y YOU, yes YOU! Think you will make the next 100x this coming bull run?
I bet you are sure of that but I doubt you really understand what is really coming and how well to position for it.
THE FANTASY OF CRYPTO INVESTMENT: ALTCOINS
If not earlier, by now you should understand that not everyone can invest in Bitcoin and make life changing money even after the bull run. This is because Bitcoin already has a huge market cap and very little supply compared to the amount of people who would like to own a token of it. This factor has contributed to its high price valuation and high demand in the digital financial market. Knowing this, retail investors have found a new oil mine and that is investing in altcoins.
Altcoins really did present us with new cheaper opportunities for maximum profits that bitcoin never could. But then it became too congested with thousands of altcoins being created and most being rug pulls and had no eccentric value that could really stand the test of time like Bitcoin and to some degree Ethereum. Then we had some genius minds who came about the use of specific layers of altcoins to solve minor problems that had a huge impact for users. Some of which allowed users to pay very low gas fees and higher transactions per second. But another problem occurred where some altcoins by nature of their launch were suspected to be securities and were termed “illegally operating as commodities”. They ended up being sued and eventually folded up even though they were solving real problems. How then did altcoins survive the purge and also stood the test of time?
DECENTRALIZATION…
For any altcoin to be fully free from regulatory restrictions and scrutiny, it needs to be fully decentralized. In case you didn’t know, Bitcoin is untouchable by regulators till today because it is decentralized. Till today we still have many altcoins that are not fully decentralized to the core.
HOW TO EASILY SPOT DECENTRALIZED ALTCOINS.
A crypto project can be totally decentralized if it meets these criteria:
- Must have a permissionless and public blockchain that just anyone can access and use without the need for a central authority or intermediary.
- An active governance right that empowers the community to make or join in making the decisions about the future of the project.
- Must have good tokenomics in place for allocation and community incentivization.
- It has a decentralized exchange(DEX) where users can trade crypto assets without a third-party platform. Finally
- It has decentralized applications(dApps) that can be used to interact with different protocols. Mostly we can say that DEFI projects are more interoperable with many useful functions.
You can learn a little about altcoins strategy for the bull run here
WHY SHOULD YOU INVEST IN DECENTRALIZED ALTCOINS FOR THE BULL RUN?
Decentralized altcoins are really playing a major role in the space right now because they are the base on which new trends are building, such as Gamefi and Socialfi.
The DeFi market cap which rallied up to 1200% in the last bull of 2021 amassing a whopping $240B has since dropped to $68B with a dominance of 4.5%. This might not seem much right now but remember we are not in the peak of a bull run yet again. Which means that this an opportunity for a big growth and as new projects are being built there will be new opportunities for you and I to be a part of something phenomenal very early; simply because we did not have the kind of new projects we have now in 2021. This is a sign that while the bear market was yet to bottom in, many DeFi protocols were busy building all through and with it raising active community participation in a way that they even transformed the way airdrops are being distributed. Most Degen players now have gained reasonable skills by interacting with different dApps to gain points which will later on be converted to tokens.
FINAL THOUGHTS
Not all altcoins even though they may seem decentralized will make you the 10x, 50x or 100x you really wish but we have a home of alphas and it’s the Crypto University alpha group . Get to meet and also interact with professionals having years of experience to help you grow your next possible 100x portfolio this coming bull run. You can also learn how to trade altcoins in preparation for bull run as we have master traders willing to show you working strategies that will send you to the moon as the common saying goes.
Shout outs
A quick shout out to our sponsor for today Crypto hustle. Do me a favor and check out their channel for trading and investment education while watching some content online.