Things are changing very rapidly in this crypto market right now. Things are changing very rapidly. It looks ridiculous these days, and amateurs are in fear of the market trends that are spanning across it, but fear is always a trait of amateurs and tourists of the crypto market. Seasoned investors are pretty much aware of what they are dealing with at hand and how they can turn this into an opportunity for good. This is a time when investors look for tokens that they can get at discounted prices. I have done my own research and, based on that, I have shortlisted three amazing coins that, in my opinion, have the potential to provide returns of more than 50x in the coming future.
In this crypto market, which seems to be surging with tokens being released day in and day out, identifying the top cryptos with extensive potential to grow is really tough, but don’t worry, I am here at your service and have done all the hard work for you. In my opinion, the three cryptos with 50x potential are Cardano, Ecomi, and VeChain. With that said, you may try to stake these crypros through the Jet-Bot. It is one of the platforms that generates a passive income, whether or not the market goes up or down. You can copy trade crypto with best crypto trading bot. That’s why you’d love this platform and will take the rest, when the robots earn money.
So now, let me tell you why I am focusing on these three. The first one is Cardano. Although launched in 2017, the development of it had already started back in 2015. Cardano claims that it is a blockchain platform for change makers, innovators, and visionaries with the tools and technologies required to create possibility for the many as well as the few and bring about positive global change.
It is a proof-of-stake blockchain platform, and let me tell you that it is the first one to be founded on peer-reviewed research and developed through evidence-based methods. Cardano provides pioneering technologies to provide unparalleled security and sustainability to decentralized application systems and societies.
Talking about the growth potential, Cardano broke above the $0.6 resistance level some time ago to rise to $0.689 highs. ADA established a short-term bullish market structure by breaking the previous lower high of $0.56. The price has been in a downtrend since April, and in this downtrend it set a lower high in mid-May at $0.614. The recent ADA surge to $0.68 broke this lower high as well and has flipped the structure to bullish on a higher time frame.
The next set of highs was at $0.7, and ADA almost touched those highs as well before a strong pullback to $0.54 support level. Therefore, going forward, the bias for ADA can be bullish. However, a dip to $0.54 and $0.5 levels can be tested as support in the days to come, and going forward, in the long run, it can show amazing growth. I won’t be surprised if it goes to 70x or 80x, so make your grasp tighter on it as well.
Moving on to the next token, we have VeChain. VeChain is an enterprise blockchain platform that aims to provide a full view of an organization by disintermediating information from the data silos. It also plans to become a leading platform for initial coin offerings, which we commonly refer to as ICOs, and also for conducting transactions between the internet of things, or IoT, connected devices. Let me make things clear. VeChain actually offers two tokens: the VeChain token, or the VET as a value layer, and the other one is the VeChain Thor Energy, or the VTHO, as the smart contract layer.
Now coming to the technicalities of the coin, because this is one of the deciding factors that has allowed it to feature on the list. The VET price consolidated healthily throughout the month within a very narrow range and pulled a massive leg up during the weekend. In my opinion, with an immense influx of liquidity, the market price is showcasing extremely bullish momentum.
Furthermore, in the last 30 days, the VET price has dropped 21.5%. If this trend continues, the price of V Chain might plummet to $0.025 at the support level and drop even lower. That could work in the favor of this token because then more investors will enter the market and the bulls might take over because they won’t want to miss out on the chance to get this token at such a discounted price. This will enthrone the VET from its downtrend position, therefore leading to an uptrend to $0.043 at the resistance 1 level and even higher to $0.186 at the resistance 6 level, which will be the bullish signal for 2022.
In my opinion, the long-term target price prediction for 2022 is bullish. According to coin market cap, it has a very low chance of trading at a new all-time high above the current one of $0.2782, and let me tell you that if this bullish trend continues, the VeChain will reach $0.186 by the end of 2022.
Furthermore, the rise, when continued, will eventually become a bull run, allowing it to break through the shackles and reach at least 50x to 60x in a short span of time, so do keep an eye on the VeChain as well.
Last but not least, we have Ecomi. Ecomi is actually a technology company that is based in Singapore and aims to lead the way in the emerging digital collectible space as well as protection of digital assets. It offers a one-stop shop for digital collectibles through the VeVe app, bringing pop culture and entertainment into the 21st century economy.
It sees digital collectibles as a new asset class that offers intellectual property owners the opportunity for new revenue streams in the digital landscape. Digital streaming, gaming, in-app purchasing has already become a multi-billion dollar market. In my opinion, there is a space left out, so the next to join this digital trend is the pop culture and collectibles industry. This is the market the Ecomi wants to dominate, which makes it an amazing choice for the investors in the crypto trading industry that are looking for long-term gains. For all those investors, they are offering an Ecomi token which users can use to ride the incoming wave of pop culture and collectibles in this industry as well.
We have already seen the rise of NFTs and metaverse, and it’s inevitable that the pop culture and collectibles industries will not follow suit when it comes to the technicalities of the tokens they offer. The price exploded suddenly in March 2021, sending the price from $0.003 to $0.013 in just a few days, resulting in high volatility.
Soon the price of Ecomi coin started to trend down for the next few months. The bowling greens showed that volatility was at an all-time high during the month of April. This volatility stabilized over the next few months as the Ecomi’s prices decreased again, hitting record low levels.
In the month of February this year, Ecomi was able to earn a very bullish rating on the investor observer sentiment score, and this tool can be useful for both short-term investors looking to ride a rally and long-term investors trying to buy the dip. Although the current market looks red, for an investor like me, it is one of the best times to accumulate the best tokens at the most discounted price. In my opinion, Ecomi is one of those in my list because it has the potential to be much bigger than what it is today.
[This article is a transcription of a video made by Crypto Diary]
Original video: https://youtu.be/m0ciIAqRVYM]
