Cryptocurrencies that make millionaires are rarer than the glitz of these cryptos would have you believe! Shills will be shills, and that is expected in the crypto world. But if you believed them all, you would have a huge hole in your pocket.
So how do we find these multi-million dollar cryptocurrencies? To do this, you need to look at four main areas:
1) The team behind the project;
2) The utility of crypto in real-world applications;
3) Previous projects and their success;
4) Mainstream saturation to date (is it still underrated?).
Even if all four boxes are checked, fate has to cooperate to some extent. But if you’ve checked these four boxes, the odds are in your favor.
Certainly better than taking the shillings at face value! “Our new Richcoin will increase 9,237,272,723% by next Tuesday! Buy our coin!” Yes, exactly. Here are 3 cryptocurrencies that tick all four boxes I listed. You have a much better chance of turning into multi-million dollar cryptocurrencies.
Notcoin (NOT-USD)
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Notcoin (NON-USD) is a telegram-based game where you can tap a coin on your screen and earn money for free Toncoin (TON USD), the more you play it. It is a community based NOT token that integrates users into the Web3 Ecosystem through the game.
The NOT token rebounded after continued hype surrounding the TonCoin game and enjoyed a 275% pump. NOT Rally was re-released on May 18, 2024 and reached an all-time high. It is currently hovering around 2 cents and a realistic next move could be as high as 3 cents.
For comparison, NOT rose 88.40% in the first week of June, outperforming the global cryptocurrency market, which gained 3.50%.
With this in mind, we are currently in a potential buying opportunity. NOT was down 7% at the end of last week, but was still 77% higher than the week overall and 46% higher than the previous month.
Anyone looking for entry-level potential now has the opportunity.
JasmyCoin (JASMY-USD)
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JasmyCoin (JASMY USD) has a Jasmy tokens which seemed to impact the project’s upcoming appearance at an event in Vietnam.
JASMY rose 101% in May. Further interest across the crypto world came when JASMY hit an all-time high in early June. Fibonacci analysis shows that a further 60% increase is possible from here in the short term.
What about the long term? Could JASMY be one of the multi-million dollar cryptocurrencies?
Well, JASMY is considered “Bitcoin of Japan”. The long-term prospects are promising for two reasons:
1) They are announcing new contracts at a rapid pace. JASMY was part of the Apple deal Japan’s “My Number” function on their cell phones.
2) Their market price is still massively undervalued.
Regarding point two: Consider whether JASMY is really the “Bitcoin of Japan”. Then its current price, hovering around 4 cents, leaves huge upside room before it reaches thousands (or tens of thousands) of dollars, as Bitcoin reached in a few short years.
It’s definitely worth thinking about buying a few JasmyCoins for 4 cents per coin.
Bitget Token (BGB-USD)
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Bitget token (BGB-USD) originally comes from Bitget, the world’s leading cryptocurrency exchange. BGB appears to have recovered due to increased trading volume on the BGB exchange. What’s special about exchange tokens like BGB is that their tokenomics are designed to make them rise.
On the other hand, this could have a positive impact on technology. As of this writing, BGB is at the bottom of an upward channel, making this a good time to buy with a small stop. If you’re looking for cryptocurrencies that make millionaires, it’s the fundamentals that favor BGB.
Crypto exchange Bitget announced the launch of The BWB token from Bitget Wallet on his launchpad. The subsequent effects on BGB were clearly visible in the graphic.
It is this mainstream saturation that makes BGB an exciting cryptocurrency for speculators. The world’s leading cryptocurrency exchange announces its own native tokens on its own network? This kind of insider privilege sounds good to me!
At the time of publication, Sam Farnham did not hold, directly or indirectly, any positions in the securities mentioned in this article. The opinions expressed in this article are those of the author and are subject to InvestorPlace.com’s publication policies.