Top 5 are back!! As you may know, April was an incredibly volatile month with high falls and high rises, which made picking even 5 coins nearly impossible. We look to be in the beginning of the Alt season which means a lot of the profits from smaller coins will likely flow into the Altcoins (Alternative coins/tokens). Let's get into this week's list.
~Ethereum (ETH)- We've seen Ethereum hit it's ATH this week, but it's far from over. With Alt season coming into swing, we can expect to see a lot of profit being passed onto the 2nd largest crypto project and possibly even the market dominance. Be weary though, there have been Ethereum holders for a very long time who bought them very cheap, meaning they hold a substantial amount of the coin so if these "whales" as we call them, decide to sell their portfolio at a massive profit, we will see some incredible dips, but personally, I think most will hold on until it overpowers Bitcoin.
~Ethereum Classic (ETC)- With 167% gains in just 1 week, this project has caught the attention of many investors, and no one saw it coming. Basically, the old Ethereum network had a lot of problems and pitfalls, so instead of trying to update the blockchain, the developers decided to fork the chain and make the new fork the Ethereum we know today, leaving behind it's old chain and renaming it Ethereum Classic. The reason no one saw this rise coming is because there has been no developments or structuring on ETC since the fork, it's just a relic of a time once gone....so why the sudden boost? Because it's now listed on RobinHood which has become a very popular platform for new comers to get involved in crypto. ETC has the Ethereum brand name attached to it as well as a much more comfortable price tag, which makes it an attractive buy for new people on the market. While I wouldn't suggest holding ETC forever, I can see it making some nice gains as ETH rises.
~VeChain Thor (VET)- VeChain has been a very popular favourite among investors for many years, not just because of it's high and stable price increases, but also because of it's team and their efforts. VeChain has become one of the largest 'supply chain' projects in the Cryptoverse with some of the most impressive partnerships in it's niche. Currently trading just below 20% of it's ATH this project is ripe to explode with the influx of profits coming it's way, especially with rumours of a partnership with a very well known and widely used global company; if this turns out to be who we think it is, investors are going to buying this up like the last Twinkie
~Verge (XVG)- One of the oldest privacy coins in the Cryptoverse with some very profitable partnerships, this project had been on the.....verge.....of a massive breakout.....see what I did there? XVG has been bouncing back and forth from 7c-10c with an ATH of $0.30 ($0.38 AUD), we expect it to reach, if not surpass it. This is a project that proves if you have a good product and a solid team, you CAN go from a $o.000002 value company to almost 3million% in growth. Imagine that...$1 6 years ago would net you just shy of $3,000,000 TODAY!! That's 500,000% per year.....take THAT 'Stock Market'!! Even at it's current value, we can see this coin rising much further in the coming run AND in the coming years, this is a MUST HAVE for any holder.
~Shiba Inu (SHIB)- I'm going to leave you with a risky small cap for the last one on today's list. I don't post small caps often but when I do it's because I truly believe in their potential and this is no exception. It's already reached #19 Market Cap of $11.7Billion (just short of $15Billion AUD) and a fully diluted market cap of double that, which is a monumental effort for a token with a max of 1,000,000,000,000,000 SHIB. They are developing their own Decentralised Exchange as well as some NFT play, but as noticeable as that may be, it's the side projects that caught my eye, Leash, which has only 100,ooo total tokens and Bone, which is yet to be released and is focusing on DeFi which will see the most profits both during and after this bull run cycle. While new projects are VERY risky, they can be quite profitable and using Verge as an example, can be great long term holds. Remember, every project was new once and just because a project is new in this bull run, does not mean it won't be around for the long term. Do your research and make sure you look way below the surface, look at the devs and the team, who they are, what their experience is, what they hold in their portfolios, qualifications, degrees, anything that can set your mind at ease when putting in your investment.
SPECIAL MENTION
DogeCoin (DOGE)- I thought I should touch on this project as it is currently the #1 popular and talked about crypto project in existence right now. With MASSIVE exposure and celebrity endorsements, you might think that this would have been on the top of our list, but there are a few reasons why it's not and I will get to them a bit later on in this article. There are many haters of this project and it's easy to see why, like Ethereum Classic, this project had no use value besides 'tipping' content creators and it's dev team had all but abandoned it; but with the massive influx of investors, the project took on a whole new and completely unintended use....it became a gateway for new investors to get into the Cryptoverse. It gave a light hearted peek through the window to another universe and showed newcomers the possibilities and decentralisation that Blockchain technology can provide. This, coupled with celebrity endorsements caused it to SURGE in value, it's market cap even taking the place of the Defi and DEX giant BinanceCoin (BNB), even higher than that of FORD motor company. So why isn't this on the top of the list? Because it has HUGE risk. Doge is INFLATIONARY, with no fixed token cap, the total supply of this token can only grow, this goes against much of what cryptocurrency is about, although it had good intentions to begin with, it now poses as a serious risk to the value. Just 10 wallets, that's potentially 10 people or less, hold 44% of all Doge, one of which owns 28% which means at any given time, any one of those or all of them could exit the market, flooding the market with their tokens which would severely impact the price. Having said that, this could be a great piggy bank, put your loose change and dribs and drabs into it and who knows, it may end up on the rise before the end of this bull run. Remember to invest in these as if you WILL lose your investment, only put in what you are fully prepared to lose.
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