Given that Bit Coin is at all time highs and there are predictions for it to hit $50k / $100k / $500k etc. it is not as viable for the newbie or home based investor to enter the market with under $1,000 and expect the same returns of the last 3 months. As some of us are aware, these meteoric returns seen in Bit Coin recently can still be had in some Alt Coins that have gone 5 - 20 times in the past month. Examples; Monero / Cardano / Verge / Quantstamp / Dash etc.. What are some Alt coins that you are watching / investing in / into the new year and why? Also how far do you expect these to go and when will you step out?
Me personally I have only held ALTS; Have had ADA for a while now before the spike and am hoping to hold till about $1.50 before I sell off everything. The reason is very simple; I read somewhere the CEO is an ex executive at Ethereum and they launched ADA to overcome the short comings with Ethereum, on this basis I thought he must know what he's doing and over the next 6 months to a year we can expect some big hype behind this currency. After my sell off I'll re-evaluate and see where things are going into the future with ADA. Bought a bit of Verge before the recent spike also as well as Quantstamp quite cheap. Keen to hear what others are investing in and how they are justifying it to themselves. With Verge and Quant these were just impulse buys off internet hype and a bit of John Mcafee input, however they've seemed to pay off. Similarly the market trade volume is quite consistent and high. Being so cheap you would expect there is quite a bit of room to grow. In the new year I'm also looking to accumulate some Lite Coin (only 2) as I do believe this will hit $1,000 in the first half of next year. I'm guessing this and it's based solely off of Bit Coin market dominance falling from 60% and more interest developing in ALTS - no other reason.
Keen to hear everyone else's thoughts. Also, don't be shy or secretive, getting a bit of hype behind your investment isn't a bad thing.
Two smaller market cap alt coins that I think are interesting are AEON and ICX. From what I understand AEON is the LTC of Monero and ICX is the Korean version of ETH.
But as usual DYOR before investing!