What "Type" Of Cryptocurrencies Could Hit 5000$ - 10,000$ Mark!?

[Reid Grift]

Greetings Netizens and Fellow Crypto-Traders !


  I Have Started this thread in hopes of Getting my Hands on a Cryptocurrency before it goes "Boooom".

  What features are required?
  How much supply?
  Cost ?
  Demand?
  and more...


  Ok let's get Started.

  Cryptocurrencies are volatile. (Obviously)

  So...like i said i want to be an early bird. So lets talk about Cryptocurrencies Which Have just been Listed on Coingecko.com and Coinmarketcap.com.

  Sometimes Investing Pocket-change (10$) early can Make you (1000$) Richer.

  Firstly, New Crypto's are pretty risky to invest in. So you need to do Proper research on them.

  1) Go to Coingecko or Coinmarketcap and Cryptocurrencies-> Recently added (or just google search "coingecko recently added".

  2)ALWAYS check the 24 hrs Volume. It Should be More. (just filter it by ascending to descending) the volume should be 1,000,000$ +
  ( 24 hour volume is basically how much money is being circulated and most cryptocurrencies are gonna have "?" as market cap don't worry as they have just been listed. no      market cap)

  3) Price should be considerable. I Mean...it should not cost you a fortune.

  4)SUPPLY! It Should be less. (when the demand rises ,the Price will increase rapidly).

  5)Check the cryptocurrencies Websites and join their Discords,Telegram, Twitter and Keep yourself Up-to-Date.

  6) They Should have plans to be on BIG exchanges like Binance and more.

  Why you should consider the above steps?

  If a cryptocurrency is just Launched and it has a Few Million dollars in circulation. Then it means you have people who are interested.

  Less volume = More chance of increase in price with just a Minor demand.


    
filecoin (FIL)
Filecoin
FIL
   $24.74    $93,111,035    $496,591,370    9 days 

Circulating Supply
20,034,767 / 20,034,536

      
injective protocol (INJ)
Injective Protocol
INJ
   $1.18    $33,393,774    $15,860,663    3 days
Circulating Supply
13,343,281 / 100,000,000

      
      
pria (PRIA)
PRIA
PRIA
   $57.71       $2,299,373    1 day
Circulating Supply
? / 88,273

      

      
yrise finance (YRISE)
yRise Finance
YRISE
   $25.49       $1,077,458    5 days
Circulating Supply
9000 / 30,000



ramp (RAMP)
RAMP
RAMP
   $0.01644604    $1,040,859    $1,696,501    3 days
Circulating Supply
103,625,200 / 1,000,000,000

      
apiary fund coin (AFC)
Apiary Fund Coin
AFC
   $1.03    $968,124       3 days
Circulating Supply
? / 200,000,000



  All this Data is taken from Coingecko.com on 24/10/2020. (feel free to recheck)

  filcoin obviously blew up,Ranked somewhere in 100's.

  The Two bold cryptos PRIA and Yrise.
  Are the Cryptos which fill in my Bracket.

PRIA was launched yesterday and has a 24 hr vol hitting 2 million$.
Yrise was Launched 4 days back with a 24 hrs vol of 1.1 million $.

PRIA is up by 24% (may vary when you see)
Yrise is up by 30%. (may vary when you see)

Yrise has been audited and Checked by Youtubers and claimed to be legit.
Yrise was just listed on Hotbit, Bilaxy, Uniswap and Fatbtc.

(As Yrise is 4 days old I had more time to research on that Compared to PRIA)


It has Less Supply just (9000/30,000) and it just completed its staking. UNI-crypt verified .


So. I think Yrise has more Potential and Promise compared to the rest currently launched.


(This is not a promotion just my hypothesis)

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[hongchao123]

Defi hype shown that any hyped project can hit 10k mark but not for long

[luckyflop]

This market has proved it could be very unpredictable, Almost no one could guess YFI would pass 30k when it was only 80$, That is why I avoid looking for a long term because every day some new opportunity may just show up that gather the money in the market to itself like a magnet, The new big project seems to be in top 20 in CMC is The Graph, yesterday it finished its successful ICO and people are waiting to see the mainnet launch and see if they can follow their roadmap as it is.

[20kevin20]

 1) Go to Coingecko or Coinmarketcap and Cryptocurrencies-> Recently added (or just google search "coingecko recently added".
  2)ALWAYS check the 24 hrs Volume. It Should be More. (just filter it by ascending to descending) the volume should be 1,000,000$ +
  ( 24 hour volume is basically how much money is being circulated and most cryptocurrencies are gonna have "?" as market cap don't worry as they have just been listed. no      market cap)
  3) Price should be considerable. I Mean...it should not cost you a fortune.
  4)SUPPLY! It Should be less. (when the demand rises ,the Price will increase rapidly).
  5)Check the cryptocurrencies Websites and join their Discords,Telegram, Twitter and Keep yourself Up-to-Date.
  6) They Should have plans to be on BIG exchanges like Binance and more.

I wouldn't call this research. Big, big flaws in almost all of those steps you have provided.

Recently added coins do not make for coins that are going to be great. In fact, most of these coins are just scams or clones of other tokens/coins. The volume doesn't necessarily mean something significant either. Considering the currencies have only recently been added, I have to assume they're quite new in the crypto sphere. Hence, high volume could easily mean a lot of people are selling. It doesn't mean it's a bullish coin.

Regarding the price, a higher one doesn't mean the coin is too expensive and a lower one doesn't mean it's cheap. DOGE is very, very cheap yet it has an insanely high supply. You don't seem to take that into account, according to your steps. Supply could be as high or low as it can be. As long as there's demand for the said coin, it'll rise no matter if it has a trillion units in circulation or just a million.

Step no. 5 is one I finally agree with. Keep yourself up to date as some updates and news are sometimes critical. The more you know, the better. But the last step is a big mistake. Wishing for a big exchange to list your coin isn't something I'd want to see in a coin's roadmap. Trust me, if a coin has a future, it will succeed with or without Binance.

Yrise has been audited and Checked by Youtubers and claimed to be legit.

Take this with a HUGE pile of salt. A sh*t ton of YouTubers are paid big money to praise coins and tell their followers the said coin is legit. Don't take their words for granted. Having a large mass of followers doesn't mean they'll never lie to you to their own benefit.

The research you do yourself is the best one. Don't let others tell you what to think & believe - find out yourself whether you should invest in something or not and learn from your own mistakes. Practice makes perfect.

[Lantind]

Defi hype shown that any hyped project can hit 10k mark but not for long

True, the DeFi hype will not last long, especially if it is actually used by some of the scammers in crypto, so it is likely that DeFi will also sink by itself when the enthusiasts have started to wane.

[meanwords]

Defi hype shown that any hyped project can hit 10k mark but not for long

True, the DeFi hype will not last long, especially if it is actually used by some of the scammers in crypto, so it is likely that DeFi will also sink by itself when the enthusiasts have started to wane.

In my opinion, the DeFi market is already waning because of too much saturation. It's only a matter of time before people moved on to another project. We don't know what will that be yet though but it's inevitable that a new innovation would be made in the future.

[kentrolla]

My answer is none except the king of crypto currency, it's pretty hard to expect such a huge price in real quick time is not going to happen even in dreams.

The price is purely depends on the demand and supply of a coin which means buy/sell, also popularity plays an important role for a coin to expect a huge surge. There are possibilities in the next decade hopefully.

[CuriousGeorge]

I think that you are shilling for Yrise, how is this a sense thing when you were saying that yrise has already audited by a youtuber that we didn't even know how good this guy and his creadibility to audit the smartcontract? If the contract has audited by the consensys or another credible party and that's fine but what you have mentioned above totally non sense thing for the yrise developer to take the youtuber as a party to audit the contract. What a joke 

[20kevin20]

Thank you for your insight.
You make Valid points. This was just my personal research and what i noticed.

No worries. Glad you posted your question on the forum.

Doing your own research is the best thing you can do, but this basic information (supply, price, mcap etc) isn't enough to find out if a cryptocurrency is insanely undervalued.

Most of the times, coins seem to pump out of nowhere but actually pump due to very positive news, such as huge development progress towards the team's goals. The thing is, it's hard to predict which coins continue to be developed towards their initial goal because for most, their development stops at one point in the future.

Some luck is necessary as well imo - for some, it's the only hope. Who could've predicted that if you bought $100 worth of ETH on the 21st of October 2015, you would've had $100k today?

[mianvicky1]

defi projects can hit 10k or even more in upcoming period .
time decide which project is good in defi because their is a hype of defi so
we can see many projects but witch one is legit cant say anything right now .

[Rodeo02]

I think that you are shilling for Yrise, how is this a sense thing when you were saying that yrise has already audited by a youtuber that we didn't even know how good this guy and his creadibility to audit the smartcontract? If the contract has audited by the consensys or another credible party and that's fine but what you have mentioned above totally non sense thing for the yrise developer to take the youtuber as a party to audit the contract. What a joke 

Maybe he's the owner of that project thats why he is shilling it here to sell these tokens to the investors easy-to-believe in any promises.

And another note for youtube blogger that he mention that one can also be paid advertisement so do not believe in every video you are watching most of them is just paid to make that service and earn.

2and 4 days after the launch of that defi tokens and now you are shilling it here with a large percentage of price increase .

[Sendi blackspade team]

It's just the formula marketcap = circulating supply x price. So don't just look at the price of a coin, because the circulating supply determines its price. Some farming tokens only have a supply of around 30,000, so it can hits the price of 5k to 10k $ like YFI.

you are right, the offer does play an important role in price regulation that occurs in the market. if they have only a small supply, of course, it becomes expensive as the demand becomes higher. therefore, some platforms also sometimes burn some of their token supply to become the value of the token.

[covfefe_]

It's right that the prices of a coin can rise sharply on a good demand if the supply is low but there is also a limit people would be willing to spend their money on some coin. If low cap coins on every whale movements rise like crazy, whales would stop trading coins and create low cap coins everyday.
The thing that gives coins their price is trust. Bitcoin is there because it's trusted by most. Even though ETH has a huge supply in comparison, it's still above $400 because people trust on it.

[Kang TB]

It's right that the prices of a coin can rise sharply on a good demand if the supply is low but there is also a limit people would be willing to spend their money on some coin. If low cap coins on every whale movements rise like crazy, whales would stop trading coins and create low cap coins everyday.
The thing that gives coins their price is trust. Bitcoin is there because it's trusted by most. Even though ETH has a huge supply in comparison, it's still above $400 because people trust on it.

but low supply will create a huge demands if the project seriously developed by the team my friend
thats mean, the team is the main key from any altcoins project
also don't forget about community or supporters, because bitcoin and ethereum have strong communities right ?
in my opinion low supply with serious team but without strong communities will be nothing

[livingfree]

Except bitcoin, we've seen a bunch of defi projects that reached $5000. Most of them took the technique of having a low supply but didn't stayed at the top for a long time.

But the next legit altcoin that can probably hit $5000 soon is Ethereum. It has reached $1400 or I'm just also overhyped because of the bull run that shall come anytime soon for alts.

[Vaskiy]

You could see lot many coins growing 1000% and more in a day. If you look for the volume of those coins it'll be less than $1000. Here you've connected everything along with the market circulation and the volume which is fair, but the long standing growth is must. We can't expect this to happen with every project other than limited number of top listed coins. We can't state the growth as hype always, but being cautious to profit at the right moment is good.

[Danslip]

Almost unpredictable and hard to detect the exact coin which will skyrocket in the next bull season. DEFI hype is slowly disappearing and there will be NFT hype soon, IMHO. Investing in the low marketcap altcoins is old-school but if it works it is better to focus on the old and proven investing strategies in the volatile crpyto markets.

[el kaka22]

There is no specific type of coin that could break over 10k, first of all I believe it is not going to be any other coin that breaks 10k for maybe at least a decade, even eth will fail to go over 10k for minimum 10 years in my mind, but if it can it would still be a lot of years and not like next year.

Secondly if we are talking about technically going above and possible I would say almost all coins have a way to break over 10k technically speaking, it is not going to break most of their blockchain so it is possible even though improbable. At the very last I want to say do not try to look for coins that will 100x your profit, if you focus on those type of coins you are going to end up missing out on real chances of making 20% profit and instead keep dreaming about that one big hit forever without ever achieving it.