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3 Cryptos to Buy if You Missed Out on Cardano’s 700%+ Gains

3 Cryptos to Buy if You Missed Out on Cardano's 700%+ Gains
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Hello everyone- It has been an eventful week for the stocks. stock meme from AMC Entertainment (New York Stock Exchange:AMC) for Support.com (NASDAQ:SPRT) gained ground while the SPACs moved out; Lucid (NASDAQ:LCID) recently reached its lowest level since May.

Source: Stanslavs / Shutterstock

He called it the stock market version of the “complement effect.” The January meme stock increase was so much fun that investors can’t help but experience short squeezes again. This week, the top 15 short-selling stocks rose 31%, significantly outperforming Standard & Poor’s 500 Gain 0.76% over the same time. SPACs are just collateral damage for inattentive investors.

Of course, like any other trend before, this won’t last forever. I once wrote that AMC is unlikely to break through $75, even with an M Army behind it. Now this is less With leverage than before, that number is closer to $65 (remember, lower leverage decrease potential for gain).

However, those looking for a touch of excitement have plenty of options. charging flash (NASDAQ:BLNK), global beam (NASDAQ:BEEM) And Arkimoto (NASDAQ:FUV) are all very short-cut startups and could become the next meme stock.

Other news

Internet computer (CCC:ICP – US Dollars). Today drops the first NFT from the blockchain protocol, ICPunks. “I didn’t know I needed Juggalo NFT to feel complete until this point,” one Twitter user noted. It’s hard to disagree.

SPRT. Favorite meme Support.com (NASDAQ:SPRT) added another 25% to its 30% gain on Friday. Stocks will continue to rise for as long as Bitcoin (CCC:BTC-USD) Prices do.

MMAT. meta material (NASDAQ:MMAT) jumped nearly 20% on Monday after a brief pressure on StockTwits sent shares higher. However, the inside sale indicates a selling price of $5.50.

Illustration of an astronaut sitting atop the Cardano symbol.

Source: Catalyst Labs / Shutterstock

The next Cardano is already here

It was a special summer for Cardano (CCC:ADA-USD), one of my top picks for cryptocurrency. This underrated cryptocurrency is up 700% since I first gave it a “5 star” rating in January.

As usual, regular investors are late to the game. Once Cardano reached number three on the charts, the audience noticed: Internet search volume for Cardano surpassed both. Ethereum (CCC:ETH-USD) And Dogecoin (CCC:DOGE-USD) by late August.

In order to achieve another 700% rally, Cardano will have to reach a market cap of $1 trillion, a feat that only Bitcoin has. And Moonshot readers will now know that, just like an oversized bed, something big is infinitely hard to grow. To replicate these 700% gains, it is helpful to look at altcoins coming from a smaller base.

Solana (CCC:LEFT-USD). In May, I highlighted Solana and Cardano as “Ethereum Killers” and noted their “strong potential for future gains.” Fast forward three months, and Solana appears to have calmed down, at least from a market perspective.

But don’t be fooled – Solana did better than Cardano. This cryptocurrency has almost arrived double Cardano gains last month, and is now ranked eighth by market capitalization.

In short, Solana has gotten more attention from Silicon Valley than from Wall Street. In June, venture capital company Andreessen Horowitz He led a $314 million funding round for cryptocurrency. The following month, they added another $9 million to digital wallet company Solana ghost. So, even though the work for Solana is over, it’s only a matter of time before finance experts realize what tech experts are doing.

Internet computer (ICP). “ICP remains one of my favorite candidates for the next Bitcoin crown,” she wrote in July. Today, the cost of international comparisons is up 63%, which is three times the 21% rise of Bitcoin.

This is partly because investors are starting to recognize the quality of the ICP protocol. The company is tackling the thorny issue of how to prevent high-use blockchains from growing too large, and some well-known Silicon Valley funds are backing the project.

It is also because ICP is starting to understand the importance of marketing and noise in the cryptocurrency markets. Since I first wrote about ICP, DFINITY has awarded $1 million in grants and plans to release NFT with American hip-hop group Insane Clown Posse. Although the organization has not quite properly understood the marketing formula yet, the question is only when this well-funded project will take off, not whether it is a well-funded project.

Tera (CCC:MOON-USD). Have you ever noticed that very few people use cryptocurrency to settle daily transactions? Companies from Coinbase to PayPal have struggled to tame Bitcoin’s high transaction costs and speeds so slow that they can be used to buy a cup of coffee.

Meanwhile, Terra rammed forward. The cryptocurrency, backed by South Korean firm Terraform Labs, acts as a bridge between stablecoins, “synthetics” and other cryptocurrencies – just like fiat currencies.

And that’s the point: Terra wants to exchange the cash in your wallet. The Terra ecosystem offers a stable currency that provides instant settlement at low costs. “Synthetics” means that investors can buy stocks and other assets without turning to cash (I can feel the IRS wringing their hands in a state of worry already).

And the best part? Terra is currently $13 billion in the market, and Terra looks a lot like Cardano before the latter made it to the moon.

Illustration of an astronaut wearing a headset and holding a video game controller.

Source: Catalyst Labs / Shutterstock

SafeMoon wallets and game codes

When SafeMoon (CCC:SAFEMOON-dollar) her wallet over the past weekend, was supposed to be a coup against the most popular cryptocurrency on Twitter.

Instead, the event was a failure. The wallet encountered serious technical issues within the first 30 minutes of launch, which immediately drove SafeMoon’s price up by 20%. Binance token is now down nearly 90% since it first warned investors about the hidden risks of the token.

Game-related tokens have also been drowned out. Davey Legends (CCC:DLEGENDS-USD) And Alpha Combat (CCC:kom dollars) has followed Zoo – the world of crypto (CCC:ZOO-USD) in the negative region. Every three quarters or more.

In a sense, these sunken cryptocurrencies have one common theme – the desire to be the next hot meme. In the case of SafeMoon, the yearning for single Dogecoin has created an alternate reality on Twitter where well-produced marketing videos have become more important than code quality. As for second-tier game icons, it seemed to be a repeat of success Axi Infinity (CCC:AXS-USD) And decentralization (CCC:mana-dollar).

Regardless, these assets continue to prove the point: when all crypto boats are lifted by rising tide and popularity, only those with basic quality will remain afloat.

Who wants to win the gaming code lottery?

1,500% It has been back on Axie Infinity, a crypto gaming token, since last November.
154 Number of crypto game tokens tracked by CoinMarketCapIt is a cryptocurrency aggregation site.
6 The number of game tokens that have doubled in value (or more!) in the past week.
79 The number of gaming tokens that do not have a significant market capitalization.

Interesting readings

Joanna McCris sitting with Infrastructure TeraWatt CEO Neha Palmer to discuss the future of electric vehicle stocks.

Quantumscape (New York Stock Exchange:QS) dropped below $20 for the first time this year. Will Ashworth writes why battery starters are now a “buy” in his book.

part of Lucid (NASDAQ:LCIDLockdown expires today. Here’s what you need to know about investing in an LCID, according to Nick Clarkson.

And finally, Luke Lango talks about flying cars – yes, the ones you’ve seen at the Jetsons. If all goes as planned, we could start seeing production models as early as 2024.

For collectible NFTs, I’d rather be lucky than smart

In 2017, a project based on Ethereum caught my eye. After an hour of trying to get the MetaMask to work, I was finally the proud owner of $200 Cryptokitty – one of the first NFT projects ever developed for the Etherum blockchain.

I was eventually going to sell it for $350 before Ethereum crashed into the 2018 survey. And boy, I felt lucky. Fast forward three years and Cryptokitties are forgotten.

Today, Cryptopunks are taking center stage. One lot – Cryptopunk #7243 – resold for $642,652.69 last week and brought the lucky owner 10,000x in profit.

In a sense, the result may have been expected. Cryptokitties reproduce indefinitely by design; There are now millions in existence. On the other hand, only 10,000 digital currencies have ever been made. An imbalance between supply and demand means that each can equal six figures.

But then again, who knows which limited edition NFT will become the next Silver Dollar? With 15,828 different ERC-721 token nodes on the Ethereum blockchain (most of which are of questionable technical merit), even art scholars will find it hard to predict which project people will eventually like.

So unless you’re buying in order to appreciate art, beware. For everyone who has taken advantage of Cryptokitty like me, there is someone else on the other end who paid $350 for a JPEG that is now worth pennies.

Note: Want to learn more about cryptocurrencies? Feast? Options? Leave me a note at moonshots@investorplace.com or connect with me on LinkedIn and tell me what you’d like to see.

FREE REPORT: 17 Reddit Penny stocks to buy now

Thomas Yeung is an expert when it comes to finding fast-paced growth opportunities on Reddit. He recommended Dogecoin before it soared over 8000%, Ripple before it soared over 480% and Cardano before it soared over 460%. Now, in a new report, he has named 17 of his favorite Reddit stocks. Order your free copy here!

At the date of publication, Tom Yeung did not (directly or indirectly) hold any positions in the securities mentioned in this article.

Tom Yeung, CFA, is a registered investment advisor with a mission to make the investing world simple.

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