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In the beginning was the Word. And the Word was "HODL."🤙
So, let's continue our cryptocurrency Odyssey! This time, I decided to throw my first $100💵 at Reef (REEF) - a coin that has skyrocketed in recent days. The thought of buying REEF crossed my mind yesterday, but as always, I hesitated a bit. And for no good reason, because when compared to the bullish 2021, the difference is simply astronomical!
On March 13, 2021, one REEF was worth $0.04619.
But today, exactly two years later, it's just $0.004553! Can you imagine this price collapse? With my $100, I managed to snatch up 21,963 of these tokens. And I'm confident that going forward, REEF, like many other coins, will continue its victorious march.
Despite the fact that REEF is not among the TOP stable altcoins, it has existed since 2020. And it's built on the reliable Polkadot base, which is a tough nut to crack in the crypto market itself. Moreover, Polkadot has also grown noticeably recently, which could propel REEF forward.
To understand the scale of the upcoming takeoff, let's recall March 15, 2021. Back then, REEF's daily trading volume reached $641 million at a price of $0.049 per coin. But today's turnover is already $457 million! So the invested $100 could grow into a whopping $1,014 (21,963 * $0.04619)! That's an increase of over 900% from just one altcoin!
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So let's stock up on popcorn and watch the show. Because this is far from the last cryptocurrency adventure on our path. To be continued...
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And lastly, buddy-buddy, let me share a couple of crypto thoughts from my bearded head. First - invest in inexpensive but promising altcoins. These little ones are just dying to push your wallet out of The Zone and into The Moony expanses! In a year or two, your financial ribs will be crackling in the sun of digital wealth.
The second thought - don't forget to write in the comments what you think about my newbie ramblings. Yes, I'm still a green crypto cadet, albeit with a guru-like beard. But I persistently think and churn out analysis like a lazy hippo after a race!
And finally, if you dug my crypto adventures, stay tuned for more! In the following series, I'll fling open the doors of my alt portfolio - there's an Everest of promising coins beckoning with their greenery! So give me those thumbs up, cough up some memes, and subscribe. As for me, I'll go have some crypto tea and munch on crypto bagels. For the path ahead is long but freakin' exciting!