To achieve 100x or even more you would need a low marketcap coin which is around 1 million marketcap or so to be able to do 100x and still be called something else than just pure lottery. Today (8.1.2019) there are 48 coins that reach that 100 million in marketcap required for that 100x from around 1 million marketcap. During the last bull run there have been more coins that reached it.
In my mind it has to be a coin which has low supply to drive demand, a working product to not be one of those 90% of coins that fail, team which knows what they are doing, little competition in the same field, no hype-marketing but progress instead, ability to solve a real world problem, real world use outside of crypto and preferably doing something better that we already are familiar with, so it doesn’t have to be taught to a lot of people. Teaching is expensive.
Generally speaking, to do things better than most of the competition, while still being cheap in order to even remotely realistically suggest a 100x, I’ve found one that I think ticks all the boxes. It is called Privatix (PRIX).
Here are the reasons why:
- Marketcap of around 1 million.
- Public Beta on TESTNET. Soon public Beta in Mainnet. Windows, Mac, Linux. Then you can start earning PRIX by sharing your internet.
- No hype-marketing, videos, paid stunts, no nothing.
- in the dVPN business (decentralized VPN). VPN use in general is estimated to grow by a few billion USD in a few years time as censorship grows. To catch a tiny fraction from the market would mean getting that 100x probably. One example estimation of VPN usage growth at: https://www.business2community.com/infographics/the-rise-in-vpn-usage-infographic-02113631
- Established company that didn’t sprung up in the crypto craze. Instead, it is a real company with real business and it survives in bear markets because it has its own money apart from ICO money.
- Company has a working normal VPN with around 1 million customers, and in the future they will include all of their 1 million customers to their new dVPN.
- They have a long experience in this field, proven track record of similar products.
Total supply of only 1 275 455 PRIX. Meaning real scarcity. Later on as price increases there are 8 decimals to solve liquidity problems. - Project started in around Q3 2017. Very active team delivering on their schedule.
- Only few competitors and one of them did 800 million marketcap in last bull run. And they didn’t even have an alpha back then. It goes to say that 100 million is achievable, possibly much more.
- Only in 3 mid to small size exchanges. And in purpose. They start to spread awareness of the project only when it is matured to a working product. They have a clear plan to execute.
- Real word usage outside of crypto. You will tap in to a new market outside of crypto. Meaning it is not only for speculators but it actually is of value to normal people and thus usage outside of ‘investors’ market.
- No need to teach people what it is and what its benefits are. You’ll find loads of projects which are too hard to understand for the average people. They are planning to make their dVPN to a few clicks simple usage UI. No need to teach people to like it.
- Open source program.
- Everybody can earn by sharing their internet. This is the way to drive true adoption and usage while getting word of mouth out.
- Patent pending in US for the technology.
This is my opinion for the one to be able to do 100x. I’m not saying that it for sure will so this is not an investment advice. I just showed you how I think about this particular opportunity and how I see it could happen in this market as well. There are always risks so do your research carefully to weight in different factors and then find out what cryptocurrency seems to have the most probable chance of making profits.
If you like it, comment and resteem my fellow Steemian! ;)
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