If you are looking for highly rewarding, explosive plays these three coins might be what’s in store for you this year.
SHIB is your high risk, high reward, short term play
SHIB went from $0.000000000056 USD in November 2020 to a staggering $0.00008616 USD in October 2021 which not only was the token’s all-time high the time, but also represented an increase of around 150 million percent.
And while some might see it as a long-term value play due to it being a token running on top of the Ethereum blockchain (and not a coin like its other dog themed counterpart), the reason why people are most likely buying into SHIB is that they expect another massive runup like the one we saw a few months ago.
The potential for an explosive runup is there but the fact is that if SHIB even so much reached the one penny mark, its market cap would be around four trillion dollars, meaning that it would be over the total amount of money in every single crypto out there.
As such, when investing in SHIB it might make it better to not overcomplicate things. If believe in the token’s fundamentals, great. But, if you are simply planning to jump on the bandwagon, do it while being fully aware of your intentions and try to see it for what it is: a volatility play which fits perfectly with the coin’s speculative nature.
XRP is your medium risk, medium to long term play
Buying Ripple now might seem like a somewhat risky move considering the ongoing SEC lawsuit, but it also has the potential to be an incredibly rewarding play.
In stark contrast with SHIB, there are reasons why XRP is one of the only altcoins to remain in the top 10 since cryptocurrency’s inception.
XRP is openly gunning for that #1 spot and its position alone is a solid indicator of its value because, truth be told, not a single project would hold up the way XRP does without having substantial utility, purpose, and/or potential sources of value.
XRP features more fiat pairs that ETH (or even BTC) and if the very same lawsuit which is the source of investors’ restraint had not gone for exchanges directly, it would certainly have incomparably more infrastructure that anything else in the cryptoverse.
ETH is your solid long-term play, but…
There is a scenario in which ETH might also make an explosive move.
As we all know, Ethereum is bound to shift into a Proof-of-Stake mechanism, which in turn means that miners will no longer be needed and will make way for stakers.
With mining out of the picture, the coin’s supply will be affected as less coins will be created to incentivize block proposers.
Consequently, the amount of ETH that is being issued will likely see massive drop and in tandem with staking, a supply crunch might be on the horizon and, with it, an inevitable runup.
Buying Ethereum will always be considered a solid long-term play by many, but having the possible explosiveness is the icing on the cake.
