Over the past few months, cryptocurrencies have been shooting up like crazy. Ethereum has gone up more than 350% since January, while Bitcoin climbed up over 200%. Some of you might be having massive FOMO right now but don’t worry, this is just the beginning as there are other cryptocurrencies that top investors are expecting to go on massive bull runs, so you have not missed out just yet. What’s up everyone and welcome back to Muniba Invests. On this channel I will be helping you make smart investment choices by bringing you a range of stocks and cryptocurrencies from high market caps to low market caps that have massive upside potential and can be a great fit in your investment portfolio. In today’s video, I will go over 3 alt coins that are high alert on my radar. These have the potential to have a similar run up just like the top cryptos have had, so make sure you stick around till the end. Before we start, I do want to mention that I have absolutely no affiliation with any of the companies I will be talking about, so my analysis and research is completely free from bias.
I say that because unfortunately there are pump and dump schemes going around with crypto and the cryptos I will be talking about are far from that as they have strong fundamentals and their products will have a massive impact in the crypto space. That being said, let’s get into the video. Before we talk about alt coins, it’s important to establish what exactly they are. Its quite simple, every other digital currency other than Bitcoin is simply referred to as alt coin, or alternate coin. In the past we’ve seen that Bitcoin drives the trend in the crypto world and all the alt coins simply follow it.
This may be changing now, though, because Bitcoin is comparatively becoming lacklustered. Over the past week, Bitcoin managed a roughly 11% gain compared with Ether’s 28%. Many other major alt coins have also outperformed Bitcoin in terms of weekly gains, suggesting that new all-time highs are expected to show elsewhere.
Another incredible piece of information comes from Rekt Capital who noted that in early 2017, alt coins flipped their previous market capitalization high into a support. When this happened, it launched the new market cap to a peak 27,623% over the next year.
And, this trend appears to be repeating itself this year. There is a lot more I want to share about this so I will be making another video to cover it in more detail. Make sure you subscribe and press the bell icon so you are notified when that video is up. Needless to say, if history repeats itself, alt coins will reach dizzying new all-time highs.
With that short explanation, I hope you understand why alt coins are presenting an incredible opportunity for massive growths in your portfolio. So, let’s get into the top 3 coins that I’ve picked for you. First coin is binance. Binance coin comes from the Binance cryptocurrency exchange. It is currently the biggest exchange in the world by far. It so big that the binance coin was developed to make it easier for users to pay for the site’s services.
To fully understand how big binance is, just look at these numbers. 1.4 million transactions are executed on Binance every second and the site has a daily volume of 2 billion. One of the reasons why Binance is so popular is because it has the lowest transaction fees among all crypto exchanges with users paying just 0.1% to execute each trade. Binance further reduces its trading fees by a full 50% if you pay using the binance coin. Investing in binance is the safest way to make money during this crypto craze. All the hyped up alt coins like safe moon run on the binance block chain so every time, they buy those altcoins, the binance block chain grows. Investing in binance is like investing in the shovel company during the gold rush. As we know from history, it was the shovel companies that made more money in the long run than the gold mining companies did.
Next coin on my list is Cardano.
Cardano similar to Ethereum is a decentralized third-generation proof-of-stake blockchain platform. It was founded by Charlese Hoskinson who was the co-founder of Ethereum. He left Ethereum to build Cardano because Ethereum has limited use. This is what he had to say. (Insert Video). The reason why Cardano is a top crypto to invest in right now is because of how massive the company’s vision is. The company’s goal is to provide banking services to the world’s unbanked third-world countries. This is a project that they are actively working on. So far, they have released Atala PRISM. Atala PRISM can be used to verify credentials to open a bank account or to verify eligibility for resources like government aid. Furthermore, Cardano just made the biggest blockchain deal ever with the Ethiopian government called ‘Cardano Africa’. Around 5 million secondary school students and 700,000 teachers are coming to the Cardano block chain using a ministry education app.
The app will be recording data on students and teachers to improve the quality of education, and has aims of elevate the entire country. Since the project is only in its early stages and will soon become a standard in the country with over a billion users in the future, this makes it the perfect time to invest in Cardano. The way to invest into Cardano is to buy its native token ADA that runs on the Cardano blockchain. It is available on exchanges such as Binance and Coinbase.
The third coin which is currently not as famous as the other alt coins but can have massive bull run is Helium, Ticker symbol HNT. It is a decentralized blockchain-powered network for internet of Things devices also known as IOT devices. This may sound confusing but the functionality of helium is actually very simple to understand. The goal of the helium is to create a wireless network across the globe that allows low powered wireless devices to communicate with each other and send data across its network.
This is done so by people buying the helium mining devices such as the RAK hotspot miner and connecting it to their internet router. These devices cost roughly 400 dollars. The helium network spreads using these devices. In return for connecting these devices to your internet, you are payed in helium tokens. You receive tokens based on the data being transferred using your device. The number of tokens you receive also depends on the location the helium hotspot is set up at. If it has other helium networks in its range then the reward you receive increases exponentially.
This is a win win situation as helium is able to expand its network and people placing these devices in their home get payed in helium tokens that are currently trading at 17 dollars. This is a great way to make passive income as people with miners placed in great locations are mining close to 250 HNT tokens a month which at the current price comes out to be $4250. Since this is a great opportunity, a lot of people have ordered the helium miners because of which they are currently back ordered.
If you were to place an order for a miner right now, the expected date of arrival is September 2021. The numbers of miners are expected to jump from 33000 to 150000 by August further increasing the value of helium token and raising its price. HNT is a great crypto currency to invest in right now because of this.
Remember, the intent of this video was not financial advice so before you invest in any of these crypto currencies, I highly recommend you all to do your own due diligence. Crypto currency is extremely volatile and you all should invest with caution. Personally, I have 30% of my portfolio allocated to cryptocurrency.
That wraps it up for today’s video. If this video was helpful and gave you a good insight on the top alt coins to buy right now, then make sure to press that like button, subscribe to the channel, and press the bell icon, it really helps us out a lot.
Also, share your opinions in the comment section below, I would love to have a conversation with you all. Until next time, take care and keep investing.