Crypto is famous for rewarding investors with gains that put the stock market to shame, with 10x, 100x, and even 1000x profits making average people wealthy from small investments. Of course, average people can also lose everything they invest if they’re not careful!
As with everything, research is key. There are two main ingredients in finding coins that have the potential to go 1000x. A small market cap, and an upcoming price catalyst.
A small market cap means the project has room to grow (a project with a $1 billion market cap is unlikely to go 1000x, as this would make it worth $1 trillion – as much as the entire crypto market value). An upcoming price catalyst means something has just happened, or will happened, that could make more people invest in this coin. Let’s dive in.
El Hippo (HIPP) 1000x Price Analysis
El Hippo is a very young meme coin with around 3 months under its belt. In those three months, the project has amassed over 50,000 followers on social media and gathered 10,000 token holders. This is thanks to very a very active following on social media, the bread and butter of any meme coin.
El Hippo fans are known for constantly producing meme content aimed at making the project go viral, aided by regular meme contests funded by the project. In fact, El Hippo gives away $700 to its content creators every two weeks and just launched a $10,000 airdrop that ends November 3. The project newsletter also shows that there have been numerous media headlines and influencer mentions of the project.
The project apparently has imminent centralized exchange listings about to launch, and this, aided by the massive effort to promote meme content online, could very easily create the perfect storm for a small-cap meme coin to go 1000x. In fact, with a market cap of just $3.96 million, a 1000x price increase would still make the project worth less than half of the Dogecoin market cap.
Young meme coins are famous for explosive growth, and it remains to be seen whether HIPP will join the ranks of coins like SHIB and PEPE, which used the exact same strategies to go viral. 1 HIPP is currently worth just $0.0000000055, making this the cheapest coin on this list as well as the one with the potential for the most outsized growth.
Gods Unchained (GODS) 1000x Price Analysis
Gods Unchained has a market cap of $56 million, still considered a very small-cap coin in the wider scale of the crypto economy. GODS has plenty of room for upward momentum, and while 1000x gains might be tricky (this would make the project worth half a trillion dollars), it’s still a coin worth keeping an eye on.
The project has already shown 43% growth this month in a clear upward price trend spurred onwards by growth in BItcoin’s price. GODS is the utility token for a popular blockchain-based video game, a digital trading card game that lets you trade cards worth real money in crypto.
While there isn’t necessarily a price catalyst in the sense of an imminent project update or token listing, the upward price trend itself is worth a closer look. It can be tricky to get in on the action when a coin has already gained so much in a month, but there’s no telling whether this coin could go the full distance and blow up.
Luna Classic (LUNC) 1000x Price Analysis
This is the largest cap coin on the list at a $376 million market cap. Again, for crypto, this is considered relatively modest with plenty of room for upward growth. Luna Classic suffered from the notorious Terra Luna crash that took place last year, but LUNC has continued to see heavy trading as the project continues.
The price is up 20% from a monthly low, although in total price is only up 1% on the month. While this isn’t necessarily an upward trend, there is a strong price catalyst with Binance burning 760 million LUNC in the last few days, bringing the total burned sum to over 40 billion. Burning tokens removes them permanently from circulation and makes them more scarce, and in some cases, more valuable.
Analysts are now waiting to see whether the burn of a small cap crypto will indeed prompt price to climb higher.
Which Small Crypto Will Explode?
Out of the cryptos on this list, El Hippo seems by far the most likely to explode, but there are no guarantees in crypto. As always, investors would benefit from doing their own research and carefully studying ongoing price trends before making a decision, and never investing more than they can afford to lose.
Source: https://www.analyticsinsight.net/how-to-find-1000x-coins-el-hippo-hipp-gods-unchained-gods-luna-classic-lunc-analysis/