Searching for the Next 100X Altcoin? Follow This Guide
The post Searching for the Next 100X Altcoin? Follow This Guide appeared first on Coinpedia Fintech News
While Bitcoin and Ethereum may be household names, the holy grail for many crypto investors is finding the next explosive altcoin with 100x potential. Getting in early on one of those generational opportunities can be a permanent wealth-builder.
But how do you sift through the endless noise and identify which budding altcoins have a legitimate shot at delivering life-changing gains? Here’s a battle-tested guide to spotting those elusive 100x gems:
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Focus on Deflation, Deflation, DeflationFor an altcoin to realistically grow 100x from current levels, one of the most critical factors is having a low and dramatically diminishing token supply over time. Why? Basic economics – restrained supply combined with growing demand is a recipe for relentless price appreciation.
The goal is to find projects with clever tokenomic designs that enable aggressive deflation over time through mechanisms like:
- Token burn and buyback programs
- Decreasing emission schedules
- Novel incentives and gameplay loops that encourage holding vs selling
An emerging player like NFTFN seems to have put extensive thought into engineering long-term deflation into their token dynamics from the start.
Zero In on First-Mover DevelopersIn the hyper-competitive crypto space, there’s a concept known as “Crypto-Native Priority” – being the first major mover into an entirely new, hyper-growth market segment can prove to be an insurmountable advantage.
NFTFN understands this concept, positioning their SuperNova product as the pioneering NFT derivatives platform giving the masses affordable exposure to premium collections. If they execute, the first-mover advantage could be huge.
Hunt for Rabid Community GrowthEven with brilliant tech and tokenomics, one of the most underrated make-or-break factors for 100x success is good old-fashioned hype and community passion.
After all, tidal waves of new capital have to flood into an asset for exponential price rises to occur. That won’t happen without a fervent, rapidly growing community of die-hard believers continually spreading the gospel.
Monitor the usual social channels and forums looking for unmistakable signs of surging grass-roots traction and excitement:
- Telegram/Discord groups doubling in size monthly
- Relentless Tweets, shitposts, memes, and influencer shillings
- Waves of new content creators, websites, and superfan campaigns
If NFTFN can ignite that kind of passionate community on the back of their innovative NFT play, it could help fuel a meteoric rise.
The Bottom LineFinding a 100x altcoin isn’t easy – doing so requires being both extremely early and almost preternaturally accurate in one’s evaluations. But by focusing on astutely designed tokenomics, first-mover advantages, and traction with a rabid community, you can at least improve your odds of being first to the next moon mission.
As always, investors should never risk more than they can afford to lose on altcoin punts and maintain a diversified portfolio. But some calculated 100x swings at the fences will likely be warranted for those with a high tolerance for risk and asymmetric bets.
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