Here I will be reviewing coins below $1 on CoinMarketCap. Emphasis will be placed on finding coins that have potential to yield 100x returns. Feel free to comment with your own thoughts and analysis.
Market Cap: $33,412,212,865 USD
Thanks to its massive circulating supply (39,153,851,043 XRP) and breakout success in December 2017 and early January 2018, Ripple has the highest market cap of all coins currently less than $1.
While associations with banks may help Ripple see an increase in value back up past $3 and to a new ATH, you are likely a little too late to the party if you are seeking 100x returns. After all, XRP was once valued at less than $0.01 and has already provided huge returns for its earliest investors and longtime HODLers. For that reason, I suggest looking at other sub-$1 coins that have the potential to grow in a similar manner and follow the path of Ripple.
Market Cap: $9,554,825,524 USD
Like Ripple, Cardano is another high market cap coin with a very high supply. Cardano is still in the early stages of its detailed roadmap, but like XRP, has significantly less room to grow than the other (perhaps more interesting) coins that will follow below. For that reason, I am going to gloss over ADA and move on to the next coin on the list….
Market Cap: $8,156,678,459 USD
XLM boasts a partnership with IBM, an association which many other cryptocurrencies struggle to compare with. It is rumored that IBM has been building on top of Stellar since October 2017, and this adoption could be what propels XLM to the next tier of cryptocurrencies.
Many central banks use IBM in their backend, and XLM can be expected to be a huge part of these setups given its partnership with IBM. For this reason, XLM is seen as a strong challenger to XRP, though it (being around since 2014) has also already had some breakout success from much cheaper prices of its past.
Market Cap: $5,995,682,073 USD
TRX is viewed by many as a bit of a joke and a risky investment, but its low price often tends to lure in new investors in search of massive returns. While TRX could someday break out to $10 and give us 100x returns, I think there are better, less risky options.
Something to keep an eye on with TRX is Justin Sun’s involvement. He has been ridiculed for his Twitter activity and lack of work aside from marketing, but I think the young man’s passion and enthusiasm for his project are traits that all investors should look for and admire.
NEM was launched in 2015, and its blockchain is said to be “coded for speed.” With its insignificant transaction fees and super fast transaction times, NEM is far less popular than it deserves. You don’t hear many people talking about NEM, probably because it doesn’t have a super catchy name, and maybe due to the fact that its team is holding off on heavy marketing efforts until its product is perfected.
If NEM gets everything right, expect it to jump back into the Top 10 and start making some noise with the big boys.