4 Crypto Investment Opportunities to Earn 1000%
Finding crypto investment opportunities was a snap during a bull market, getting 1000% gain in coins or tokens was not a big deal.
However, things have changed drastically. Crypto investment opportunities have all but disappeared as prices have fallen and trading liquidity has dried up significantly. The crypto winter looks set to be longer and more painful than expected.
Amidst the darkness of the market, smart money flows into quality projects. In the universe of publicly traded crypto tokens and coins, there are plenty of crypto investment opportunities to make 1000% gains. Expectations must be realistic, and these gains are unlikely to come in days or weeks.
This column will discuss projects where investors can achieve 1000% gains with an investment horizon of three to five years.
Bitcoin (BTC-USD)
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The big one plunged in Bitcoin (BTC-USD) does not mean that the long-term bull market is over.
With limited supply and growing adoption, BTC is likely to make a big comeback. However, I expect some consolidation and timing correction before any major rally.
Cathie Wood still believes Bitcoin is poised to touch a million dollars by 2030.
Another data indicates that Bitcoin has increased by an average of 3,158% one year after each halving event. With the next halving in May 2024, there is reason for a meaningful attendance in the coming years.
It is also worth noting that Bitcoin is a blue chip in a portfolio of cryptocurrencies. While new coin returns could potentially be higher, it is Bitcoin that will lead the next rally.
Polygon (MATIC-USD)
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Polygon (MATIC USD) managed to raise $450 million from high-profile investors in February.
Funding during the crypto winter underlines the long-term promise of the project. The funding will be used to expand its Ethereum (ETH-USD) scaling solutions.
In Q2 2022, Polygon also indicated that it has taken market share in the gaming and NFT segment. Also, with a positive long-term outlook for decentralized finance, there is significant untapped potential associated with DeFi dApp at Polygon.
From a price action perspective, MATIC had reached highs of nearly $3 in December 2021. The current market cap to total value locked ratio of 0.86 indicates clear undervaluation. When sentiment turns, it will be relatively easy to retest previous highs.
Nervo’s network
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Nervo’s network (CKB-USD) is a hidden gem positioned for multiple returns. Over a five-year horizon, 1,000% returns could be a cake walk for CKB.
As an overview, Nervos Network is a proof-of-work based multi-layer network and smart contract platform. Although the price is still depressed, the project has witnessed a steady development. As an example, Nervos has launched its own EVM-compatible layer 2.
The ultimate vision of Nervos Network is to go beyond interoperability to a universal application. This will work across different blockchain ecosystems. The idea can be compared to a universal internet-like public network.
In terms of token utilities, CKB allows projects to store, execute and rent space on the Nervos Blockchain.
Shiba Inu (SHIB-USD)
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In the bull market, Shiba (SHIB-USD) was among the coins that went to the moon. The correction has been deep with a downside of almost 85% from highs. When market sentiment turns, SHIB is among the coins to hold for 1000% gains.
One reason to like SHIB among speculative coins is the great community support. Currently, the token has 1.2 million holders. Also, SHIB is in strong hands with top-100 holders owning 81.75% of the total supply.
Another reason to like Shiba is the fact that the project has worked on utility beyond SHIB being a meme coin. As an example, the team launched Shibaswap, which is a decentralized exchange.
With the bear market, the total value locked up in the stock market has fallen. But when sentiment turns, the decentralized exchange could be a potential upside catalyst.
At the date of publication, Faisal Humayun did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the author, subject to the InvestorPlace.com Publishing Guidelines.
