The crypto market can be very volatile. It is a risk market after all and its decentralized nature means it will always likely be. Unfortunately, when a lot of investors and experts hear the word volatile they associate it with something negative when in fact, this volatility can be used by investors to make a killing investing in crypto.
To back up our assessment, we are going to look at three coins that were written off before pumping and making investors that bought the dip rich. We are also going to examine five projects that have the potential to explode in the near future, these include Wall Street Memes ($WSM), Sonik Coin (SONIK), Launchpad XYZ (LPX), yPredict (YPRED), and Chimpanzee (CHMPZ).
First, let's look at those three projects that were written off too early. Keep in mind we have just chosen three but there are literally hundreds of examples of this over the last few years.
The second largest meme coin is arguably the best example of a coin that was written off before proving the doubters wrong. In May 2021 Shiba Inu (SHIB) hit at then, all-time high. However, after this, the price tanked and nearly fell to its original listing price.
Many experts decided this was it for Shiba Inu and it would never compete with Dogecoin (DOGE). Fast forward to the end of October/start of November and Shiba Inu pumped to an all-time high that still stands today. The price was up over 125% from its previous high just proving that volatility can work in an investor's favor too.
You will notice that meme coins are probably the best example for this piece. Pepe Coin (PEPE) was a meme coin that the majority thought was nothing but a fad. It pumped out of nowhere and then the price began to decline again. Many 'crypto millionaires' presumed this was the end and declared it dead.
Little did they know the meme coin would pump by thousands of percent and make investors overnight millionaires. What is unique about PEPE is all this happened in a matter of days as the coin experienced more highs and lows in that brief time frame than most projects experience in years.
We could not make a list like this and not include crypto's number one coin. Of course, since it is the largest cryptocurrency it has also received the most premature death notices from both inside and outside the market.
The amazing thing about Bitcoin (BTC) is it has three main peaks and each one has been higher than the last. BTC has nearly followed a pattern where it peaks, the price falls, it then slightly corrects, and then finally it pumps to an all-time high.
So these three cryptos defied the naysayers and ended up pumping to new highs after being declared dead. Now, let's look at five projects that look like they will be explosive candidates as we head toward Q4.
We now have just over a month to wait until the listings begin for the most successful presale we have seen in a very long time. Wall Street Memes ($WSM) which brings with it over 1 million followers across its social media accounts has entered the final stages of its presale. Now the $WSM brand has announced investors will be able to stake-to-earn this meme coin is as explosive a project as it gets.
If we are talking about explosive candidates how can we not include a coin that aims to be the fastest crypto project to reach a $100 million market cap? That project is Sonik Coin (SONIK) and it is the perfect mix of meme coin with utility. Sonik is speedy as it comes and the 40% allocation for staking means the project could just as fast get to its market cap target.
Just the title should be enough to realize that Launchpad XYZ (LPX) is certainly going to be an explosive candidate once it is listed. The people behind the project have realized that although Web 3.0 technology is exploding a lot of people have no idea how it works. Their site will be your one-stop shop for everything from investment tips to the best Web 3.0 games to play.
When we talk about explosive candidates it is impossible not to mention yPredict (YPRED) because of the seriously impressive numbers the presale is boasting. Already 20,000 users are on the waiting list to use this site that will employ the top 1% of AI developers on their trading platform. A subscription service will ensure that the best and brightest want to share their work on the site for investors to make a killing using.
With just over $0.5 million left to go Chimpzee (CHMPZ) is nearing the end of its presale and it is starting to sell fast. No wonder too, a meme and green coin combination certainly fits the explosive candidate category. It will also be the first-ever project that offers Play2Earn, Shop2Earn, and Trade2Earn options to their investors, and on top of that, 10% of their total profits will go to charities that help preserve the rainforest.
So we hope you have learned something from this article. Both parts can actually be joined together. Just because any of the coins we spoke about suffer in the future does not mean they are finished, even if you see people writing that they are.
They have the properties required to be successful both in the short and long term so be patient and even if they do see their price dip this can provide a great buy-low opportunity. They are explosive candidates for sure so believe in them.
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.