The virtually limitless upside is what attracts so many people to investing in cryptocurrency. As soon as the next bull-market surge starts, even cryptocurrencies that have previously had 10-fold gains may still have another 10-fold in them. Since so many cryptocurrencies are now trading at astronomically low prices, many of them may recoup prior highs as soon as market sentiment strengthens.
But we’re not simply searching for cryptocurrencies with a chance of appreciating by a factor of two or three. We’re seeking for the kinds of investing strategies that will make you a cryptocurrency billionaire. You might be able to retire early if you pick the appropriate cryptocurrency. The two cryptocurrencies Polygon (MATIC 5.53%) and Chiliz (CHZ -2.67%) ought to be on your radar for investing right now.
The top Layer 2 scaling option for Ethereum (ETH 0.33%) is Polygon, which tops the list. You can get all of Ethereum’s upside potential by investing in Polygon, but at a significantly cheaper starting price. Due to the enthusiasm surrounding the Merge, a project to enhance the blockchain, Ethereum has traded almost as high as $2,000 this summer. Polygon, on the other hand, is still selling for less than a dollar. Given its modest starting price, it may come as no surprise that Polygon’s worth more than quadrupled this summer as investors looked for other ways to profit from the Merge.
The potential that Polygon will have after the Merge is what makes it so fascinating. It’s not simply a leveraged wager on Ethereum, though. Polygon is quickly developing into a very fascinating bet on the future of Web3, the metaverse, and blockchain gaming thanks to collaborations with organizations like Disney. If Disney chooses to involve Polygon in upcoming entertainment endeavors, it is not illogical to believe that a $1 investment today may increase in value dramatically over the following few years.
Another choice that may make you a billionaire is Chiliz, a cutting-edge cryptocurrency utilized by sports teams and organizations to engage their fan bases. Chiliz has increased more than 125% in the previous month, and it appears to be picking up speed as it signs on more and more international sports teams. Chiliz has previously worked with leading basketball, football, and soccer clubs to distribute fan tokens through its platform for fan engagement, Socios.com.
The fan token’s idea is straightforward yet effective: Once you have a fan token, you may vote on team matters, attend exclusive VIP events, and take advantage of exclusive membership possibilities. The value of your fan tokens increases as you accumulate more of them. You must first acquire Chiliz before you can purchase these fan tokens. So you may think of Chiliz as a particular kind of cryptocurrency that also comes with unique benefits and advantages. Chiliz offers investors a massive global scaling opportunity, which is what makes it such an appealing investment. Chiliz, which now trades for roughly $0.20, represents a potential 10-fold return on investment.