There are hundreds of cryptocurrencies and many provide valuable functions but have far too many tokens so if you didn't buy early then you miss out. So everyone hunts out the cheapest tokens and buys a lot of them thinking they will be rich when each token is worth $10.
People will do graph analysis and see that a break out to new all time highs are in the near term and predict prices based on the graph and patterns. This is a smart tactic but can easily over shoot realistic prices based on having these tokens increase in value beyond Bitcoin over night.
So the ideal methodology would be to include graph analysis and market price and total circulating tokens.
That is where these three become increasingly obvious choices. OAX LRC and BCPT
Just recently @haejin made posts about LRC and OAX showing that the graphs are looking ready for a near term break out. But he failed to point out that LRC has a circulating supply of 62,366,926 tokens and a price of $1.15 so the market cap is a tiny $71,446,303 USD . For this token to double in value it only needs to increase its market cap by 71 million dollars.
The same can be said of OAX with a circulating supply of 25,009,250 tokens and a price of $2.14 per token. So the market cap is $53,447,017 USD. For this token to double the market cap only needs to increase by $53 million.
And BCPT has already increased in value by 2x since I bought in and noticed the market cap to token ratio. But it is still set to double in price in the near term. It has a supply of 45,166,200 tokens at a price of $1.62 per token. So the market cap is $73,008,452 USD.
The graphs of LRC and OAX have been analyzed by @haejin who recommends them and is much better at that then me.
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As for BCPT, you can see that is has rallied but is now in consolidation forming a triangle pattern. It is only a matter of time before these tokens get eaten up at the cheap prices and all become $10 or more tokens.
And $10 token values are not a distant future. That still would keep them under the $500 million market cap an easily achievable feat.
So, finding cheap tokens isn't about finding tokens under $1 but finding those where the market cap still has a lot of room to grow. Verge and Tron are already multibillion dollar market caps.
So, my thoughts are that all three of those tokens are great buys. But I also recommend that you do so with a small percentage of your capital. I believe in the future of them but I also believe in TRX, XVG, EOS, ENG and many other tokens that I hold the majority of my capital. These are more speculation with obvious number and graph analysis pointing to buy.
What about bitshares?
bitshares is the kind of token that is I am talking about where the price is still under $1 per token but there are over 2 billion tokens. So the possibility for it to double in value is significantly harder as it needs an additional billion dollars invested for it to double. While these smaller circulation tokens are have a much better chance of doubling as they only need 50 million 1/20th the amount of money invested.
That being said, Bitshares is something I think has great value. I am not saying sell other good tokens for undervalued tokens. Just pointing out that many of the great investment opportunities are the tokens that are over $1.
I know what point you are trying to make and I completely understand it but let's not undervaluate coins just because they got a big supply :) I think bitshares will be the future of exchanges as people realize the dangers of centralized exchanges and run to decentralized ones.
Huge supply will be overridden with demand IMO. at least for bitshares
Fair enough but BTS is not the only company creating a decentralized exchange token. LRC and OAX (recommended above) are both for tokens for decentralized exchanges.
Then there is Binance and their new token. Which has a 2 billion circulation but they are buying back and destroying 1 billion over the course of the next two years. Also, the binance token gives you a discount on trading fees on their current platform.
Personally I would invest in BNB (binance token) over BTS as it has a better development plan. And a much larger user base already due to the fact that Binance has a large user base.
But if you want to invest in BTS then go for it. I think they have a great future and I love Steem and I think EOS is brilliant. Personally BTS isn't for me. I would do BNB over it but the numbers tell me LRC OAX are better choice for right now.