Two Early-Stage Cryptocurrencies Already Growing Faster Than Bitcoin
As I write this, the price of a single bitcoin (BTC) is just a hair under $17,300.
That's triple from just a few weeks ago, when prices dipped below $5,500 for a few brief hours before rebounding to new all-time highs.
At the rate we're going, by the time this article is published, Bitcoin could be selling for $18,000... or even more.
If you think this sounds like an insane trajectory for any commodity to take, trust me, you're not alone.
Nobody in the investment world has seen such a fast-moving yet widely accessible and highly liquid investment vehicle come around... ever.
With a market capitalization of $280 billion, Bitcoin is now on par with some of the world's biggest companies, and some analysts are now predicting that it could double, even triple from this point.
For those who have been holding the cryptocurrency since it was trading in the hundreds of dollars, or for those rare individuals who have owned bitcoins even earlier when they were trading for single dollars or even fractions of a dollar, this run-up has been life changing.
However, for those who are only now eyeing Bitcoin in hopes of catching a ride on the profit train, I have bad news for you...
Growth Spurts: They Don't Last Forever
Bitcoin may continue to grow, but from this point on, you can forget the thousand-percent gains.
Another $1,000 leap in price may feel significant, but the fact is, at this point, that's less than a 7% improvement.
And looking at it from a market capitalization standpoint, the transition from $19 billion (this past February) to today's value of $280 billion is going to seem like a walk in the park compared to the transition from $280 billion to $4.1 trillion — which is what it would take for new investors to mirror the gains that existing Bitcoin holders have seen over the past 10 or so months.
It's simply not going to happen.
The early adopters and investors always make the big bucks, and by the time a story goes mainstream — which Bitcoin clearly has — it's too big to keep expanding at the rate it did in the early days.
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Stop Living in the Past: Bitcoin 2.0 Is Already Here
So, what would a smart investor do today if he wanted to recreate the success of Bitcoin's early investors?
He would go to the long list of other cryptocurrencies out there and look for one with the same characteristics as Bitcoin, with one exception: price.
From the long and growing list of alternative cryptocurrencies, or altcoins, on the market today, only two fit this description.
They're both cheap — one trading just over $2 and the other for less than $0.50 — and both have market capitalizations hundreds of times smaller than Bitcoin.
Now imagine having $12,000 to invest. You could either own one bitcoin, which may or may not double in value again, or you could own 6,000 of another currency whose "mania moment" is still months, even years off.
Or how about 24,000 coins of an even earlier-stage cryptocurrency, whose long-term potential, coin for coin, mirrors that of Bitcoin?
If either of these two altcoins grows to even 10% of Bitcoin's current price, you would be looking at a payday of $6.6 million in the first scenario and a mind-blowing $26.4 million in the other.
Sounds crazy, I know, but guess what? There are plenty of Bitcoin holders who are cashing in even bigger sums as we speak, which means these outcomes are actually not outlandish.
So the next obvious question would be: When do I expect these altcoins to start growing in price?
That moment, I hate to say it, looks like it's already here.
You've Seen How Fast Bitcoin Moves... Don't Miss the Next Bus
In the past two weeks alone, these two alternative coins have gained an average of 40%, outstripping Bitcoin itself.
You heard me right, folks: Over the last few weeks, these altcoins, trading for thousands of times less than Bitcoin, have been outpacing Bitcoin's growth on a percentage basis.
To me, that means we might be heading into a new mania...
A mania you wind up not chasing, or worse yet, missing altogether.
I saw this coming a while ago, and I have just finished producing a detailed report that explains why these early-stage cryptocurrencies are the best second chance at Bitcoin-caliber profits.
The report includes a detailed how-to, complete with a tutorial video that explains how to purchase, sell, and cash out your cryptocurrency investments.
I highly recommend you check out this report ASAP for two reasons:
- This opportunity shrinks with every penny each of these cryptocurrencies gains.
- The report is yours free.
Fortune favors the bold,
Coming to us from an already impressive career as an independent trader and private investor, Alex's specialty is in the often misunderstood but highly profitable development-stage microcap sector. Focusing on young, aggressive, innovative biotech and technology firms from the U.S. and Canada, Alex has built a track record most Wall Street hedge funders would envy. Alex contributes his thoughts and insights regularly to Wealth Daily. To learn more about Alex, click here.
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