It’s Getting Harder To Find A Potential 100X These Days

If you invested in Ethereum in 2015 you could have been one of the luckiest people who got Ethereum at $30 Million Market cap and by now you should be at over 100X up in profit. Those people that invested in BNB in 2017 also got the chance of getting BNB at a lower price and watch the value sky rocket over time. Solana was another coin that was around $10 Million in market cap in 2020 before it became one of the top 10 coins in crypto by market cap. But recently it’s been so hard spotting a potential 100X because most coins getting listed now have already raised a lot of money from venture capitalists, so the chance of these coins listing at $10 Million or lesser is very low. One of the reasons is the airdrop trend, most coins are listing with an airdrop incentive to their community, some has been successful while some have not been successful.

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Airdrop was supposed to help people who have zero capital generate capital from crypto exchanging their time for money, but lately we have been seeing a lot of projects waste people’s time and not give them anything tangible, we have also seen projects making their community spend a lot of money testing their chain and then making them ineligible for airdrop. The community has focused more on spending money for airdrop that they forgot they could also invest in low cap coins and make more money.

Now that people are beginning to feel like airdrop projects are not worth it anymore and they are taking them for granted, I guess we can go back to searching for gems that are under $10 Million market cap with the hope that they would someday 100X and make us huge profit.

Posted Using InLeo Alpha