A new all-time high of $69,130 was recently achieved by Bitcoin, breaking its previous one of $68,976. While ETH is only $1,000 off its previous all-time high, it is giving us all the green color effect and a pumping sensation that we all deserve. Could you imagine that, depending on your portfolio value, the worth of portfolios is increasing by hundreds or even thousands of dollars? I've been screaming for a while now, and I just saw my WEN token pump 100% in value. Many tokens have dropped so much from their previous all-time high that it would be prudent to purchase them now in order to participate in the upcoming pumps.
The majority of cryptocurrencies are 90% below their all-time high (ATH), so if you purchase any now, you could potentially profit by a factor of ten. Using Steem as an example, its current value is $0.289, but if you look at the ATH, Steem's ATH is $8.57, which is 96% below the current price. If you purchase $1000 worth of Steem now, your $1000 worth of Steem will be worth $29,421 when it reaches $8.57 again, meaning you will have made an additional $28,421. Who knows, perhaps this time, Steem will reach a new all-time high. Some currencies that I have on my watchlist appear to have a great chance of achieving a profit of more than 1,000%.
Bitcoin hitting a new ATH has given the signal of the bull market, but because of Bitcoin high price and huge market cap, anyone investing in it today won't profit much unless they buy with big amount of bitcoin. To make money in this bull market, the best thing to do is to buy or invest in assets with low or small market capitalization. The price of those assets are relatively cheap and have a higher chance of pumping 10X than bitcoin. Investing in them will probably yield large gains for you.
Bitcoin has more than 1 trillion market cap, for it to X2 it needs an additional 1 trillion dollars. This is very huge and will take time. We have assets with a $1 million market cap and can easily go $10 million or $100 million, which is an easy 10 to 100X.
The bull market we have been anticipating is finally here, keep accumulating and don't forget to do a proper research before investing your money in any project or coin.
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***This post is just for blogging purpose, and it's not a financial advice, invest what you can afford to lose even if you want to invest in crypto, ensure you apply proper risk management and don't forget to always take profit***.
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Posted using SteemPro Mobile
