How Much Can Crypto Investors Make in a Bull Market? A Study of Solana (SOL), SingularityNET (AGIX), and Others
As the crypto markets experienced a strong bullish rally from mid-October 2023 to mid-March 2024, investors are wondering just how lucrative these surging markets can be. A recent case study by the X analyst @CryptoKoryo sheds light on the huge potential gains available to those who invest in the right altcoins during a bull run.
The data shows that during the five-month rally period, the average (median) return for the current top 1000 crypto assets by market cap was an impressive 2.7x. When breaking it down by market cap tier, projects under $10 million saw significantly higher average returns.
Some major altcoins with initially large market caps still managed to multiply considerably, including:
- Solana (SOL): Went 8x from $9 billion market cap
- Near Protocol (NEAR): Went 8x from $1 billion market cap
- SingularityNET (AGIX): Went 8x from $200 million market cap
What you'll learn 👉
The Rarity of 100x Gains
While tales of 100x or even 1000x gains grab headlines, the data shows these are incredibly rare occurrences. Only around 7% of altcoins achieved returns greater than 10x during this bullish period, and a mere 1.3% did better than 50x.
The projects with the highest multiplier returns of over 20x included:
- Toshipoints (TOSHI): 3074x
- Trump Coin (TRUMP): 600x
- Bonk (BONK): 340x memecoin going from $8m to $2.7b
- Mogul Productions (MOG)
- AlioZ (AIOZ): 100x AI project going from $11m to $1.1b
- SingularityNET (AGIX)
- ApexNode (APEX)
- PAAL
- Ordi Utility Token (ORDI)
- OmniBitcoinCash (OM): 71x RWA project going from $12m to $850m
Interestingly, most of the over 20x gainers had initial market caps around $10 million.
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Key Factors for Massive Gains
The case study highlights a few key factors that can lead to outsized returns during a bull market:
- Lower initial market cap (around $10m) provides more potential upside
- Being part of a hot trending narrative like AI or RWA
- Finding quality altcoin projects that are currently under the radar
As @CryptoKoryo emphasizes, achieving outlier gains requires a tremendous amount of research and diligence to uncover hidden gems before they explode. While 100x or 1000x returns are possible, they are extremely rare and don’t happen overnight.
With the crypto markets potentially gearing up for an even bigger bull run in 2024 and 2025, investors would be wise to start researching promising altcoin opportunities now. The rewards can be immense for those who uncover the next Solana, SingularityNET or other stars before the crowd piles in.
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