In this video I talk about a Crypto Gem that I truly believe has 100X Potential!
It has 100x potential because even it’s low end competitor (Cake) has a $5b market cap. This coin currently has a $50m market cap. a 100x from here would put it at $5b market cap.
In this video I’m going to go with you a small cap all coin that I truly believe has 100 x potential from where it is right now now this coin is part of a decentralized exchange category which is my second most bullish sector within cryptocurrency behind smart contracts so what am I actually talking about let’s go look at some current Dexes.
Right now and I’ll jump into the coin that I am most bullish about right now so if we look at the top three altcoins we have Ethereum Cardano and Binance coin Cardano has not launched smart contracts yet Ethereum and Binance coin they both have smart contracts and they both have their own Dex platforms Ethereum has many of them the biggest one is uniswap which has a 17 billion dollar market cap and binance’s largest is pancake swap which has a 5 billion market cap the interesting thing about Cardano is they have not released smart contracts and that is launching next month on the 12th.
So we’re about two to three weeks out at the time of this recording and that means that no Dex has actually been launched on the Cardano blockchain because they haven’t actually released smart contracts yet so there’s a big race going on to who can be the most valuable and largest decks and whoever can be the largest on Cardano absolutely has the potential to be somewhere between you know if you look at uniswap and pancake swap somewhere between the 5 billion dollar market cap range.
Up until you know uniswap which is right around 17 billion and as the market grows these figures are going to get larger and larger and if we look at where some of the most popular Dexes that are being built right now and going to be launching next month at the end of q3 on Cardano.
I’ve done some analysis on about six of them so far and I’ve narrowed it down to one that I really really like and I’m going to explain to you exactly why and this is the one that I like the most right now which is 8x okay it has a 40 billion or a 40 million dollar market cap which puts it at 2652 on the market cap list you can see we’ve had a decent correction over the last 24 hours and I’m gonna show you their actual site so if we look at you can go click on their white paper which we’re gonna go through here in a second but the biggest thing that I like about this which is different than the other exchanges such as like Sunday swap which by the way hasn’t even released their token.
It’s only on an ISO which is an initial stake offering so you can only earn the coin if you’re staking ADA this you can actually buy right now I’m going to show you and if you watch the until the end of this video I’m going to show you one other coin that is even smaller than ADAX that I think even has around the same potential so they’re doing not only do they have a Dex platform where you can swap coins on the Cardano ecosystem.
You can upload liquidity you can learn passive income all those things like you would on sushi swap pink pancake swap and uniswap but on the Cardano blockchain they have something called a Cardano erc20 converter so they’re actually going to allow erc20 coins which are built on Ethereum for all those coins that are super sick of all the high gas fees with Ethereum how volatile the fees are being how slow the network is and they want to move over to Cardano they can move through this erc20 converter to then be listed and and swapped on the Cardano blockchain.
So this is a really really big deal converting erc20 to Cardano I think we’re going to see a lot of this over the next especially six months but over the next few years as well so I’m gonna go over kind of just some functionality to the project so they’re currently in phase one which is the public IEO which is initial exchange offering which just happened not too long ago and then they are actually standing by for the rest of the launch of the program to launch the Cardano smart contract or after Cardano launches smart contracts.
So let me show you where we’re at I’ll let you read this is the white paper anytime you’re doing research on a project you should absolutely read their white paper to understand you know their vision and their milestones and what they’re doing right now their fee is a point three percent on the swap fee which is to the taker in the maker which will you know go straight to people that are the liquidity providers.
There’s no platform fee which I do do like the erc20 converter which I believe is one of the biggest deals about Dexes on Cardano and this is the one that is leading the way in this ERC 20 converter and then if you look at their platform’s really strong I’m going to show you that what I do like is their token metrics so like Sunday swap they have 25 to the team.
I don’t like seeing a large portion of the team they only are allowing 10 percent to the team on 8x which I do enjoy seeing because I don’t want the project to be dumped and be like a rug pool like we’ve seen so much this year in other projects what I do like is the team as well so I did a little bit of vetting on their team anytime you look into a project you should look into the team you should look into the the token or coin metrics and then you should also be looking into the real utility behind the token.
I’ve done a little bit of research these people do actually have years and years of experience in blockchain and raising capital for blockchain projects and another thing I really you know relative to the other decks is these guys have more you know more veterans than the blockchain space than the other owners of the other Dexes that I’ve looked into so where can you actually buy this.
You can only buy this on x markets which is where they did the initial exchange offering this is where you can find some low cap all coins specifically for the Cardano ecosystem but they also have a lot of other coins you can see I bought a little bit of ADAX and I’m sending literally two bitcoin into here to buy two bitcoin worth of eight acts and I’m just waiting for that to actually get here so that should be here today and I’m going to trade two bitcoin which is right around 100 grand into 8x.
So I’m hoping that we have a little bit bigger of a pullback you can see I bought it right around here last night just with like 0.9 or 0.09 bitcoin so this is where you can actually go buy 8x I’m sending bitcoin into this exchange and then trading bitcoin into 8x what I do really like about it is first of all this you guys should go watch this video to look at their their platform so I’m hearing some funky beats in my headphones.
You guys need to go watch this but they have a really really great platform it’s very simplistic I think that’s really really important and they have features that are superior to like uniswap and pancake swap I think it’s just all around a better a better platform and then they have the ERC converter they can actually see like volatility in coins and price appreciation you can see all of your swaps you can add liquidity and earn passive income.
It’s right on their YouTube channel so you can either go to bitcoin.com or you can go to their YouTube channel adax.pro and actually go watch this another thing I really like to see is like smart money behind projects that’s why I talked about Solana so much before it took off.
They raised over 300 million dollars and bam they just 3xed overnight after you know shortly after shooting that last YouTube video about Cardano and Solana and my third favorite smart contract platform this is also what I like to see so Roger Ver the founder of bitcoin.com is behind the project which he has been behind and you know an early supporter of Kraken ripple blockchain Bitpay Zcash so that is a very good sign that they actually do have some institutional money or not institutional money but strong backing behind investors that you know historically have had success.
I always like to see that behind the project so this is a super low cap let me show you actually one more as a bonus that I am likely to put probably around 25k into again make sure that you understand proper portfolio allocation this is something that I talk a lot about in our crypto groups which can be found in the the link in the description below this video but realize this is a small cap coin so the smaller the cap of the coin that you’re buying the higher risk that that coin ultimately has because there’s less capital and it’s also a relatively new coin this is another so you can see this is a super small cap coin this is another.
This is the only other one that actually has like a date on their erc20 converter this yay swap has a two million dollar market cap so it is super super low cap coin I mean it’s it’s so small that they they haven’t verified the market cap yet but according to the price multiplied by the number of tokens that are in circulating supply that is the current market cap and that is a ranked 3720 on in the coin market cap list which is pretty small cap coin so that is also something you can buy in here.
Am likely to buy about 25k of this which again it’s all relative to your portfolio so don’t listen to me buying a lot you need to make your own decisions figure out what percentage I usually keep between five to ten percent of my personal portfolio in small cap coins I realize a lot of them are probably to do bad but the few that do really really well are gonna far out exceed the return from the ones that do lose so that’s how I you know optimize my portfolio in regards to to small caps and these are two that I’m buying.
We’ve also been doing a ton of research into other small cap coins that are launching on the Cardano ecosystem if you want to be notified of those projects we are going to be talking a lot about those on this channel because I do believe this is one of the biggest opportunities in crypto right now is the coins that are launching on the Cardano blockchain all right let me know what you think about this video below what do you like about ADAX and possibly yay as well let me know in the comments below and I’ll see you here on this next one.