Picking an Altcoin in The Bear Market

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In the coming months – you have an incredible opportunity to make a lot of money within the next couple of years.

When Bitcoin bottoms out from the bear market, presumably from August to November 2022 – that is the time for you to invest in altcoins.

If you have some decent luck, you will at least make a 10x. With luck (and the operative word here is luck) you will make over a 100x, or even better, over 1000x.

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You can't fail - with patience

As I mentioned in my previous post, CRYPTOCURRENCY BEAR MARKET 2022. Don’t be trigger happy, do not buy any altcoins now. They will crash further, the bleeding has just begun.

Keep an eye on the 200 Moving Average on the weekly chart for Bitcoin. When it touches and wicks below the MA – then it is time to get interested.

Remember that the next Bitcoin halving is on Jun 18, 2024 04:19:46 PM UTC. So, the accumulation phase will probably be over in the spring of 2023.

A quick look at the Bitcoin chart below should tell you all you need to know.

Which Altcoin to Invest in?

You can play it safe, and chose some of the coins and tokens that have been around for a long time. For example, Ethereum and Litecoin should give you a 10x return when the bottom is in. 

Of course, what you want to do is to make big gains and invest in another Solana when prices are at rock bottom.

Personally, I’m looking at coins in the Metaverse. I believe there are big opportunities here. Check this link for more info: https://www.coingecko.com/en/categories/metaverse

What do I know?

I don’t know which token or coin is going to make a 1000x. I can’t help you with that.

However, I can help you with the following. If you want a 100x, you need to calculate the market cap and check if it is even possible.

Take the current price and multiply it with the max supply or circulating supply of the coin or token.

For example, let’s look at Apecoin:

  • The current price as of writing is $6.22
  • The circulating supply is 292,187,500.
  • This means the current market cap is 1,816,788,447

So if you invested in Apecoin now and expect a 100x on your money, the total market cap would be $600.22 x 292,187,500 = $175.376.781.250 (175 billion+ dollars).

This would mean Apecoin is the 3rd most valuable coin, behind Ethereum in terms of market cap.

Is it possible? Yes. Is it likely? Probably not.

There are many caveats to the equation above, but this is how I look for possible coins which can yield big gains.

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