100 x you say
It is something we hear all the time whether we are in a bull or bear market from fanatical supporters of the many thousands of projects in the crypto space. We have gotten used to this term thrown around willy nilly. Sadly most people do not understand what it actually entails to get a 100 x. There most certainly will be a fair number of these elusive 100x happening during the next bull cycle which looks like the start of that is upon us.
Let’s break down a 100 x
The factors needed to consider this phenomenon are:
This is very important factor. Does not require a lot of explanation. If a project is sitting at $2m MC, it is a lot easier for that to go to $200 MC as opposed to another project sitting at $100m MC and needing to go to $10 Billion MC to 100x.
This wasn’t really needed during the 2017/18 bull run as just about every project went buck wild with massive price surges. I firmly believe that during this next bull cycle this will be a very important factor to consider when hedging your bets.
Let’s look at some of the top 10 on Coinmarketcap at the moment.
So we have Big Daddy Kane BTC sitting at just under $10,000. Many years from now it could very well hit that 100x and sit at $1m but it would need a gargantuan amount of money to flow into it as its market cap would go from $180 Billion to $18 Trillion. A chap called Mcafee once famously said it would reach this milestone by the end of this very year and if not he would chop off his beef tendril. The power of his manhood was too great and he has since backtracked on this bet.
For the sake of not waffling on, I will just use XRP as another example from the top 10. It has become a meme that XRP will hit $589. We all laugh when we see it but there is still a huge XRP holder base that firmly believes it will. So what kind of cash injection will Garlinghouses love child need to hit this stupendous $589. Current market cap is is $12B and the coin price is 27c. Quick maths — An outrageous 2181x with a third world country amount of capital injection of $25 trillion. Do these Ripple plebs ever look at supply. Lots of people think supply doesn’t matter but as per this example it very much does so.
The 100x legends
Here are a few of the best performers that reached a 100 x or more during the 2017/18 bull cycle
Yes, I was ridiculing XRP earlier and it happened to be the best performer in 2017.
1/1/17 — MC $231m — peaked out at MC of $131 billion on 7/1/18. A whopping 561x . Will this happen again? Yes, it will rise but I do not think anywhere near to what it did previously. Also remember that this cycle it will be starting with a MC of $12 billion as opposed to a MC of $231m on its last epic move. Even if history was to repeat itself, you are looking at a max of 11x.
1/1/17 MC $30m — peaked out at MC $16 billion on 3/1/2018. An extremely glorious 533x. Even after that run the team could not keep it together and they are basically bankrupt as I write this.
1/1/17 — MC $10m — peaked out at a MC of $2 billion on 14/1/18. 200x
1/1/17 — MC $17.7m — peaked out a MC of $19B. 1073x
Now for my favourite part of this article. The most fundamentally strong projects with epic use cases, superstar teams, outstanding communities and low market caps.
Let’s start with the godfather of big data which we all know has become the worlds most valuable commodity.
Sitting at a current MC of $17m.
For this to attain the 100x, the MC would need to be $1.7B. Yes, that is one helluva a market cap but when you are partners with the
- United States Airforce
And epic solutions such as
- Bad data — Constellation Network has developed a distributed ledger technology to embrace the vision of a connected world, powered by big data, by creating the infrastructure to securely validate and protect one of the world’s most valuable resources.
- Mobility — Constellation provides a protocol capable of ingesting and organizing data to meet the needs of new mobility technologies.
- Internet Of Things(IOT) — Constellation is working on a protocol infrastructure that will have the ability for devices to securely and efficiently transmit data across disparate networks.
- Healthcare — Constellation aims to solve these challenges facing the healthcare system such as data security and breaches, medical record keeping, combating counterfeit drugs, verifying the integrity of clinical trials, as well as an increased patient demand for data transparency and accessibility.
- Tokenization and distribution of energy — Constellation is leading the path on tokenized solution that will allow consumers and businesses to effectively earn and distribute their energy consumption, minimizing wastage and dismantling the current monopolies of the sector.
And I think it is safe to say that Constellation has the best community as well as team engagement in crypto today.
Next up is the heir to the crypto payment solution throne
MC currently is $7.4m
So with this one, we are looking at $740m MC which is still substantial but here is why I think it will do that and more.
For starters, lets look at XRP. Bloody hell, he’s only going on about them again. My good mate Tehmoonwalker said that with COTI he gets XRP vibes without the centralized aspect. It also has the same solidness as far as partners are concerned, hypeness of ADA in terms of tech and closeness to community like LINK. Remember XRP, ADA and LINK are sitting at MCs of $12b, $1.5b & $1.5b respectively.
Some of COTI’s partners are
- Scalablity — COTI can process over 100,000 TPS, compared to 25,000 TPS in traditional payment systems and up to 20 TPS in common blockchain protocols.
- Simplicity — COTI’s user and merchant-facing tools are seamless and extremely easy to use.
- Buyer-seller protections — COTI provides the first ever dispute resolution system to safeguard users against errors, fraud and counterparty abuse.
- Cost effectiveness — COTI cuts out intermediaries and eliminates the need for costly mining, which drastically reduces costs and energy consumption.
- Price stability — COTI is creating price stability technology, which is necessary for the mass adoption of blockchain for payments.
- Instantaneity — COTI’s technology makes transactions, P2P payments and remittances instant, instead of taking hours or days to clear.
- Security — COTI’s distributed ledger technology eliminates a single point of failure for enhanced security.
COTI community and team engagement come a very close second to DAG
Lastly, lets look at A Decentralized Data Exchange Protocol to Unlock Data for AI
MC is currently $25m. A behemoth $2.5b MC is needed to bust out a 100x for this bad boy. Easy I say and let me give you a few reasons why.
OCEAN has an all star team of partners
- Unilever — $150B MC
- Roche — $306B MC
- Digital Commerce Intelligence
- Data Natives
- Autonomous Vehicles — A leading use case for proprietary data is autonomous (self-driving) vehicles. The RAND Corporation calculated that 500 billion to 1 trillion miles driven are needed to get AI models accurate enough for production deployment of self-driving cars.
Our collaborators at Toyota Research Institute (TRI) saw that it would be prohibitively expensive for each automaker to generate that much data on its own. The answer would be to pool data via marketplaces.
- Medical Data — We are working with ConnectedLife, a company that provides IoT technology and solutions that revolutionize disease management for people living with chronic conditions and promote independent living.
Together with hospitals in Munich, Istanbul, and Singapore, Ocean Protocol provides ConnectedLife the tools to address the sharing of highly sensitive healthcare data while reconciling data privacy and protection laws, allowing it to build diagnostics and personalized treatment models from the hospitals’ Parkinson’s Disease patient data. Helping patients with Parkinson’s Disease to achieve better and personalised treatment.
- Computer vision — Our vision is to grow a massive set of data assets, all free for the planet to use. We’ve seen glimpses of the power of this.
ImageNet is an open dataset with over 10 million tagged images — much larger than previous open image datasets. It has allowed AI researchers to train image classifiers with radically less error than before, for dozens of computer vision applications. Providing Data Commons on Ocean Protocol would benefit the whole world, providing accessible data to anyone.
OCEAN has a fanatical and loyal community. I would suggest fooling Donnie Big Bags on Twitter as he is the go to man for anything OCEAN. Telegram — @DonnieBigBags Twitter — @DonnieBigBags
Wrapping up this article. Of course I have only mentioned a very few and there are a number of outstanding FA projects which are capable of a 100x and more. I would suggest following the King of Crypto FA, Tehmoonwalker. Telegram Channel https://t.me/tehMoonwalkeRs Twitter @tehmoonwalker and also look at his latest gem picks below.
FA leading the charge for the next crypto bull run!!!!!!