The history of Bitcoin is filled with stories of people who invested small, disposable amounts of money in crypto and ended up making a fortune. This is no different from the case of a Norwegian, whose throwaway $22 Bitcoin investment turned into a life-changing sum.
When Kristoffer Koch had initially invested In Bitcoin in 2009, the cryptocurrency only traded for pennies. Koch, at the time, was intrigued, which is why he said he made the purchase. He received 5,000 BTC for about $22 at the time, although this figure often varies.
Nevertheless, Koch ended up forgetting about this purchase until four years later, when Bitcoin exploded. The moment the Norwegian entered his Bitcoin wallet, his initial purchase of $22 had grown to $850,000. Upon seeing this life-changing sum, Koch revealed that he used part of the money to buy an apartment in Oslo.
As stories like these continue to circulate, one question on the lips of investors, especially those who came later than Koch, is: cryptocurrencies could reproduce such growth. So here are some choices that look good.
Fetch AI (FET) brings AI to crypto
The AI narrative is still going strong both inside and outside the crypto market, which has allowed some projects to be able to benefit from its expected growth. Retrieve AI’s native FET token has already shown the opportunity that lies in this space, but that was only in a bear market. A bull market could see the FET price rise further and make numbers.
The project seeks to democratize access to AI through a crypto-economy. This means that users will be able to access AI in a completely decentralized and permissionless manner, unlike AI products seen in traditional spheres.
Secret (SCRT) challenges Bitcoin with privacy
Currently, when the topic of privacy coins comes up, two names tend to pop up quickly, including XMR from Monero And Secret SCRT. Secret actually uses “secret contracts” to allow decentralized applications to offer completely private transactions.
As the demand for privacy increases among crypto users who must constantly be aware of government encroachment, The SCRTs the value proposition becomes even more important. Added to its low market cap of $51 million, SCRT could see a rally similar to that of Bitcoin.
Radiant Capital (RDNT) with fragmented liquidity
When it comes to transacting on-chain, liquidity becomes king, and this is where Radiant Capital (RDNT) The project seeks to consolidate fragmented liquidity with the aim of improving the liquidity available for decentralized finance (DeFi) protocols.
This will work on a number of lending protocols, regardless of which blockchain they are on. So, instead of switching from one protocol to another, DeFi users can benefit using just one protocol.
Radiant’s value proposition in an ever-changing and growing industry could allow it to experience a Bitcoin-like rally. This could see its market capitalization rise from its current $70 million to billions of dollars.
BTC price gearing up to retest $27,000 | Source: BTCUSD on Tradingview.com
Featured image from MARCA, chart from Tradingview.com