This post is an exploration of the seductive but dangerous idea of “Crypto30x”. We’ll discuss what it means for a cryptocurrency you own to go 30x and whether it’s actually feasible to make those kinds of gains in the crypto market. We will give you the tools to evaluate crypto projects against these kinds of growth possibilities.
We will also discuss some of top cryptocurrencies that you can consider investing in which might satisfy above properties until the end of 2024. So that you can remain energized in your crypto investment journey. However, the information contained in this article is strictly for informational purposes only and nothing contained herein is to be construed as financial or investment advice. As a reminder, due to the volatile nature of the cryptocurrencies. You are always encouraged not to invest in what you cannot afford to lose.
One investor’s crypto thesis and the 30x options headed their way
Have you heard the term “Crypto30x” somewhere? That would be like an investment that grows 30 times (Probably something absurd in the crypto world) Some investors are like Pavlov’s dogs when it comes to the concept and see if they could find that pot of gold. But, with great reward also come great risks so do keep that in mind.
The history of the cryptocurrency market is one of booming. Coins have also exploded to many times their original value, making early investors a lot of money. And this is part of why cryptocurrency is so tantalizing to the masses when compared to regular investments. The upside for the investor is huge on a relatively small investment.
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For instance, let us walk through you investing your $1,000 into a cryptocurrency that yields 30x. All of the sudden that $1,000 has turned into a massive $30,000! The whole crypto world is animated by this sort of viral growth.
But, there is a catch: Cryptocurrencies are also massively volatile. What makes you huge profits is also what can smash your gains into parts. The market is unpredictable and you could lose all of your investment.
Then I ask: Is Crypto 30x actually a feasible target?
It has happened to some coins in the past, gaining 30x and above on thier investments but whether it would happen for other cryptos in future is not certain. The most important thing when investing in crypto is to know what you are getting into and to tread carefully.
Can crypto really do 30x?
crypto can return 30x
Is it true that crypto can return 30x your capital? Absolutely. The story of decentralized currencies, most notably Bitcoin, began in 2009, and for the next several years, the price of cryptocurrencies was relatively low. We will investigate a couple of real examples:
Solana (SOL): Upend the day for Solana that soared from a paltry $1 by January 2021 all the way up to $200 by November 2021. That is an incredible 20,000% gain which is an illustration of how life-changing and world-changing some cryptos can be.
Cardano (ADA): A close second is Cardano. During that time it climbed from $0.18 to $2 and change, translating into an impressive 1,000% spike. The speed at which Cryptos appreciate, shows the value and the growth prospect that can be realised in the Cryptomarket.
These are only 2 of many well known examples. Avalanche (AVAX) gained 8.64% and Shiba Inu (SHIBA) added 36%. But it is important to note that the past is not an indicator of the future. The cryptocurrency market is a risky place by nature, and chasing 30x returns comes with risk. Investors should be wary before proceeding further, should research thoroughly with the risks involved.
Revealing 30x Crypto GEMS (for Smart Investors)
Highlighting the Cryptos To Keep an Eye On
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Indeed, the cryptocurrency market has close to 950 assets over $1 billion in size – but how do you discover the next breakout star? Use this guide to discover the potential 30x opportunities!
More: The Ones to Watch Beyond the Hype
Do your own research and stay away from all the “hot coins“, look for real world problems that have blockchain solutions in the pipelines. Instead, invest, but do so with a long-term lens and not chasing overinflated prices.
READ THE LATEST ON GROWTH MINDSET + TRENDS
Sophisticated investors follow the best crypto news outlets. Check out projects dealing with recent blockchain hiccups and technological upgrades.
Tech & Innovation – A Smart Way
You should not be influenced by catchy idioms. Get to grips with the tech stack − is it a secure and reliable approach? Feature strong development team and roadmap projects first.
Community Power ( a Leading Indicator)
A vibrant and engaged community is a good sign that something fruitful can come out of the project. Forums, social media channels, and discussions to help you understand community sentiment. Don’t forget, a passionate community leads to growth and adoption.
Manufacturing supply-side and demand-side use of token: Investing in the smartereum way
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Don’t fall prey to mere hype! Read up on a projects tokenomics i.e how are tokens distributed? Do they have any locks? What value does the token provide? This has a significant effect on long-term value.
Established or Early Stage: Risk Assessment
More established projects have been proven to have less volatility but also offer potentially lower returns. Early-stage ventures are a high reward but also high failure risk. Choose wisely!
An Acceptance of Volatility and a Different Method of Expectation Managment
Obviously, 30x is a pretty sizeable return but also keep in mind that the crypto market is a volatile landscape. The guide is designed to help you research and discover high quality cryptocurrency investments. Still, even with this being the case, doing an elaborate research is still a must before investing anything.
Investment Criterion For Projects
The secret to finding a good project is in the product or platform itself. But just to look is not a way to see You need to test the functionality of it properly. Here’s what to consider:
Does the Product: Address a High Pain Point or is it a Nice to Have
Performance: How fast, performant and user-friendly is the product? How well does it run?
Competition: What makes it better than existing solutions? What is its unique contribution?
For Projects in Early Stages
If a product isn’t available yet, find out the roadmap and development plans of the project. Following are few important queries:
Check: Waterfall, or Agile? Select a project within your tolerance for risk (Waterfall is very structured, Agile is more evolutional)
Achievable Based on Realistic Process: Can the development timeline be met with this process?
Team Experience: Does the team have the experience and capacity required to develop the product?
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Therefore, if you think about these subjects, you can point out which projects will be profitable.
Mission Plan: Vital Information For Success (Roadmap)
The jungle book of a project ever feel you are lost? For an analogy: a project roadmap is your GPS leading you from conceptual to end-game. It loops through development in defined stages with end goals and outputs. These are the equivalent of pit stops on your project hike!
But this map is not just of the here and now. Further, it provides an insight into future updates and post-launch support.
What is a roadmap and why it matters. It shows how your project has progressed which not only adds to credibility but also creates a sense of trust among the stakeholders – if you reach the next stage, that means people trust your capabilities. An inspiring team is one with clarity in strategy and resolve to see it through. This is particularly important for new projects, where a roadmap provides essential context.
Roadmaps help you plan better. You can determine a sensible launch date by defining development stages. This foresight gives stakeholders the ability to make more informed investment and resource allocation decisions. In that way, the roadmap The Roadmap is not just a list of things we are going to do; it is actually a recipe for Success!
Tokenomics:
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Simply put, tokenomics – a portmanteau of “token” and “economics” – are the economic dynamics of a cryptocurrency project. It goes into great detail about how the digital tokens of the project are distributed, allocated, and the way they are built to work in the ecosystem. This gives us a clear view on what bot and investor incentives are offered. Hence a good tokenomics motivates each half to contribute to the project and both in return the project to grow in long term.
The additonal context is broken down as follows:
Tokenomics means: “Token” ” + ” Economics” – this is how that term “tokenomics” is derived.
Dives deep into…Distribution, Allocation, and Designed-to-Function: This broadens the description to address overall analysis of these tokens.
Incentives, to attract and retain both investors and users: have been provided to investors and users as demonstrated in the following sub-head “Incentives offered to investors and users (?)”.
Project’s long-term growth and sustainability: This showcases the endgame of proper tokenomics.
Unmasking the Project Backbone Team, Backers, and Investors
The life blood of any project success is the team. Dating back to the team members themselves before we dive in. Look for:
Track Record: Strong evidence in tech, finance or blockchain.
Does the project have experience in crypto / blockchain? Have they had relevant successes in the space? How familiar are they with the technology underpinning it?
Online Presence Building Ability: Are they able to reach out and create a good name online?
If you are to invest in a project, don’t just look at the team, but also to the ones who are back and invest in that project. If a project can boast reputable venture capital with a history of successful blockchain investments, this is might be a good indicator of a projects potential. Research their:
Investment Priority 2: Area of Expertise (Is the VC focusing on things that line up with your project?)
History: What other blockchain projects they have funded and how did they do
Reputation: Do they have a reputation for having extensive due diligence and providing resources once a company is funded?
This also gives you very important information about how good the project can be and how good your team can deliver.
UI/UX
As we know user interface (UI) and user experience (UX) are both very important for any digital product, however it is mostly undervalued. A great UI indeed is more than just aesthetics. The platform is characterised by clear, simple layouts, comprehensible buttons and icons as well as coherent design across the board. It helps users navigate the platform and find what they are looking for quickly and easily.
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For UI, this image clarity needs to partner with a strong focus on the UX to keep the product behaving smoothly and quickly. This is why UI/UX design is more important than ever to attract and keep users – designed to serve their needs and provide benefits to users, to avoid frustration throughout user journey enable users to make use of features and solve problems – in today’s competitive digital landscape.
Media Presence
Having a Media Presence :
The creation of media presence includes proactively speaking to brands, publications, podcasts and other forms of media. By distributing strategic press releases, The website, guest appearances and posting high-quality, versionable Content. Proper execution in online presence builds brand awareness and helps showcase your project as a leader of thoughts in the sector
Part 5, Building A Community :
Similar to not trying to just grow your followers, to a certain extent, building your dedicated community around your project. This is how you build real relationships and connect with your readers From hosting live events or forums, and even creating a social media group where your audience can come together, you can receive their thoughts and ideas to enhance your service. Your project has an advocate in a cherished community, which propels exponential growth and loyal supporters.
Marketing campaigns :
Good marketing campaigns go beyond mere creation of content It requires a keen understanding of your target audience and what they want before they realize they need it. You can then create messaging and campaigns that target them accordingly. Map out a blend of paid advertising, influencers partnerships and organic content creation that will buy the right eyeballs and hit your project goal.
Revealing The Potential Of A Crypto Project: Beyond The Price Charts
Crypto Project
You have already done your research on the Team, Tech and Use case for a crypto project Now what? You should then move on to a price chart analysis. It shines a light on the health of a project, better day trading advice, and potential growth.
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However, a 30x return is not common and comes about something other than what one might expect on the price side. That’s where market cap (Market Cap) and fully diluted valuation (FDV) comes into place.
Finding the Market Cap For Your Project
Market Cap: It shows the position where current project is situated on and its respective scale. This is derived by multiplying the total amount of tokens in circulation with the price per token. This is often referred to as the projects total addressable market.
A (More) Appropriate Market Cap Analysis
When you compare the Market Cap of a project to others in its market, you can see how dominate it is or how much growth potential it may have. However, Market Cap is not the only indicator to consider.
Fully Diluted Valuation (FDV): FDV includes the value based on all the future joining of tokens or coins.
Thus, FDV considers all tokens unlocked (or even those to be released in the future). In other words, it shows you how big the market cap of a project can become if all tokens are releasedcirculating.
Why Market Cap and FDV together are a powerful combo
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Now, When you break down both metrics side by side you get a vivid image of how the project is currently trading in the market and what would be its expected future valuation if they acquire significant success. This is very important for high growth type projects (projecting 30x return can do that).
Smart Investment: A Different Perspective
These will provide you with key inputs to know more on the investment through price charts and Market Cap and FDV.
Fully diluted valuation of (FDV) cryptocurrencies
Market cap gives you the price of a cryptocurrency right now, whereas FDV goes one step further. Literally everything it could find that they consider a coin or token, giving you the broader picture as well.
Here’s what FDV includes:
Dev team tokens : The coins or token which is given to the devlopment team.
Investor tokens : Coins or tokens that were sold during the fund-raising process.
Future tokens : These are the coins or tokens that the tokens will be bought in the future to help with marketing, ecosystem development etc.
FDV basically represents the entire market cap if all of these tokens were to be realized. This forward-looking perspective can also help illuminate a potential risk for existing token holders: dilution.
Dilution occurs when an oversupply of new tokens enters the market, which can drive down the price of each token that already exists. This risk is even more magnified when a project has a large pile of unlocked tokens in reserve and low circulation.
So, why care about FDV?
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Investors should consider the two: market cap and FDV, to have a better view on the situation.
Size: What is the total token value of your project?
Circulating Supply: How many coins are in circulation?
Future price potential: How will future token releases affect the price?
Here’s the takeaway:
Therefore if a project looks good (meaning that it has the right metrics such as relatively high FDV) but yet low token price or they redistributed their tokens at the end of IEO while keeping rest to private investors, one can consider it as potential investment due to price growth coming in future and increase current activity.
Madison Kavanaugh unveils the crypto potential gems – Crypto30x for 2024 investor guide
Although it is hard to predict the future stars of cryptospace, this guide helps you to investigate new projects that may have potential for massive growth.
That 30x return by 2024 is no longer on the table – it never was. Yet, there are a few cryptocurrencies which hold characteristics rendering them poised to surge.
What separates these cryptos?
Groundbreaking concept: Ideas that go one notch above and beyond the innovation curve of the crypto space.
A: Top tier development teams: Talents developers are the lifeblood of a successful and secure crypto project.
Commonly used: Cryptocurrencies with real world uses can help encourage adoption and investment.
Active communities: A big, active user base is a sign of a live, strong and probably profitable coins.
Taking all of these into account, along with what the market is actually doing and what experts are saying, should make you well on your way to making sound investment decisions in an ever-changing crypto world.
Hashflow (HFT)
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Hashflow [HFT] an upcoming Decentralized Exchange (DEX) is carving a niche out of the stereotypical model adopted by several DEXs in the market. Instead of automated market makers (AMMs), Hashflow is based on a request-for-quote (RFQ) system – a trading methodology traditionally used in high-frequency trading (HFT) on centralized platforms.
This aims to link the traders and the professional market makers at the source, so that ideally they will receive better prices and have significantly less size dependent slippage than the typical AMM. Through an RFQ model, Hashflow is hoping to give retail traders greater control of their trades and so allows them to experience returns closer to those of professional HFT firms.
Algorithmic Liquidity AggregationThe platform has solved the issue of fragmented liquidity in decentralized finance by using an advanced liquidity aggregation algorithm. This algorithm works by scanning all kind of exchanges all the time, finding the leading liquidity pools with the best prices for each buy and sell order from the user. The algorithm routes orders intelligently across the increasingly fragmented market, with equilibrium determined by factors such as order book depth, bid-ask spreads, and exchange fees to ensure the best execution price overall. This not only saves time and money for users who would otherwise have to pore over different exchanges for themselves, but also guarantees that they have access to the best rates for their trades.
I have removed the speculative comment around the future value of the platform’s native token (HFT). This type of statement is extremely perilous and resembles financial advice.
TokenOfTheDay $HFT (not financial advice)
Liquidity Mining Program Wow! – Could This New Top Defi Token Be Game Changer? | HASHFLOW – M… OpenDEX offers a trustless trading of digital assets across different blockchain networks and user friendly swapping of assets on a fully decentralized exchange (DEX) platform created specifically for leading-edge trading.
What Sets Hashflow Apart
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Swap Anywhere: Exchange your digital assets in one click with our intuitive user experience and proprietary routing technologyn.
Interoperable with Crosschain: No More Walled-Garden of Blockchains Hashflow is a protocol that interconnects various networks, allowing trading of assets wherever they are located.
Zero Commissions: Ditch the expensive trading. fillStyle Hashflow has 0% commission, which is a big draw for traders looking for the lowest cost solution.
But that’s not all! In future, Hashflow is evolving to offer even more to enrich your trading experience. Stay tuned for more updates!
via KEYRING PRO (@KEYRING_PRO) 9 de octubre de 2023
Disclaimer: I have included a description of the features provided by Hashflow where Hashflow is positioned as the only product available on layer 2 that allows you to directly swap between different protocols without Fees. There is also a CTA to direct users to read more about Hashflow.
Casper Network (CSPR): A Secure and Scalable Blockchain Platform – Lambda School
Casper (CSPR), an acronym for your favorite non-villainous ghost, is the first platform built from scratch to address both scalability and security. While traditional blockchains struggle with exorbitant transaction fees and the possibility of a devastating 51% attack, Casper is capable of processing over a million transactions per second with minimal fees.
Casper has several significant advantages, but perhaps their most important one is the increase in efficiency thanks to their PoS (Proof-of-Stake) system (as opposed to many other previous blockchains that use a PoW – Proof of Work mechanism which is very energy intensive). In PoS, users lock their CSPR tokens to help in the validation process and securing the network, in return, they receive rewards. Not only this lowers energy consumption but also encourages users to hold CSPR and by that potentially increasing the value of it.
Casper has a great foundation and an end-user focused propositional, which could well see it appeal to both developers and users in high numbers. An expanding ecosystem driven by those who harness the CPx power of Mainnet may significantly increase the demand for CSPR, which will naturally be reflected in price.
DYDX, The Fastest Leveraged & Governed Crypto Exchange in the World
For fast and safe cryptocurrency trading? What is DYDX? DYDX – a novice and a professional exchange platform.
Crypto Exchange in the World
DYDX = what sets it apart:
Blazingly Fast Transactions: DYDX is known as the “Fastest Cryptocurrency Exchange in the World” guaranteeing frictionless and effective trades.
Safe and Transparent: We are a Decentralized Exchange (DEX) which means there is no intermediaries or central control to keep it safe, secure and transparent. Trade with up to 10x leverage using DYDX margin trading protocol. (Warning: This is for the experienced only traders that know risk management.)
Native DYDX Token use case: Hold DYDX tokens for governance to vote on proposals that influence the direction of the platform. With the growth of ecosystem DYDX, the potential will be much increase in value.
For quick and secured, profitable service for cryptographic trading consider DYDX.
Here’s a deeper dive into some of the details added:
Decentralized Exchange (DEX): DEXs are a new way of exchange to the traditional means and store user’s private keys to tokens on their own wallet. Smart contracts allow transactions to be conducted directly between parties without the need for a trusted third party.
Trading with Leverage in Cryptocurrencies: Margins are for trading with borrowed money from the exchange, it signals to you that you are borrowing from the exchange so that you can trade a much larger size. With 10x leverage, for example, a user can control a position that is 10 times their initial investment. This increases potential gains, but also the potential losses.
DYDX Token (Native Token): The DYDX token performs various functions in the DEX ecosystem. It gives its holders a vote on governance proposals which in turn influence the future of the platform. In addition, users can participate in liquidity pools or trade and earn DYDX tokens. The tokens value is as good as the success and adoption of the DYDX DEX.
Hedera Hashgraph: Faster, Cheaper Transactions for Business
Hedera Hashgraph (HBAR) Hedera Hashgraph (HBAR) is public network that plans to revolutionize how transactions are done with its high speed and low cost. Hedera uses a unique Hashgraph based consensus engine (not relaying on miners) as in traditional blockchains, to allow validate transactions faster thereby enabling microsecond finality. This means thousands of transactions per second, instant writing and negligible charges.
The Power of HBAR
HBAR is used to power Hedera. It is utilised to secure the said network through staking; becoming by far the most scarce and valuable staple in providing security as there is no incentive yield to otherwise gain this token purchase through. The economic value went on providing zero-sum security, paying transaction fees (gas), or participating in platform governance With Hedera being adopted in a number of sectors, from micropayments to decentralized applications (dApps) to the supply chain, the value of HBAR is anticipated to increase considerably.
Here is what sets Hedera Hashgraph apart:
High Throughput: Away thousands of transactions per second.
Cheaper: Transaction fees are much lower than traditional blockchains.
Superior Security: Backed by heavy Byzantine Fault Tolerance (BFT) for trustful validation.
Hedera Hashgraph gives insight into the future of how transactions can execute efficiently and securely, which could disrupt numerous industries.
Here are some additional details about Hedera:
Hashgraph Consensus Algorithm: Instead of the slow, energy-intensive proof-of-work blockchains used in traditional cryptocurrencies, Hedera uses the Hashgraph consensus algorithm, which is both fast and infinitely fair and secure. The gossip protocol it includes enables nodes to send information about transactions to each other through a network efficiently, providing the possibility to reach a consensus in a short time.
Hedera Hashgraph Scalability: Hedera was built to scale and can manage high transaction throughput, while still maintaining its speed and performance. It makes for good support for enterprise applications as they demand high throughput.
Security: As it is a public network, the coins are secured by a BYZANTINE FAULT TOLERANCE algorithm to make sure both currency and all other elements of it are safe from an attack. This way, the network can still work properly even if some nodes in the network are corrupted.
The Hedera network is governed by a Stabilizing Board of the Hyperledger Origin, consisting of a number of technology companies, and including IBM, LG Electronics, and Boeing. The purpose of this council is to make sure that the network grows and continues to be operated in a healthy, progressive, and honest fashion away – from the governance and economic issues that plague both proof-of-work and proof-of-stake models.
Conclusion
Cryptocurrency Market in which you invest and once you invest, you have a dream that, ok thiswill turn in 30x of ex-amount, pretty tempting yeah. Although the allure of high payout is a major selling point for these from the side of the hedges, it is important that people understand how risky these asset class are before investing in them.
The crypto market is renowned for its volatility, soaring to all-time highs on one day and falling sharply the next. This volatility is enough to shake the confidence of even the most experienced investors and results in a promising investment becoming a devastating loss.
Do Some Research Before Diving In Look beyond the current price and take a deep dive into the project’s tokenomics – the mechanics behind the token supply and distribution.
Study the community: A robust and engaged user base, even the non-investor-manager section, can be a good moment sign of some durability. Lastly, grasp the real-world use case & utility of the native coin. Does it solve a real problem or have a unique value proposition? Riding a shockwave of hype alone can lead to disappointment.
Only a very few dare to predict the market not to say 10 years and over so having a financial advisor who is also well versed in digital assets can serve as an advantage. This will help with helping you mitigate the risks and make better-informed investment decisions. Be aware cryptocurrencies are a new and evolving asset class so even with the best laid plans uses and value in the ecosystem may change. Warning: Always invest prudently and only what you can afford to potentially lose.
Disclaimer
This post is for information purposes only and not for financial advice. However, investing in cryptocurrency is very high-risk and confusing. Since the market is highly volatile, the price can oscillate quite drastically, and you may lose all your capital.
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Do your own research before making any investment decisions. This is going to require a deep and pervasive understanding of any particular cryptocurrency you might be betting on. How the technology works; and more so, the general market trends. Then, apply this information to your own financial position, attitude towards risk and investment objectives.
Engaging investment advice from a qualified financial advisor experienced with cryptocurrency also might be helpful. They can offer individual advice tailored to your situation and support you in developing a risk-based investing plan with you.
