly as Bitcoin reaches new heights.
“I remember when DOT was $11 and Link was $14. Why didn’t I buy more back then?” After all, it was only 1 month ago in July. “But, Guggenheim said that Bitcoin would retrace to 15K? JPMorgan said that it was going to $25K. Fidelity said that the GBTC lockup release would devastate prices. What happened?” These thoughts are probably running around in a lot of investor's heads now that Bitcoin has surged 50% over the past month.
While Bitcoin and Ethereum are easily the safest investment in crypto today, if we want to see real explosive growth, we may want to move further down the charts to more speculative picks. This is not financial advice and I am not a financial advisor. I do invest and follow the crypto markets closely and have some opinions that I will share in this article. So, let’s get started!
Coin 1: Polkadot (DOT)
Polkadot got punished when the markets turned in May. After rallying to nearly $50 it lost nearly 80% of its value. Now it is gaining steam and buyers are beginning to step up.
Why watch Dot?
Parachain auctions. Hype and marketing make investors FOMO into projects. Kusama just launched its first parachain auction and 500,000 Kusama have were locked until May 2022. This is a tokenomic wet dream removing 5.5% of the KSM circulating supply. DOT’s parachains will be bigger, more hyped, and could pour rocket fuel on this badly beaten down gem.
Coin 2: Cardano (ADA)
Cardano just overtook BNB as the number 3 ranked cryptocurrency. It’s only $2.12 per coin. Considering that crypto investors often look at token price and not market cap, Cardano is something that the masses are scooping up.
Why watch ADA?