It’s quite interesting that in the crypto space, assets quite often go 10x, 20x or even 100x in a short amount of time. The volatility strikes in both directions and in a short amount of time, a lot can be gained and a lot can be lost.
Some basic pointers for people brand new to the crypto space before we get to the numbers:
Do your own research. Actually try to learn about what a project is about, what problem they are trying to solve, and how.
Taper your expectations. Just because assets sometimes actually go 100x, your randomly chosen mooncoin probably won’t.
Don’t invest more than you are willing to lose. For real.
If you want to be the next Dogecoin Millionaire, you got to be willing to take some serious risk. Crypto is risky, especially if you have no idea what you are doing. So, do your own research, and decide for yourself how you want to play it.
Now, to the target numbers:
- Bitcoins needs to 2x to break $100,000.
- Ethereum needs to 3x to break $10,000.
- Cardano needs to 4x to break $10.
Judging by the moonshot Solana took earlier this late summer by going from roughly $32 to $167, increasing its price by 5x, the possibility of #BTC #ETH #ADA doing the same is a very real possibility. Basically, they are each just one more catalyst away from reaching their target numbers. This catalyst may or may not come. More likely than not, it will come. And come soon.
Give it half a year, and we’ll be there.