Is it possible to get 10X your money with crypto? Absolutely yes, In this article I look into the possibilities of multiplying your money by 10 times by hodling Crypto Gems in the crypto markets.
You are lucky because in this article I will be exposing my top advice to keep up with the volatile markets, so keep reading Crypto Redeemers.
Table of Content
- WHAT DOES 10x MEAN IN CRYPTO
- HOW TO CALCULATE THE PERCENTAGE PROFIT OF 10x
- MARKET CAP
- MY METHOD OF DISCOVERING 10X CRYPTO GEMS
Before I talk about how to discover possible 10X coins, you need to understand what 10X means and how to calculate it.
What Does 10X Mean In Crypto?
10X simply means multiplied by 10 times your initial investment, multiplying “Orange” by ten is the same as saying 10X “Orange”.
Note that 10X is not the same as 10% gain, in fact 10x is way more than 10%.
how many percentage profits is 10X
The formula to calculate the percentage profit of 10X is by dividing the total return of investment from the investment amount, then multiply the answer by 100 and subtract by 100 which will give you the profit percentage.
10X percentage formula
Below is a formula to calculating the percentage of 10x.
Return of investment / investment amount = ANS
ANS x 100 – 100= percentage profit
For Example, Peter bought $1M worth of BITCOIN and his total return of investment grew to become $10M, the calculation will be.
10,000,000 / 1,000,000 = 10
10 x 100 = 1,000 – 100 = 900%
10M divided by 1M which is equals to 10 then multiply 10 by 100 which is equals to 1,000 minus 100 which will give you the correct percentage profit of 900%.
This means that for you to 10X your money with crypto, you need an altcoin that can do a nice 900% increase in price.
Cap is short for Market cap and market cap is short for Market capitalization which is the result of the total circulating supply of a coin multiplied by the current price of the coin.
let’s take JULD For Example, At the time of writing JULD’s circulating supply is 190,607,625 and the price per JULD is $0.2469.
When you multiply these two numbers they will give you the market cap of JULD, so do the maths and you will see that JULDS market cap is approximately $47,161,022.
So for JULD’s price to increase by 900%, the market cap has to grow ten times which means that the cap of Juld should be over $470,000,000 for that to happen and it’s very possible if demand grows.
HIGH CAP: are coins or tokens that have a market capitalization of over $10 Billion US dollars.
MID CAP: are cryptocurrencies whose market cap is between $1 Billion to $10 Billion US dollars.
SMALL CAP: These are tokens whose market cap is less than $1 Billion but over $100 million USD. Tokens that their market cap is over a hundred million and less than one billion are considered small-cap.
MACRO CAP: These are mostly very new tokens which market cap is less than $10 Million USD.
With the explanation above you should know that Juld is a Macro cap coin.
How To 10X Your Money With Crypto
Imagine making 10times your investment in a period of Hodling, Mind-blowing, right?
Well, the real deal here is discovering hidden Crypto Gems that have the potential of giving you a nice 900% profit.
Disclaimer: Nothing in this article is to be taken as financial advice, Cryptocurrencies are a speculative asset and very volatile in Nature, You may lose a huge portion of your money if you don’t know what you are doing.
On your journey to make 10x gains in crypto you may find yourself losing money on the random due to Rug pulls, Fake tokens, and exit scams, So invest what you can afford to lose.
for sure in crypto-land money is made and also money is lost (Wins and loses).
These are strong fundamental coins or tokens that can potentially multiply your investment over a period of Hodling and they are mostly hidden.
Why I say hidden is because they are not available on top-tier exchanges like Binance or Coinbase, etc.
It’s very important that you know what SMALL, MID, HIGH, and even MACRO CAP mean in CRYPTO to better understand how to spot coins that will potentially 10X your Money.
In the video above I also illustrated how to use Pancakeswap to buy Shitcoins by using $ASS as an example, Remember I’m not a financial adviser but gotta get these 10x gains.
My method of discovering Hidden Crypto Gems
To make such a discovery I use Coingecko which is a cryptocurrency listing website where all tokens are ranked by market cap, to increase my chances of growing my investment by 10X I look for potential Shitcoins on Coingecko then I Dyor and I buy with what I can afford to lose.
In order to see these Shitcoins when you open Coingecko.com click the “Recently Added” button and you will see the list of coins that were just newly listed and they have the lowest market cap, now it’s time to Dyor.
Dyor means “Do your own research” this word is popular in the crypto space as it encourages people to learn more about what they are interested in before investing money in order to reduce risk and for you not to hold anyone responsible if you, unfortunately, lose money.
How To Dyor
Invest in what you believe in, You understand how, when, and why your investment in a crypto project will give you the reasons to HODL even when your money is at risk.
When you use Coingecko and you find a token you are interested in, you can see their contract address which you will need to copy in order to find it on Pancakeswap, If you watched the video above you would see how i bought $ASS using the contract address and also you will see links for the token that leads to their Website, Twitter, Telegram, BSC, or ETH explorer etc on Coingecko.
Visit all these links, look at their website read what they are all about, Check their telegram and Twitter to see how people are responding and if they have enough following.
Look up their charts on Poocoin using the contract address and to see if people are actually buying that token.
Check for the percentage of tokens the top 10 wallets are holding on their network explorer.
Below is my dyor checklist, before buying any new token on the market to reduce risk while chasing 10x gains cause we all want that Lambo money.
- The Developers of that project
- Live Community
Why was the Token/Coin created? Like Bitcoin for example, which is the first cryptocurrency, Its purpose is to give power to the people by being a person-to-person payment system that needs no government or banks for transactions to be approved.
So find out the reason why the new token was created and how it plans to serve it purpose, read every information from their website, Twitter and telegram.
Devs are the backbone of crypto projects as they are the individuals or group of persons who write the codes that control and execute functions of the Coin, Satoshi created Bitcoin in such a way that no more than 21 million BTC can be mined.
What makes the project different from other projects like vital use cases, Token burns, and its reward system? What gives it uniqueness and its Roadmap.
The use case is basically what the coin does and what gives it value.
Token burns are when some of the tokens are removed from the total supply.
A roadmap is a series of plan the project has as they progress.
This word means token economics It is how tokens were distributed, for example, the number of tokens sold to the public, the number of tokens the team holds, etc
This is the list of the total wallets that hold a particular token and can be found on their explorer, like BSCSCAN or ETHERSCAN when you search the token using the contract address then you click the name on Token tracker where you can see holders by clicking holders.
The community is usually the followers and subscribers on the tokens Twitter, Telegram, Reddit, and other social media platforms.
Do they have an active community? if yes you can communicate with people on their telegram who also bought the token and they joined their telegram to stay updated with everything happening to the project.
You can ask questions and find out why different people are actually buying the token, I usually throw questions on telegram, and at times someone replies to my message.
If you’re a crypto lover and you want to 10X your Money With Crypto, knowing fully well that Low cap fundamental coins can either 10x or fail, It’s advisable not to invest more than you can afford to lose and don’t keep all your eggs in one basket by splitting your capital,Because you never know which one will make you RICH or REKT.
If I buy four fundamental coins with $50 invested in each which is a total of $200, even if three fails but one of the coins does 10x It will become $500 which means that $50 times 10 equals to $500 and I have made extra $300 from the $200 I earlier split into 4 coins.