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The secret of the best performing crypto traders is that they know how to keep a secret. They will invest in a cryptocurrency before everybody else finds out.

And from that point, the hype can begin.

The thing when you're an early bird is that you buy into a cryptocurrency at a discount price.

And when you buy so low and wait for it to grow, you have a lot of room for market fluctuation.

Imagine that in March 2020, Bitcoins price had gotten so low that some people bought it for 5,000 USD while the market was in extreme fear.

Those traders then waited for Bitcoin to rise in value, and to everyone's surprise, in April, BTC rose over 65,000 USD.

In June 2020, we saw BTC under 40k, but those that caught Bitcoin on sale can wait very well for it to go to a new all-time high.

And let's say BTC is tumbling down. Those that bought it for 5K are still in profit even if BTC goes down to 6k.

And aside from Bitcoin, which is the most popular cryptocurrency, let's take Polkadot. Even though Polkadot is a WEB3 Foundation project, you could barely hear anyone talking about the project back in August 2020, when it had a price of less than 3 USD. But it became viral once its price rose over 20 USD, reaching the top 10 cryptocurrencies by market cap.

And the examples can continue all day long, but let's not stretch this article pointlessly.

Believe it or not, Dogecoin is the cryptocurrency everybody knows about, but most traders won't invest in it because it's "just a meme" altcoin.

And who could blame them? On January 1st, 2021, Doge was valued a little less than half a penny.

Furthermore, they all knew that some guy, namely Jackson Palmer, photoshopped the doge meme over a coin and created a whole fake cryptocurrency brand to mock the greed in the market and the clone coins popping out everywhere.

Indeed, Dogecoin became a real cryptocurrency, being implementing over a Litecoin fork. But even so, the project was never thought out to scale.

Most crypto enthusiasts used it to play around with a less intimidating cryptocurrency and to tip other Reddit users.

People would remember Dogecoin every once in a while, especially when Elon Musk would tweet about it. But that wasn't more than a bit of hype.

Even with significant growth from 0.002 USD to 0.005 USD, Doge would still be dismissed.

However, Dogecoin showed that a meme has more power than any kind of reasoning.

The Dogecoiners started getting behind the meme and pushing it to 1 USD without anyone realizing what's going on.

By the time the whole cryptocurrency world had realized what's going on, Dogecoin rose over 1 cent.

And the trend prevails even as cryptocurrencies have calmed down a little. The altcoin nobody is telling you about yet follows the path Dogecoin open is called Garlicoin.

Garlicoin is a cryptocurrency started back in 2018 by a Reddit user, DigitalizedOrange, who published a post titled "If this post gets 30,000 upvotes, I will make a garlic bread cryptocurrency called Garlicoin,"

The cryptocurrency is based on the garlic bread meme, which was especially popular at that time. And speaking of memes, did Elon Musk send a secret message to the garlic community? I guess thats something we will never find out.

The Garlicoin community has recently increased its activity on Reddit, and the memes have started flowing once more with a funny community-based vocabulary such as tasty garlic bread fresh out of the oven, an unofficial garlic anthem, and a monthly meme challenge.

And as the community gets bigger, the support for GRLC increases. From 0.01 USD, the price has risen over 0.1 USD, and it's increasing steadily.

And considering that Garlic has a max supply of 69 million GRLC and a market cap of 7 million USD at the price of 0.1 USD, the project can easily reach new all-time highs as the community grows.

Visit link:
Garlicoin - The Best-kept Altcoin Secret - Cryptonews

Be it any asset class in the world, I have always followed the value investing approach. In the world of meme coins and meme stocks, value investors seem to be bit out of place. I do agree that investment strategies need to be dynamic. However, I am still struggling to find a good reason to consider exposure to meme coins like Dogecoin (CCC:DOGE-USD).

Source: vasilis asvestas / Shutterstock.com

Dogecoin has surged by over 12,200% in the last 12 months. And these returns are at a current price of nearly 31 cents. At the beginning of May, Dogecoin touched a high of 73 cents.

Even at current levels, Dogecoin has a market capitalization of $40 billion. Ford (NYSE:F) currently trades at a market capitalization of $59 billion. Therefore, when Dogecoin was trading near all-time highs, the altcoin had a market capitalization that was higher than F stock. This is an example of the level of frenzy.

If I do ask a Dogecoin investor on the reasons for the rally, the most probable answer is the backing by Elon Musk. Its a series of tweets over time that spurred Dogecoin to all-time highs. Of course, the CEO of Tesla (NASDAQ:TSLA) claims to be holding Dogecoin. However, thats not reason enough to consider exposure to a meme coin.

Dogecoin investors will also talk about the possibility of wider adoption of the cryptocurrency. I would rather be invested in Bitcoin (CCC:BTC-USD) and Ethereum (CCC:ETH-USD) if I am bullish on wider adoption of cryptocurrencies.

If I had to buy an altcoin, I would rather be invested in Polygon (CCC:MATIC-USD) than Dogecoin. Polygon is a non-speculative altcoin that addresses the challenges related to high fees and lower transaction per second in Ethereum. With the growth of decentralized finance, Polygon seems to have a bright future.

My only point is that there are possibly dozens of altcoins that have strong use cases. I dont find a reason to be invested in Dogecoin, which seems to depend on Musk for survival.

In the last rally, Bitcoin surged to a high of $64,800. A sharp correction followed and Bitcoin briefly slipped to near $30,000. It goes without saying that if Bitcoin and Ethereum decline, altcoins will have a sharper correction.

There were two reasons for the big correction. First and foremost, Chinas clampdown on cryptocurrencies impacted sentiments. Further, Musk opined that Bitcoin was not really environment friendly. Considering the significant electricity consumption.

Last month, U.S. Treasury also called for stricter cryptocurrency compliance. The Treasury believes that cryptocurrencies pose tax evasion risk. It seems very likely that the U.S. will regulate cryptocurrencies in the foreseeable future.

With the decentralized world facing the risk of regulations, cryptocurrencies are currently in an uncertain zone. In these times, it might not be a good idea to invest in a meme coin. I believe that further correction might be coming for Dogecoin as a current market capitalization of $40 billion looks unreasonable.

Bitcoin has also been talked about as an inflation hedge and a store of value. Thats understandable to some extent with the cryptocurrency having a limited supply of 21 million.

On the other hand, Dogecoin has a circulating supply of 130 billion with no upper limited to the amount of coin that can be mined. Clearly, the altcoin is significantly inflationary in nature and might not serve as a store of value.

Overall, it seems that the only hope for Dogecoin are tweets from Musk. One hope for the altcoin is a possible new that Tesla will accept Dogecoin as a payment method.

Therefore, investors can still consider some speculative exposure. However, it might be too risky to go overboard on this cryptocurrency.

On the date of publication,Faisal Humayundid not have (either directly or indirectly) any positions in any of the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.comPublishing Guidelines.

Faisal Humayun is a senior research analyst with 12 years of industry experience in the field of credit research, equity research and financial modelling. Faisal has authored over 1,500 stock specific articles with focus on the technology, energy and commodities sector.

Link:
The Future of Dogecoin Is In the Hands of Elon Musk - Investorplace.com

Crypto trader and investor Lark Davis is eyeing massive gains for one large-cap altcoin.

Davis tells his 386,000 Twitter followers that layer-2 Ethereum scaling solution Polygon (MATIC) is set to accelerate its upward ascent.

$5 MATIC is coming, will carve off some more profits there!

MATIC is up over 7,000% since June of 2020, but evidently Davis thinks gains of over 200% are still in the cards for the popular coin.

This week, Davis also revealed his updated investment portfolio. Davis holds the majority of his portfolio in Bitcoin, Ethereum, and USDC.

30% of the traders portfolio is in a variety of altcoin projects.

Of the altcoins that Davis holds, his top five investments are smart contract platform Polkadot (DOT), MATIC, scalable blockchain platform Elrond (EGLD), cross-chain liquidity solution RAMP and decentralized derivatives platform Injective (INJ).

In a separate tweet, Lark reveals he also owns Cardano (ADA), but it is not in his top five altcoin holdings.

Davis also holds 10% of his portfolio in the traditional stock market and 3% in gold and silver.

Featured Image: Shutterstock/stockphoto-graf/andrey_l

Excerpt from:
One of the Years Top Altcoins Set To Soar 230%, Says Crypto Trader Lark Davis - The Daily Hodl

The popular YouTube-based crypto outlet Altcoin Daily is naming Bitcoin, Ethereum (ETH) and Cardano (ADA) as the top three crypto assets for 2021.

In a new video, Altcoin Daily host Aaron Arnold explains to viewers why hes bullish on top cryptocurrency Bitcoin, top smart contract platform Ethereum and Ethereums close competitor Cardano as the crypto market works to recover from its late-May crash.

The trader notes that though many projects, including the three mentioned in the video, have significantly increased in value over the past year, there are many opportunities for investors to increase their wealth with the right crypto picks.

There is so much opportunity in cryptocurrency right now. If you missed out on the early years of the internet, you better cherish the early years of Bitcoin, decentralized finance (DeFi) and crypto right now. And just like the early years of the internet, this opportunity will not last forever.

On Bitcoin, Arnold is bullish on the flagship cryptocurrency even as it struggles to regain the $40,000 price level and the Bitcoin fear and greed index remains in the fear zone.

When there is fear in the market, this is an opportunity for greater opportunity and there is fear in the air.

Arnold adds that the current sentiment in the crypto markets is nothing like it was during the crash of 2017, at which point everyone expected a short cooldown period before another leg up that never came.

Additionally, the Bitcoin taproot upgrade is coming up, which will help keep Bitcoin in the news. The upgrade will enhance Bitcoins privacy, speed up transaction rates and reduce the quantity of data stored and transferred on the blockchain, says Arnold.

Ethereum also has an upgrade coming up in 2022, notes Arnold, which will keep the asset in the news. ETHs new version will not only capture a lot of the ETH supply, as people stake their Ethereum on ETH 2.0, but will also increase the efficiency of the blockchain as the platform moves from a proof-of-work to proof-of-stake consensus method.

Additionally, much of ETHs supply is locked up in popular DeFi platforms, causing a further supply crunch for the asset, adds Arnold.

Arnold is also keeping an eye on Cardano heading into the rest of the year, as the platform gears up to introduce fully functional smart contracts in the coming months. The team successfully launched the Alonzo testnet recently, spelling a bullish case for the Charles Hoskinson-led Ethereum competitor.

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Featured Image: Shutterstock/Ellerslie

Original post:
Bitcoin, Ethereum and Cardano Are Top Three Crypto Assets for 2021, Says Altcoin Daily Heres Why - The Daily Hodl

Altcoin signals are known to include every crypto coin except Bitcoin. They are also valuable digital funds that bring outstanding profit once you figure out how to use Altcoin trade signals.

Most popular Altcoins for trading right now include Ethereum, MXC, and the new BNB. Still, knowing which coins to trade is not enough for gaining success. One important thing is to recognize trustable sources of Altcoin signals to use in your trading activity; luckily, places such as Safetrading offer an immense number of channels where the info is true and your odds of making a profit are high.

Perhaps, you have heard of a large number of Altcoin signal providers who promise quick profits and no headache. Still, checking their information isnt always possible and as an inexperienced user, you can easily be deceived.

So, what should you do if youre a beginner and just want a reliable source of Altcoin signals? First of all, let us look at what features to avoid in a signal community. Count them as red lights when you choose a service for getting Altcoin trading signals.

Hopefully, these antitrust peculiarities will help you not to become a victim of daytrade or frauds. In the next paragraph, we will give some advice on receiving reliable signals in Altcoin trading from the Safetrading service.

Now, the Safetrading platform is the place that gathers all the best Telegram channels with profitable signals. On the website, you can view premium places and search them by filters of type, status, term, and exchange provider which adds up to the convenience of use and speed.

Every source is thoroughly checked by the Safetrading team at least once in 3 months to ensure that you get only the best places. These sources share the key information about each Altcoin signal including targets, entry prices, cryptocurrency pairs, terms, and stop loss. Odds of risks is the key factor that is usually a must for these providers of Altcoin Telegram signals.

Each of these channels is quite open and you can check out several pieces of review about it on the web. Depending on the settings of a community, they will send you the details about trading relevant for this day.

Note that most reliable places sharing profitable are paid. The price they sell the proven data would make nearly $30 for a monthly subscription which does not make a big sum, especially when you start trading and compare this investment to the sums you earn using proven data.

Original post:
How Do Altcoin Signals Work and How to Trade Them - Chiang Rai Times