Any investor should consider cryptocurrency as part of their portfolio. The technology being created with web 3.0 looks set to revolutionise the way we live our daily lives. With crypto still very much in its earliest days and only around 4% of the entire world’s population invested, now could go down in history as one of the greatest ever times to start investing.
Many cryptocurrencies saw exponential growth throughout 2020 and 2021. If you had invested $1000 into tokens such as Solana (SOL) or Shiba Inu (SHIB) you would be living in your mansion as a multi-millionaire right now.
Three cryptocurrencies that have the potential to see extraordinary results over the next few months and years are XRP (XRP), Chiliz (CHZ) and Mehracki (MKI). Let’s take a look at what makes these tokens stand out from the rest and why a $1000 investment in any of them could make you a millionaire.
XRP is the native coin of Ripple Labs and all of its products. XRP is utilised for payment settlement, asset exchange, and remittance systems that operate like SWIFT, a service used by a network of banks and financial intermediaries for international money and security transfers.
Since December 2020, Ripple Labs have been embodied in a lawsuit with the Securities and Exchanges Commission (SEC) over the reported sale of unregistered XRP tokens in the company’s earliest days. The lawsuit is predicted to come to an end towards the end of 2022 with many believing Ripple Labs will be victorious.
The end of the 2018 bull run saw XRP with the same market cap as Ethereum (ETH). If that were the case today, the price of XRP would currently be around the $6 range. This means that a $1000 investment right now should in theory be worth $12,000.
With the financial system slowly shifting towards decentralisation, the technology provided by Ripple Labs could result in XRP becoming one of the powerhouses of the cryptocurrency world. Within the next couple of years, we could see every major bank and financial institution using XRP to facilitate cross border payments.
CHZ is a cryptocurrency that enables sports fans to participate in exclusive activities with their favourite teams. Chiliz employs blockchain technology to provide a new type of direct involvement between sports fans and their favourite teams, modelled after the socios of Spanish soccer teams, in which a yearly membership grants supporters access to early tickets and voting privileges.
Fans may purchase fan tokens for their favourite teams using CHZ tokens, the Chiliz ecosystem’s native cryptocurrency. Each club that collaborates with Chiliz can personalise the real-world experiences its Fan Tokens offer to holders.
Another feature that is slowly being introduced by Chiliz is sports moments and memorabilia in the form of NFTs. At a recent match between AC Milan and AS Roma, fans were able to purchase special commemorative NFTs in the form of video highlights via the ACM fan token.
The sports industry is one of the biggest in the world. With many fans feeling that owners are distancing themselves from the fans and the traditions of the club, it is possible that blockchain technology could be used to bridge this gap. NFTs and fan tokens provide a great way for fans to feel like they are part of their beloved club as well as allow unique items to be collected. Chiliz is already laying down the foundations for this industry and CHZ could benefit greatly from that.
Since the unprecedented success of Dogecoin (DOGE) and Shiba Inu (SHIB), there has been a multitude of new meme coins released looking for a quick buck. Whilst 99% of these end up being worthless, there are a handful of projects that go the extra mile by providing utility for their users. Mehracki (MKI) is one such coin.
Mehracki is just a few days into its existence having only just launched its much-anticipated presale. With this, you are provided with a chance to buy into a project at one of its lowest prices. In comparison, had you invested $1000 in Dogecoin at the same stage that Mehracki is at now, you would have hundreds of millions of dollars sitting in your bank account.
Meme coins have the potential to go on explosive runs. In just 12 months Shiba Inu grew by a mouthwatering 74 million% without providing its users with any real utility. With MKI you will be able to stake and farm your tokens for rewards and incentives as well as purchase feel good Mehracki NFTs.
If meme coins with no real utility can moon in price then meme coins with utility should in theory moon even further. A $1000 investment in MKI at this early stage could see gargantuan returns if the project picks up traction and gains a following on social media sites such as Twitter and Reddit.
To become a millionaire with cryptocurrency you ultimately need a bit of luck. The markets are extremely volatile with coins going up and down like a rollercoaster regularly. Long term investments tend to be one of the better ways to go. With crypto expected to be more universally accepted by 2025, investing now should see the value of your portfolio worth considerably more if you can wait until then. An investment of just $1000 into coins such as Mehracki could even make you a millionaire.
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