Experts have named a number of promising digital coins that they believe have the potential to replicate the growth of ALICE and KARMA by thousands of percent
In recent months, several altcoins have risen in price tens and even hundreds of times at once. For example, Harmony is up 900% in a month, and Theta is up 1211% in 90 days. We will tell you what other cryptocurrencies have shown impressive dynamics, and which coins are worth paying attention to.
ALICE: 60,000% per minute
On March 15, the value of the ALICE token increased by 60,000% in just a minute. Cryptocurrency quotes rose from $ 0.1 to $ 60 immediately after its listing on the Binance exchange. Three hours after the start of trading, the value of the token dropped to $ 39. Today, March 25, according to Coingecko , the digital coin is trading at $ 12 (up 12,000%).
The My Neighbor Alice project is presented on the Binance Launchpool platform. Marketplace users can receive altcoin for storing BNB, BUSD and CHR tokens in a specific pool.
KARMA: 27,000% in two days
On March 17, the value of the KARMA cryptocurrency increased by 27 100%, reaching $ 0.03. The capitalization of the project increased to $ 58 million, while the daily altcoin trading volume was only $ 410. As of March 25, the token is trading at $ 0.025. The digital coin was created in 2018 on the EOS blockchain. Later in 2019, she switched to the WAX blockchain.
Assets with low liquidity can be artificially inflated using the Pump & Dump scheme. It was invented long before cryptocurrencies. In the stock market, cheap securities of small companies are usually used for this, they can be influenced by a small number of investors. However, there it is officially recognized as fraudulent and regulated by the state.
To convince users to buy a certain type of asset, fraudsters can use fake positive news and "insider" information, which most often has nothing to do with reality.
A similar situation was observed in January with the Incent token. The cryptocurrency has risen in price by 1.5 million percent and took the second line in the list of the largest digital coins in terms of capitalization. The price of the altcoin exceeded $ 3.5 thousand, and its market value reached $ 164 million. But the very next day its value fell to $ 0.01.
Harmony: 900% per month
Over the past month, the Harmony token quotes have grown by 900% from $ 0.02 to $ 0.2. The capitalization of the cryptocurrency has increased to $ 1.8 billion. In the rating of tokens by market capitalization, Harmony now occupies 55th place and is trading at $ 0.19 at 11:00 Moscow time.
Harmony is a project built for blockchain scalability. The platform is designed with optimization in mind and has high throughput and low transaction fees.
THETA: 1211% in three months
On March 24, the value of the THETA token reached $ 14.43, and the cryptocurrency capitalization – $ 13.11 billion. Over the past three months, the token quotes have grown by 1211%. This allowed it to climb to the ninth position in Coingecko 's ranking of the most capitalized digital currencies, leaving Litecoin and Chainlink behind. Today the token is trading at $ 11.87.
Theta Network is a video streaming project running on a decentralized network. Blockchain technology allows the project to cope with the high demand for bandwidth.
IOTA: 573% in three months
On March 23, the price of the IOTA token peaked since June 2018 at $ 1.75. Over the past three months, IOTA has risen in price by 573%. This comes amid the upcoming IOTA Chrysalis network update due out in April. At 11:00 Moscow time, the token is trading at $ 1.38.
The IOTA project was created in 2015 for the development of the Internet of Things (IoT). The developers managed to enter into partnership agreements with such giants as Microsoft, Samsung and Volkswagen.
What to look for now
The most promising in 2021 is the Reef token, says Nikita Soshnikov, director of the Alfacash cryptocurrency exchange service. In his opinion, the negative information environment around the recent conflict with Alameda Research will sooner or later fade into the background, but the range of tasks that Reef Finance (profitable farming based on Polkadot) is doing looks "really impressive", so in the medium term it is worth waiting for a further increase in the value of the token.
The main drivers of market growth are now the DeFi and NFT segments, says Nikita Zuborev, senior analyst at Bestchange.ru. He recommends observing two main groups in the near future: native blockchain tokens, on the basis of which there is the possibility of creating DeFi projects, and tokens of the DeFi projects themselves.
The first group, according to Zuborev, includes: Ethereum, Binance Smart Chain, Polkadot, Cardano, TRON, Chainlink, VeChain, Neo and others. The second group includes tokens of decentralized exchanges (Uniswap, 1inch), crypto-loan systems (Maker, Compound), games, betting / predictions, decentralized insurance and synthetic assets, the analyst notes.
“It is worth paying attention to new projects about which information is just emerging, but there are many risks and difficulties with their purchase. As a rule, such projects appear at first only on the DEX, and the price risks are similar to participation in the IPO of the least developed economies. But if the project survives to the listing of its token on one of the authoritative centralized exchanges, then the initial investors will expect multiple growth, ”Zuborev explained.
For less experienced investors, a senior analyst at Bestchange.ru advises another way to identify promising tokens – to track trends and planned updates in existing projects. Following this principle, you can pay attention to Augur, Synthetix, Curve and Aave, added Zuborev.