At this point in time, there is consensus that cryptocurrencies have a future in the new tech-driven economy. Otherwise, Wall Street would not investing so much in setting up systems to allow for institutional crypto investments. But for most people who didn’t invest early, and don’t have much to invest, it makes sense to look into high potential cryptos that offer good potential for returns. Such coins would in the long-run offer better returns than holding a miniature piece of bitcoin (BTC). For instance, for someone who just has $100 to invest, putting that money in Bitcoin at this moment would give you roughly 0.01 of BTC, or even less. The potential of this money changing your life in any way is limited, even if bitcoin hits $100k at some point in the near future. However, if the same amount were to be invested in a high potential coin that is worth pennies at the moment, you would get a huge return if such coins make a run for it and test a dollar.
But someone can argue that it would give an even higher return if that amount would be invested in an ICO. The only problem is that the ICO game is so 2017. Most ICOs are now bleeding money, and many have lost over 90% of their valuations. That’s why the most viable option would be to look into high potential coins. At current market prices, there are two coins that perfectly fit the bill for such an investment.
At the moment Dogecoin (DOGE) is trading at around $0.002. This means that with just $100, you would gain possession to over 50,000 coins. That’s a sizeable amount of coins and if Dogecoin hits just $0.50, you would be sitting on a cool $25K. It’s not much, but it’s a huge return for the amount of money invested. But is there a realistic possibility of Dogecoin ever getting to this price level? The answer is yes. Dogecoin is one of the few cryptocurrencies that can be used as a currency for everyday transactions. It is fast, and extremely cheap to send money from one account to another, which is exactly what merchants need in a cryptocurrency. Besides, Dogecoin (DOGE) is increasingly more accessible to investors, as more exchanges are listing it. These factors will in a few years drive up the value of Dogecoin, giving it a realistic chance of hitting $1.
Like Dogecoin, Reddcoin (RDD) is another high potential coin that has the potential to multiply $100 into a sizeable holding in the future. Reddcoin is also trading at around $0.002, which also translates to around 50,000 coins. If it ever hits $0.50, you would be sitting at a cool $25k. Reddcoin’s use-case in the market is quite strong, especially in social media tipping. As people become more concerned about how social media platforms use their data, it will get to a point where a revenue sharing model would be the best option. If that happen, it is fast, and low transaction cost cryptos designed for micropayments that would be most ideal. Reddcoin happens to fit the bill quite perfectly. Such adoption would push Reddcoin to $0.50 or even more.