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What Cryptocurrencies can Greatly Increase in Price Shortly?

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cryptocurrencies

What cryptocurrencies can greatly increase in price shortly?

Bitxmi experts have named several promising cryptocurrencies that they believe have the potential to replicate the growth of ALICE and KARMA by thousands of percent.

cryptocurrencies

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. In this article, 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%).

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.

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 traded at $ 0.19.

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.

Iota: 573% in three months

On March 23, the IOTA token price peaked in 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. The token is currently trading at $ 1.38.

Pump & Dump Scheme

cryptocurrencies

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.

What cryptocurrency should you pay attention to now?

The most promising in 2021 is the Reef token. 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 impressive, so in the medium term, we should expect further growth in the value of the token. 

Defi and NFT Tokens

The main drivers of market growth are now the DeFi and NFT segments. Experts recommend observing two main groups shortly: native blockchain tokens, based on which there is the possibility of creating DeFi projects, and tokens of DeFi projects themselves.

The first group 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.

For less experienced investors, there is 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.

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Disclaimer: Bitxmi News is a news portal and does not provide any financial advice. Bitxmi's role is to inform the cryptocurrency and blockchain community about what's going on in this space. Please do your own due diligence before making any investment. Bitxmi News won't be responsible for any loss of funds.

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