The year 2017 made the first wave of crypto multimillionaires. Anyone who invested in Bitcoin (BTC) in 2013 or earlier made good money. It was a 5 to 6 year wait that paid off big time with Bitcoin (BTC) peaking at $20,000 in December 2017. While the next Bull Run may come earlier than in 5 years, it would be best to factor in such a possibility. In 5 years, Bitcoin (BTC) could easily be trading at upwards of $100k. In the altcoin markets, there are some cryptos that also hold the potential to give exponential returns in the next 5 years or even less. Some of these cryptos are IOTA (MIOTA) and Vechain (VET).
IOTA (MIOTA) may be trading below $0.40 for now, but it is definitely a crypto that has the potential to trade at upwards of $10 within the next 5 years. That’s because, it is gaining in strength in a market that will influence all spheres of life in the 2020s, and for decades to come. That market is none other than the IoT market.
The infrastructure for large scale adoption of IoT is being developed, as 5G networks slowly become a reality all over the world. The use cases for IoT are also on the rise, backed by fundamental issues like climate change. For instance, studies show that connected smart cities could help in the fight against climate change.
This presents an opportunity for IOTA to flourish since it has been tested in smart city initiatives in Taiwan and in the EU. A mass rollout of this technology within the next decade could see IOTA (MIOTA) explode in value. Smart cars, as a solution to climate change, are also coming up. Already, companies like Volkswagen are already working with IOTA (MIOTA) towards this goal. As these goals become reality, IOTA (MIOTA)’s demand will grow too, making its potential to trade at $10 and above quite high.
Vechain (VET) is another crypto that could gain massively in the next 5 years. Like IOTA (MIOTA), the market for this crypto is getting better by the day. One of its strongest points is in the luxury goods market. This multi-billion dollar market is constantly dealing with the problem of counterfeits. Since this problem is not going away any time soon, blockchains that can help corporations deal with it stand in a good position for growth going into the future.
Vechain, through proprietary RFID technology could be a solution to this problem. In 2018, Vechain got a runner’s up award for this innovation in an LVMH award. This goes to show that the luxury goods industry is beginning to appreciate Vechain (VET) for its innovation. This is a clear path to growth for Vechain in the long-haul, and could see it become the standard, not just in the luxury goods market, but in other industries as well.