The crypto market is on the rise and is now edging closer to a $2 trillion market cap. Naturally, this means anyone who wants to make good money should be ready to commit a considerable amount in initial investment.
Gone are the days when a $1000 could make you rich by throwing it at Bitcoin or Ethereum. However, this doesn’t mean that opportunities for anyone looking to make money in crypto are gone. There are lots of altcoins, both big and small, that offer the potential for massive gains with a relatively small investment of $1000 or less. Some of them are below.
Dogecoin has been on the news for the better part of 2020, mainly due to Elon Musk’s pumping. For this same reason, Dogecoin stands out as one of the cryptos that hold lots of potential in the long run. At the moment, Dogecoin’s nominal value is relatively low, and $1000 can give you a significant amount of returns if the coin ever breaks the $1 mark. But can it ever achieve such a valuation?
Well, there is a reason to believe that it can. For one, Elon Musk seems to be very deliberate in his attempts to push Doge to the top. A while back, he said that he had bought Dogecoin for his toddler.
On top of that, he has recently stated that he intends to put Dogecoin to the moon. This is such a big deal that the once dead support team for the crypto has returned to life. All this points to an altcoin with the potential to generate significant gains with a relatively small amount of money invested.
Lots of people have probably never heard of OctoFi, but it is quite an innovative project. It has an App through which one can access Dapps and NFT markets. The best thing about this project is its relatively low supply of just 795,505.
This means that as the project grows in market awareness, more money will be chasing a relatively small number of tokens and could help push the price to unimaginable levels in the long run. Considering how easy it is to use and the fact that token holders get a share of the fees generated in the eco-system, there is good reason to believe that it is up for huge gains in the long run.
Binance Coin (BNB)
Binance Coin is one of the surest bets for any typical sense-driven crypto investor. It is the crypto that powers that the world’s largest and most innovative crypto exchange. On top of that, Binance Coin is also subject to regular coin burns.
Binance exchange has been burning BNB since it was launched. It has also recently announced the coin burn could be accelerated and completed in the next 3 to 5-years. If this happens, the Binance coin could easily emerge as one of the most valuable cryptocurrencies and could easily rally way past the $1000 a coin mark. This could make anyone who gets in now a considerable amount of money in the long run.
Disclaimer: This article is not trading advice. TheDechained holds no liability for investments made on the basis of this information. We recommend independent research before making a decision to invest.