Neil here. Crypto is dominating the news cycles again.
Bitcoin is up more than 18% over the past month; Ethereum rose 37% in that time; and rumors of Dogecoin hitting $1 by the end of 2021 are permeating crypto news once again.
It’s been a turbulent year for cryptocurrencies, so I’m happy to see things going back up and to the right.
But with Bitcoin nearing $48,000, I have my eye on a fleet of altcoins – less-well-known cryptocurrencies that are much more affordable.
What sounds more likely to you:
A two-cent altcoin hits four cents by the end of the year (a 100% increase), or…
Bitcoin doubles in price by the end of the year – an increase of $47,000 or more?
I know what I’d bet on… and the numbers tend to agree.
Solana (SOL), for example, took over Dogecoin as the seventh most valuable cryptocurrency yesterday. Over the last month, Solana rose nearly 220%, and peaked last night at a record high of $125.98 before dropping back down to the number eight spot.
Solana is a relatively new coin, making its debut a mere 18 months ago, but it’s rising through the crypto ranks at record pace – SOL now has a market value of over $30 billion.
And while Solana stealthily moved up the ranks over the past year and a half, every crypto headline featured the rise and fall of BTC and meme coins.
Now, I get it – it’s easy to get caught up in the coins that all of the big investors have their eyes on. To a degree, it’s a good thing. Paying attention to where the experts put their money is a technique I’ve suggested to new angel investors for years.
But in a market as speculative and unpredictable as cryptocurrency, that “safety in numbers” notion doesn’t quite pan out. For every overnight Bitcoin billionaire, there’s an investor who put everything into one coin and came out empty handed.
Just like Solano, though, smaller altcoins saw steadier (and faster) growth than the better-known competitors this year.
Axie Infinity (AXS), which started trading at $.12 last November, reached a high of $82.40 at the end of last month – a 68,500% gain in less than a year…
And AXS is the 41st cryptocurrency by market cap.
Even after hitting a record $63,000 in April, Bitcoin’s only achieved a 430% increase within in the last year.
And there are some even smaller, even lesser-known coins that have outperformed Bitcoin by huge percentages… and with steady growth, as opposed to the top coin’s drastic fluctuations.
My colleague Tom Gentile has watched these altcoins beat out bitcoin by 335%, 780%… all the way up to 1,904% over a single year. They’re absolutely loaded with profit potential.
The best part? Nobody is paying attention to them right now. The buy-in is low – some of them selling for just pennies. And that makes now the perfect time to move in on them.
Get the details on them here, and do it soon. Because once the general public catches wind of these altcoins, you could be one of the few lining your pockets when they start to make headlines.
That’s all for today.
Until next time,