In this Amwal article, we talk about (How to find cryptocurrencies that may go up 1000x before they become popular?)

Introduction

The cryptocurrency world has become full of diverse projects, with hundreds of new projects being added daily on platforms like CoinGecko. This makes it difficult to find good projects among the mass of projects. Many of them fail or collapse within a few months. However, there are some projects that grow exponentially and multiply in value, eventually becoming some of the most prominent and largest projects in the cryptocurrency market. So how do you find these cryptocurrencies that can go up 1000x before they become famous?

What Cryptocurrencies Are Rising 1000x? 

Cryptocurrencies that see increases of up to 1000x are those that multiply in value by 100,000%, which means that for every dirham invested in these projects, the return could be 1000 dirhams. But how do you spot these projects?

The secret is in the market value:

The idea of finding currencies that may skyrocket is based on Market value For cryptocurrency. Projects that start with a low market capitalization, but have an innovative idea or new technology, can see huge increases if the market and investors are attracted to them.

Examples of currencies that have seen huge increases:

1. Bitcoin (Bitcoin):
   • Bitcoin is the most popular and largest cryptocurrency by market capitalization in the cryptocurrency market. Over the years, Bitcoin has seen significant increases in its value.
2. Ethereum (Ethereum):
   • Ethereum comes in as the second-largest coin by market capitalization after Bitcoin. It has also seen tremendous growth and a significant rise in its value.
3. Currency (BNB)

 is affiliated with the popular Binance platform and is the third-largest coin by market capitalization. 

• Currency (ADA)of the Cardano project. 

These cryptocurrencies have seen huge increases over the years, multiplying their value by more than 1,000 times. Projects that realize such large increases are often called “Cryptocurrency Jewelry" (Crypto Gems)Because these projects are initially unknown, and then start to grow exponentially when they get attention and spread.

Recently, many cryptocurrency projects have been launched that have also achieved significant increases, but most of these projects have experienced sharp corrections after launch

Market capitalization and cryptocurrency projects rising 1000x

When looking for cryptocurrency projects that could go up 1000x, the first thing you should focus on is Market valuenot just the price of the currency.

Many investors make big mistakes when they only pay attention to Currency rate Instead of focusing on Market value for digital currency.

What is market capitalization?

Market capitalization is the result of multiplying Currency rate in Total supply. For example, if you multiply the price of Doug Quinn times the number of currencies currently in circulation, you get 39 billion dollarsThis represents the market value of the currency.

The importance of market capitalization:

Market capitalization is one of the main factors that determine the future growth potential of a coin or project. The smaller the market capitalization of a coin, the greater the chance that its value will multiply exponentially, perhaps by 1000 times. Currencies with a large market capitalization do not experience huge increases as easily.

Illustrative example:

Suppose there is a cryptocurrency project with a market capitalization of 100 Thousand dollarsand you are an investor with an amount of 10 Dollars in this project. If the market value of the project increases by 10 million dollarsthis means that the market value of the project has doubled by 100 once. Thus, your $10 investment is now 1000 Dollar.

In contrast, if you own stock in a company like Apple Its market capitalization increased by 10 million dollarsyou won't feel much of an impact, as Apple's current market capitalization is around 3.4 Trillion dollarsThus, $10 million represents less than 1% of its value. Whereas in a cryptocurrency project that started with a small market capitalization, a $10 million increase could be 100 Weaknesswhich means your $10 investment could yield huge returns.

Is market capitalization the only factor?

No, no. Market value It's not the only factor to focus on when looking for cryptocurrencies that may go up 1000x. Occasionally, cryptocurrencies that Scam and fraudsuch as what is known as "Pump and Dump"where someone buys huge amounts of a cryptocurrency to drive up its price, attracting investors to buy the coin at a higher price, and then the person sells the buyer and walks away with a profit, leaving other investors to suffer losses.

In this case, you should remember that a sudden rise or fall in the price of a currency may be driven by a person or entity that controls the price. A natural rise is usually accompanied by corrections in the price, where the price increases and then drops a bit, then other investors come in to buy the drop and the price continues to rise.