The bull market is when investors in the cryptocurrency market Ideal time to take profits. Unfortunately, many people end up losing their hard-earned money due to greed.
Yes, you heard it right - greed is the main cause of losses during bull markets. To better understand this, ask yourself why you didn’t profit from the coins you purchased at the bottom of the 2022 bear market.
Oh, I hear you say it's not time to take profits yet!
Well, don’t get caught up in the excitement of the bull run, as Bitcoin has risen from $15,800 to over $52,000. So if you are new to the market, I regret to tell you that you are too late.
However, you can still make some crazy money investing in micro-altcoins and I’m here to show you my top 5 hidden crypto gems, To help you make the most of the current bull market.
But before investing, make sure you have an exit strategy.
Plan your exit strategy
In 2022 During the bear market, some investors bought Solana for less than $10 and received over 1,000% returns on their investment, but they were reluctant to withdraw their initial capital even when the market was extremely bullish.
What surprises me is that even if Solana reaches $1,000, someone with this mindset may not sell for fear that they will miss out on potential returns. Eventually, they will ride the wind and waves to reach the peak of the bull market, and then ride the wind and waves back to the bottom of the bear market. I guess you don't want to be in this situation.
I was in this situation during the 2021 bull market and learned it the hard way. This is why I always recommend taking profits when the market is bullish, even though some people don't like this advice.
Now if you decide to take profits those same people will laugh at you and call you a loser or a poker player for selling part of your portfolio . But I don’t care about them anymore because I’m here to make money.
What is your motivation for investing in cryptocurrency?
Unless you plan to hold and support the blockchain revolution, you should keep taking profits when the market is bullish.
Sincerely, I am not here for the technology; I am here for the technology. I'm here for the money. Therefore, I will continue to profit from my altcoins in addition to Bitcoin and Ethereum to avoid a repeat of 2021. So define your goals, follow your exit plan, and stay objective.
Maximize your return on investment even if you are late to the market by investing in crypto gems like Moonwell, AIPAD, Qredo and two more on my list ;However, it is important to stay focused and go with the flow.
Don’t be bearish in a bull market
For example, in January 2023, when Bitcoin’s A few, like Peter Schiff and other crypto bears, discouraged people from investing in Bitcoin when the price was still below $18,000.
They joke about Bitcoin, claiming its value will fall below $10,000.
However, this did not happen. Instead, Bitcoin resumed its bullish uptrend, proving the bears wrong. So if you find yourself in a bullish market, don't be like Peter Schiff and remain bearish.
5 Hidden Crypto Gems to Make You a Millionaire in 2024
Next, let’s discuss me Top five (5) hidden crypto gems researched by my team that can make you a millionaire in this bull market.
Please note that cryptocurrency investing has risks and this is educational content, not financial advice. Therefore, only invest the amount you are willing to gamble. Now, this is the coin that made it onto my list.
HELLO Labs (HELLO): The future of cryptocurrency and entertainment
HELLO Labs (HELLO) is a company focusing on games and entertainment Web3 ecosystem companies. It creates, incubates and distributes exclusive television shows and games. HELLO is the native token that acts as a golden ticket to unlock products and services within the HELLO Labs universe.
Market value: >$50 million
Total supply: 1,000,000,000 HELLO
Potential target: if HELLO copy The bullish structure of SAND's 2021 bull market could reach $12.84 (155.92x) at the market peak.
Future Catalysts: HELLO Labs airdrops, cross-chain ambitions, entertainment, gaming, and partnerships with Moby Media and MarketAcross.
HELLO is a hidden gem with huge potential returns and is not yet listed on any major cryptocurrency exchange. So you're in the early stages. However, please do your research before investing in HELLO tokens.
AIPad: Leading the Artificial Intelligence and Cryptocurrency Revolution
AIPAD is a revolutionary launchpad incorporating artificial intelligence and the power of cryptocurrencies. It aims to redefine the cryptocurrency landscape and has bullish fundamentals amid the current bull market.
AIPAD is poised for growth with the potential for increased utility, adoption, exchange listings, partnerships and positive market sentiment.
Buy AIPAD at KuCoin
If AIPad replicates SFUND’s success during the 2021 bull run, So a $500 investment today could bring over $16,000 in the future (33x ROI). Therefore, I recommend adding AIPad to your watch list as it remains in bear market accumulation territory.
Moonwell (WELL): Your portal to easily implement on-chain lending
Moonwell (WELL) is a Base Lending protocols running on , Moonbeam and Moonriver. It offers an intuitive user interface that simplifies the on-chain lending process, making it accessible to both beginners and experienced cryptocurrency users.
As for its potential, Moonwell currently has a market cap of $10 million and a circulating supply of 1.57B WELL. However, its value dropped by 89.83%.
If Moonwell replicates Moonriver's success in 2021, investing $500 could result in a potential return of up to $45,000 (90x ROI) at the peak of the bull market . So do your research and invest wisely.
Qredo Network: Redefining Digital Asset Ownership
Qredo is being reinvented with a breakthrough approach to liquidity and capital efficiency Cryptocurrency Landscape.
As the pioneer of the first decentralized, trustless multi-party computation (MPC) hosting network, Qredo ensures decentralized hosting, native cross-chain exchange and cross-platform liquidity access.
Amazingly, the Qredo Token (QRDO) provides users with unique staking features to enhance participation and network growth.
Market value: US$20 million
Decrease: 99.68%
Circulation volume: 659,883,509 QRDO
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Potential Goal: If QRDO returns to its previous all-time high, you could easily turn a $500 investment into over $155,000 (over 300x ROI).
SmarDex (SDEX) is a tool that uses innovative technology to optimize impermanent loss The DeFi platform generates impermanent returns and provides the best market conditions for liquidity providers and users.
SmarDex has a market cap of $100 million and is poised to revolutionize the DeFi ecosystem. Its revolutionary concept of converting impermanent losses into impermanent gains is a potential catalyst that could make SmarDex a DeFi powerhouse for investors.
If SmarDex succeeds in this bull market, it may reach the same level as Uniswap in the 2021 bull market Medium similar height.
This means that if you invested $500 in SmarDex, at the peak of the bull market you could have made over $111,500 (over 223 response rate). So please keep an eye on this project.
You take home
Remember, invest in Bitcoin and Ethereum $1,000 won't make you rich, but it can help you preserve your wealth. On the other hand, investing in micro-cap altcoins (like the ones I listed above) may help you achieve your financial goals faster.
So, do your research and invest wisely.
My passion for 2024 is to become richer and help my followers achieve financial freedom through cryptocurrency education and investing.
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