Interested to hear what would be your guys methodology to picking out coins which have the potential to increase in value by 100X?
For me, it would be;
1) coins that have a coin circulation of 100 million (100,000,000) as the more coins available the less impact a surge of buyers will have on the coin.
2) coins that are currently worth less than 1/10 of a cent (0.00099999 max)
3) Coins with recent social media interactoin
4) Coins that have not yet had a substantial price increase and dropped back down?
5) Coins that are offering a unique service which is not offered by many other coins
6) Listed on at least 1 of the following exchanges - Bittrex, Cryptopia (Poloniex and Kraken etc would not list many of potential 100x coins)
Do we agree with the above? Are there other things that I have missed out?
Obviously there are no guarentees of finding a 100X coin but I am sure together we can all help find
Let me know your thoughts!!
I disagree with all except 4 and 5, the number of coins in circulation is irrelevant as the price already factors in the current supply. The same for the current price, a more reasonable metric for 1 and 2 would be the marketcap which combines both.
As for 3 Social media doesn't define a coin but good communication does, a blog and a slack is enough for this.
I agree on 4 in the sense that if a coin has pumped too much its already used up all its potential.
5 is really where you have it, they need a unique concept that will drive the fundamental value of it up then it will pump naturally rather than just being a quick pump and dump coin. But to add to this they need a team that can really deliver so you should look at whether they have kept up with their promises and their background
As for which exchanges its listed on its also irrelevant as good coins will eventually get listed regardless of where they are already found.