I want to invest in altcoins, but on undervalued coins,
The common wrong step taken by newbies entering the market. May I guess the reason? Is it because your capital amount is smaller than 1BTC worth of fiat? Because you cannot "buy" one complete bitcoin in round figures are you taking this step?
Let me remind you that you can buy fractions of one bitcoin upto eight decimals. Dont make the mistake of cheaper altcoins. They will never be giving you a profit worth of putting your time in.
Where did he say anything about investing in low price/coin projects? Nowhere. He wants to invest in undervalued coins ... means that coins that its value is higher than its price. For example BNB a while ago:
So we are saying about $ 515 million of pure profit.
This gives us P/E ($ 2.4 billion/$ 515 milion = 4,66)
The average P / E for nasdaq companies (probably the best comparison, because they are the most popular technology companies) is 20! This means that if BNB were listed on nasdaq, its price should increase 4,3 times. https://www.nasdaq.com/symbol/ndaq/pe-ratio
The average P / E for S & P500 companies is 22.
https://www.multpl.com/s-p-500-pe-ratio/table/by-yearThis means that BNB FUNDAMENTALLY is undervalued.
Lets continue the analysis of BNB fundamentals. We know that it is undervalued based on P/E indicator. That makes it good long term investment product. Now i'll try to show you that it is the best coin to invest in if you are looking for POS coins to set masternode.
SUM = 300$ ~ 20 BNB - That's a return from holding 200 BNB for 2 months. 10% return in 2 months - 60% annually
So why is BNB the best coin to invest in while looking for coins that bring passive income (masternode coins)?
1- BNB is fundamentally undervalued
2- BNB is top 10 CMC - big coin emitted by market leader
3- BNB has one of the largest annual ROI from top 100 CMC
(DASH 6%, NRG 57%, Nuls 10%)4- min investment to take part in all activities is 50 BNB -750$
(DASH 49 000$, NRG - 19 000$, Nuls 5600$)5- Most MN coins supply grow with every block minted. If you are stacking those coins you are increasing your portfolio but total supply is growing too. No one is taking this into consideration. People see 10% annual return but they dont see 6% inflation what sum to (in simplified terms 10%-6%=4%) 4% annual return. BNB's supply is decreased every quarter with coin burn.
6- To cash your income you need to dump coin that you are stacking (that dumps price). If you are stacking BNB you are not dumping BNB to cash your income. You are dumping bunch of shitcoins.
And thats not "common wrong step taken by newbies". Its the best practise that hardly any is practicing. Even people with few years experience with crypto trading. They still fallow news, short term hype events etc and buy shitcoins with 0 user base, 0 value evaluated at bilions. No one tries to estimate value of project, compare it with price and call it "undervalued" or "overvalued".
I want to invest in altcoins, but on undervalued coins, what do you think if I buy XLM, Will it go hight when the market is bullish now? Can XLM rise to $2 by the end of this mont?
Where was XLM during defi bubble? Does it have even 1 high volume DEX like uniswap or pancakeswap? Does it have even 1 reliable bridge?
Where was XLM during NFT bubble?
Do XLM have even 1 working smart contract with decent user base?
Whether XLM is used by anyone other than XLM investors?
Where was XLM during 2017-2021 period because it looks like that slept last 4 years. All they did in last 4 years was diluting XLM by huge keybase airdrop.
All this makes me fill that XLM is slowly dying and for sure is not undervalued. $8,059,840,611 for project that looks to be dead is way to much especially that its competitions are taking the lead more and more