I missed the initial opportunity to invest in open source Bitcoin at the early stage of it.
And i guess you are also regretting why you didn’t invest in it then as well, but don’t worry, i noticed that opportunity can come more than once in the cryptocurrency world.
You just need to be informed before time on how to find the the next big cryptocurrency investment like Bitcoin, so you can get to be among the next billionaires in the world – that’s why i have decided to put this guide together for you.
Bitcoin being the largest cryptocurrency with highest performance in the CoinMarketCap, investors that had foresight managed to buy and HODL onto it, which finally turned out to become huge investment that made many of them billionaires right now.
Due to the massive spike in bitcoin price value, many of the top cryptocurrencies was also introduced into the market, and investors have also seem to deem the crypto market as the best way to make wealth.
If you are lucky enough, you could find a gold mine of huge potential coins that may turn out into a huge value in nearest future.
So, without much ado, can we get started with the processes to find the next big gem?
The next big cryptocurrency
Everybody is seriously looking for the next big investment like Bitcoin that will perform similarly in price spike valuation, but the major question most people ask right now is;
“What is the next cryptocurrency investment that has potential to perform big in price valuation spike again?”
If you are among the people asking this kind of question, maybe you should read further, as am going to show you how you can find out the next gem that can become the next big superstar crypto coin in the market cap.
1. Cryptocurrency price
Making good ROI (Return On Investment), you need to invest in some of the cheap penny cryptocurrencies that are still in their infancy stages.
A prime example of this is the likes of RubleBit that increased 522% over 7 days along with Cyder which saw an increase of 7,412%.
In that way, you could make huge return on the profit line if any of them increases in value, but aside investing in cheap crypto coins.
There are still other crypto-coins you can invest in with the rest of mind that it will give you some good returns too.
Let me tell you one secret to making money with these altcoins, investing in cheap cryptocurrencies is one of the best strategy, but if you are that low on budget anyways.
However, if you’re going to use this tactic, I will advice that you diversify your investment risk, by investing in many cryptocurrencies that has the potential to grow in worth over time.
Don’t put all your eggs in one basket, as some of these cryptocurrencies may fall or even get delisted from exchanges that you got them from, so you will also need to always keep yourself updated with the crypto news blogs.
2. Real-world adoption
If you have not noticed yet, almost every cryptocurrency in the market has a gap (or solution to problem) it is dedicated to bridge.
Just like Ripple (XRP) coin that is launch to remove the financial institution protocols during transactions – it is intended to make transaction speed very fast, and also get adopted as valued asset.
In other words, do a thorough research on those crypto coins you will like to invest and see which of them that will eventually be adopted as mode of payment by companies.
Initial coin offerings are mostly in this category, because you need to review their whitepaper to confirm that they have the ability to solve some real-world problems.
Cryptocurrency adaptation as currency is always part of the huge factors that helps to shot the value of a particular crypto project very high in the Coin Market Capitalization.
3. Volume and circulation
One factor you need to pay close attention to is the maximum supply level.
You want to try instead to go for coins that are highly circulated supply as they have a better chance to go up in price if demand increases due to a limited supply.
Up-to-date information about cryptocurrency trading is easily available online, and digital currencies with increasing price and volume of trades are likely to be those that have momentum going forward.
Of course, there is no guarantee that this momentum will maintain, but it is nonetheless a useful way of seeing which digital currencies have the most investor interest for the time being.
4. Coin popularity
One of the biggest driving factors of new cryptocurrencies is the amount of buzz it creates.
One of the best places to find out this is by visiting the Bitcoin Reddit group, or one of the many other cryptocurrency social media groups like Twitter (mostly).
See which ones everyone is talking about and use it to help guide you to the ones you should investigate further before buying.
The higher popularity a cryptocurrency coin has, the better it might perform in value due to high demand as well.
5. Exchange availability
To invest in cryptocurrency, you also need to make sure that your desired cryptocurrency project is available on any of the best, and known crypto exchange platforms.
Most cryptocurrencies, due to their none adoption and popularity in the market, Peer-to-Peer platforms like LocalBitcoins don’t always have such coins as they are not yet adopted as base crypto coins that can be used for payments.
At Binance exchange website, you can trade almost every cryptocurrency on the platform using Binance Coin (BNB) to reduce the transaction fees.
CoinSwitch on the other hand, is an aggregator platform that brings together almost most of the popular cryptocurrency exchange platforms to one place for you.
This is also very good if you want to do cryptocurrency arbitrage trading, as you can simply crypto coins with credit card.
6. Blockchain technology
Sometime ago in 2017, Bitcoin halving (mostly known as forking) occurred, which brought Bitcoin Cash (BCH) coin into the market.
Many people that already had BTC (as proof of stake) in their cryptocurrency wallet were rewarded with BCH for keeping the crypto till the forking period.
You can be among the next few millionaires in few months, or years to come from now, but you must always have all these tactics in mind to succeed in the cryptocurrency market to make money.
Have it in mind also that investing in cryptocurrency is risky, but despite all the confusion at the initial stage of learning how to put money into crypto market, you can still set up your family for life with it.
Try to always research thoroughly on any target cryptocurrency before buying it to hold for a long time, because all cryptocurrency are not the same.
If you would like me to suggest some cryptocurrencies to invest in this year, checkout the best cryptocurrencies you can buy for long-term investment.