Unknown Heroes: Little Coins That Generate Big Profit
Unknown Heroes: Little Coins That Generate Big Profit
Following a long-term bearish trend on altcoins this autumn, the cryptocurrency market was surging at the end of the last year. Altcoins as Ripple (XRP), Stellar (XLM), Verge (XVG), Cardano (ADA) skyrocketed in the course of two to three week. Many others grew in price by five to ten times with the record-setters, such as Tron (TRX) and Verge - by 20 to 30 times respectively.
Many altcoins proved to be stabilizing. Major players such as Ethereum (ETH) increased immensely with a huge capitalization. It should be noted that the increase in prices has been growing alongside a relatively stable BTC price, which means that all the generated profits were nominated not only in US dollars but also in BTC.
By investing a minimum of one BTC in XVG at the price of 50 Satoshi in early December, an investor could sell it at the price of 1,500 Satoshis with a 30-time return on investment within just two weeks. To make a good investment in these coins, one simply needed to register at three major cryptocurrency exchanges, such as Bitfinex, Bittrex, Binance. There you can also monitor listings of new coins that could generate substantial profit as demand for them grows in the long run.
Unknown heroes
Another area on the market that is less known, but no less potentially profitable, is emerging crypto assets that are not yet listed on major exchanges. And this is not surprising, as being listed on a major exchange is rather time and effort-consuming for any startup project. Hundreds of applications are received by markets every day, but cannot be accepted immediately, as new coin undergoes a check of its technical specs of a new coin and its real demand on the market.
Each new coin that is to be listed would either draw back the liquidity from other traded pairs or become a dead-weight and delude the traders damaging the exchange’s reputation at the same time. Several instances of this can be observed at the hitBTC listed pairs overview.
That is why a great number of really valuable up-and-coming crypto assets with good chances for growth are starting at minor exchanges, where the conditions to be listed are less strict. Here these coins are making the first sparkles and then increase in price several times more once they get to a big exchange, like Bittrex. These are assets that if managed correctly from the start could make an investor very rich.
Little five
Let’s look into five new assets that, if invested in December 2017, would have generated an amazing profit for the investor and could maybe generate even more in the near future.
Only assets with the trade volumes no less than $1 mln were taken into consideration. All the “shit coins” that are growing at pump and dump schemes were filtered. Assets that are traded at major exchanges such as Bitfinex, Bittrex, Poloniex, Binance were not taken into consideration either.
All mentioned crypto assets (or “coins”) have been selected by the following criteria:
Technology and demand from crypto or other industry (=likelihood of high future demand)
Trading on a small exchange (=low price may result in few people having access to trading these assets. Thus, demand is low at the moment, but could significantly increase after releasing partnership and listing at major exchange)
Low initial price (=probable undervaluation, taking into account previous criteria)
By: Mendylisa