Altcoins
Simple Tips to Spot the Next 100x Altcoin Like NFTFN
While Bitcoin and Ethereum have already exploded, ambitious investors are constantly looking for the next massive altcoin opportunity. Choosing the right timing and jumping into a 100x runner early can set you up for generational wealth.
But how can we identify little-known projects that have this kind of astronomical potential? Here are some key factors to look for:
Pioneering a lucrative new frontier
One of the hallmarks of 100x altcoin games is tapping into a whole new, high-growth market segment. Simply trying to be the next “Ethereum Killer” isn’t enough these days.
Enter a project like NFTFN. Their superpower? Bridging the gap between NFTs and DeFi/crypto finance.
Statistics :
- NFTs Expected to Become a $230 Billion Market by 2030
- But the lack of liquidity and derivatives has hampered growth
- NFTFN’s “SuperNova” Product Provides Affordable Exposure to Blue-chip Stocks Like BAYC
By providing the general public with more ways to invest, trade, and earn through NFTs, NFTFN is pioneering an entirely new segment. And platforms that succeed in unlocking new values like this often experience meteoric rises.
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Supply, speed and deflationary dynamics
Even with a massive new market, you need tokenomics that supports exponential price appreciation for 100x gains. That means:
- Relatively low initial token offering
- Mechanisms for gradually burning tokens and decreasing emissions over time
- Incentives that encourage holding and limit constant selling pressure
Although details are scarce, the NFTFN appears to have thought about whether this dynamic is good based on its public tokenomics.
First mover advantage
In crypto, being even a few months behind can mean the difference between 100x’ing or being equally shorted. Pioneers who successfully assert their rights in an emerging space have a huge advantage.
NFTFN positions SuperNova as the premier NFT index and derivatives product. If they can execute well and market aggressively from the start, they could achieve that all-important first-mover status.
Hype and attention
Even the best 100x projects need visibility and hype to attract capital inflows to propel their market cap into the stratosphere. Signs that an altcoin is starting to gain mainstream attention include:
- Active community on social networks, forums and real meetings
- Constant flow of press, influencers and new partnership announcements
- Relentless marketing from the founders and core team
Although still relatively new, the NFTFN appears to be making the right decisions on this front, thanks to its active Twitter and ambitious marketing plans.
The essential
Finding the next 100x altcoin isn’t easy, but long-term winners tend to share some key traits: being a pioneer in an untapped niche, strong token fundamentals, first-mover advantage, and elite marketing.
For an emerging player like NFTFN that unlocks the NFT liquidity black hole, checking these boxes could be what separates them from the rest of the altcoin pack in the next face melting race.