The current market downturn presents the perfect opportunity for anyone looking to buy crypto with 100x price gain potential.
Prices have corrected over the past month, and analysts are confident that the next upsurge will see a host of crypto coins balloon in value once more.
Every prospective investor understands that the goal is to maximize value and gain as much as possible. So, we have some of the top options for those who want cryptos that could post 100x price gains in the future.
We picked these assets based on their historical performance and some of the developments that could help them mushroom in value. With that in mind, let’s get to the list:
1. Dogecoin (DOGE)
Dogecoin is the most popular memecoin in the crypto space. While it doesn’t necessarily have any use case, it benefits from its massive community – which rivals those of any asset including Bitcoin.
DOGE has had a stellar year, even despite the market downturn. It started 2021 trading at $0.005685, and it currently trades at $0.236 – that’s a 4,000 percent gain in six months.
When the market downturn came, DOGE was one of the hardest-hit assets, dropping from its all-time high of $0.74.
It hit a new low of $0.16 earlier this week, although it has been working to get back. It’s already jumped by 47 percent since it hit that low.
DOGE’s relative strength index (RSI) is at 38.4. The asset is trading below the 20-day moving average (MA) of $0.298. It could take a day or two for it to climb to that point, but breaching it could set DOGE up for a major uptrend.
There have been rumors that automobile manufacturer Tesla could be working to accept DOGE for payments. Elon Musk himself initiated a poll about it last month. This would definitely make the asset’s value skyrocket.
2. DeFi Coins (DEFC)
DEFC is an excellent option for those who like to buy cryptocurrencies before they break out. It is a community-driven DeFi token that serves the DeFi Coins protocol – a platform that allows for easy and seamless crypto trading.
DEFC facilitates functions like static rewards, automatic liquidity pools, manual burning, and more. The token is currently unlisted, but you can purchase it on Uniswap for a pre-sale value of just $0.10. You can also purchase it on the DeFi Coins website.
With DeFi still in its earliest stages, several assets have a lot of growth potential. DEFC is definitely one such asset.
You can see the contract address for the pre-sale on bscscan.com, permitting public monitoring of both incoming and outgoing purchases and sales.
This is the contract address: 0x9d36c80944ab74930fb216daf0c043d4dccdaeb7
For a deep dive on DeFi Coin, download the whitepaper.
All cryptocurrency investments put your capital at risk. You may lose all of your initial investment
3. Shiba Inu (SHIB)
The self-proclaimed “Dogecoin Killer,” Shiba Inu is another memecoin that has got a lot of investors excited.
Like Dogecoin, Shiba Inu doesn’t exactly have a major use case. But, its community is strong and things are working in its favor for now.
SHIB launched in September 2020 at a value of $0.00000001, and its value currently stands at $0.000006572. So, the asset’s value has jumped by 65,000 percent since its launch.
It is definitely still in a downturn, shedding a lot of its value after hitting a high of $0.0000495. But considering its value, SHIB is an exciting choice for anyone who wants to invest in cryptos with 100X price gains potential.
4. Yearn Finance (YFI)
YFI is the token for Yearn Finance – one of the most popular decentralized finance (DeFi) platforms available. Yearn finance acts like a trading advisor for DeFi users, allowing them to make the most out of their investments. YFI is mostly used for settling fees and governance on the Yearn Finance platform.
YFI launched in August 2020 with a price of $870.64. Today, it trades at $30,425 – a 35,00 percent raise, even when you factor in the downturn. The asset has also delivered over 100 percent returns several times over the past year, providing significant value to its investors.
There is also a lot to be excited about when you buy YFI. The token is expected to test its all-time high of $94,873 once the market rebounds and the DeFi space gets back on its feet along with it.
5. Aave (AAVE)
Aave is the leading DeFi platform. It is a lending protocol that allows users to lend and borrow funds, with interest paid to liquidity providers for their investment.
AAVE is used in the same way as YFI for Yearn Finance – it is mostly for governance and fee payments.
The token was made available last October, with its starting price holding steady at $52.25. Today, the token trades at $202.18.
AAVE’s chart data also shows that it has delivered over 100x gains on several occasions.
The asset got dragged significantly when the downturn hit, sliding from its all-time high of $635.81 and bottoming out at $89.84 earlier this week. The asset’s price movement in the past two days alone marks a 125 percent increase.
With an RSI of 31.77, AAVE is severely underbought. The asset is now working to cross its 20-day MA of $205.11.
As the DeFi space continues to grow, DeFi blue chips will lead the rally. Thus, AAVE is in the best position to make gains. The asset is also a bargain, making it an exciting opportunity to snap up this crypto with a potential for 100x price gains in the future.
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These 5 Cryptocurrency Could be Next to Buy For 100x Price Gains