What is your next 100x gem in Crypto ?
I'm a bit concerned about writing this post. Then again for most people, Crypto is all about gains.
I’m not hungry for money. Compared to several years ago, when I had less money, I still have the same life. It’s a rich life.
Money can solve the money problems and give people more freedom.
Before I continue, I must claim my writing is not financial advice, and please always do your own research. Recently wrote a post asking should I buy $SHIB? and It's my FOMO missing the million percent gain. Luckily because I have improved my emotional intelligence recently, I could make a good decision and continue to think long term.
Bitcoin, ETH, BNB, XRP, SHIB, DOGE, AAVE, and so many coins are proof that you only need to be right once to get rich in crypto in the long term.
When investing remember:
You only have to be right ONCE.
You only need to get rich once.
I will try to answer my own question. Hopefully, in the coming days, I could research more about 100X gems. Today I will stick with only one.
Chainlink ($LINK)
It's currently sitting at just over $32. Can LINK reach $3000 before 2025? In my opinion, there is a possibility of reaching at least $1000 that's 33X from today's price. Also, I must note ChainLink would have to reach a one trillion dollar market cap to reach $1,000.
Chainlink was created in September 2017, and was launched on the Ethereum Mainnet in May 2019. So LINK was born before ETH as smartcontract.com by Sergey Nazarov. Sergey has been building in the smart contract space before Ethereum was even created.
For decades, many technology experts believed that the oracle problem could never actually be solved. This is where Chainlink comes in. Chainlink solves this by being oracle network from the blockchain to the outside world.
This is similar to your computer connecting to the internet. Without an internet connection, your computer is fairly limited in it's usefulness and functionality. Chainlink's oracle network is the internet connection for the blockchain to the outside world. It connects any data input out there to the blockchain, whether that be data from the banks, an API, or some large database.
The price depends on the number of LINK staked in nodes and the supply/demand for LINK. Staking LINK improves node reputation and may be necessary for processing high-value data feeds. If a significant amount of LINK is staked in nodes, the supply is limited. If LINK is widely adopted, demand for LINK will be high.
source
Chainlink is already helping Amazon AWS and it can also partner with FaceBook's META.
Chainlink Labs is thrilled to be working with AWS to give data providers, enterprises, and DevOps an easy-to-integrate node infrastructure, and we are also exploring further integrations with Amazon Managed Blockchain to streamline deployment and management of Chainlink nodes
Source
Chainlink is an “Oracle Network”, which basically means a link between the real world and the blockchain world. Ethereum and other blockchains can’t communicate with the real world. Trying to get Ethereum to communicate with the real world is like trying to mix oil and water. And ChainLink has the solution. Chainlink is trying to do is to get integrated into other projects, and accumulate partnerships with different companies to make them able to link blockchain and real-world data.
I would recommend you to read the use cases of smart contracts coupled with Chainlink's oracles with Chainlink's blog called 77 Smart Contract use Cases Enabled By Chainlink.
Nothing like Chainlink has ever been created before, so if Chainlink becomes a global standard and ends up securing billions, trillions, or maybe even quadrillions of dollars of value in the future, the sky is quite literally the limit.
Chainlink has a huge ecosystem of partners and collaborators and becoming the global standard for oracle frameworks. Some of their main collaborations include Google, Oracle, SWIFT, and Amazon. Current list of partners and collaborators of ChainLink
Over to you: What is your next 100x gem in Crypto?
And Thank you for reading my little post.
Don't forget to hit that upvote button and leave a comment.
Thank you and I truly appreciate your support. I'm grateful to be part of our crypto, Hive, and LeoFinance community. Today is Day number 18 of my personal 365 days of writing challenge.
Twitter: Twitter.com/NathanMars7
Telegram: nathanmars7
I really feel ADA is still undervalued and probably in the coming years to come it will be around $50 which will be 25X from the current market price. Along with that it is a good coin for the staking rewards too.
Charles Hoskinson is the next Steve Jobs.
Super bullish on ADA
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That would put ADA at en 1.5t MC, bigger and then Bitcoin today. Just sain…
Link has been something I've had high hopes for for years. I'm really shocked things like Solana have just come out of nowhere and rocketed ahead of Link.
Solana shocked me too, didn't see that coming!
And it's still going!
actually.. .yeah ... :D
You're not the only one!
Crypto is where see non-linear growth.
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I'm so in my Hive bubble...
I've missed out on some many things because of my tunnel vision. What is the next 100x token...Million dollar question.
I remember hearing about chainlink way back in the 'steem days' and didnt do a thing lol
Not sure if it's a blessing or a curse that I'm so focused here.
Yeah, chainlink has gone around the block twice.
Perseverance pays
100%
Same with me. My entrepreneur DNA is so strong and that's why I switched my investor journey back in 2018 and went all-in with STEEM and sold all other cryptos including LINK.
It's healthy to be a BUIDLER + INVESTOR and Thanks to Hive for allowing many people these options.
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What I have discovered overtime is that being an early adopter into a crypto project can definitely prove resources. I don't care if I missed Shiba inu, there are more opportunities ahead.
I totally agree...
100X opportunities in crypto are like buses, there's always another one coming. We just need to be ready to jump on with a long-term mindset.
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Exactly, im taking precautions and jumping with a long-term mindset, apparently, Im aiming to build what will last. Cheers to hive.
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LINK seems promising. Have you checked HBAR?
Learning bit more about HBAR.
Thank you for sharing :)
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Close to release already, an NFT game called Everest. I read rumors the whales plan to pump it as soon as the ingame NFTs drop. I‘ll buy some too.
The NFT Market Cap has surpassed the rest of crypto already. It’s pure Bananas 🍌, just look at Splinterlands. My Collection went from last year 380$ lowest to now 30k+ today. Add the SPS Airdrop and we‘re 100x.
https://everestcoin.io/
Reading more now..
Happy for your $SPS Gains :)
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Thanks! #hodl
Link is my highest held coin. Got in at $6 and $9. Not selling till it hits $1,000 . Then only half
Happy to have more LINK Marines with HIVE network :)
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I’m all aboard the Link brigade.
I don't think I have invested in any 100x gem right now. I also don't have a position in LINK but I wouldn't mind HIVE/LEO doing a 100x.
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Don't hold your breath as it's not going to be tomorrow. I'd be happy with 10x and retrace and bottom out at $4 or so. But who knows. HIVE is not like any other asset.
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I am fine with that. HIVE is more of a long term hold for now so I am expecting to hold it for a few years.
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That's the right mindset.
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HIVE has a more nonfinancial return that many of fail to take advantage of
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We, that are here for 3 or 4 years, know that very well.
I can see HIVE/LEO doing a 100x before 2025.
Title for my today's post :)
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Nice educational post about chainlink. As well as a beautiful prediction until 2025. I haven't decided on 100x crypto yet. I have a lot to learn here. So I’m learning and will try to invest that next.
Same here!
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I think Cardano could be the next gem as upgrades to smart contract and very focused on working with Africa.
I have been accumulating but sadly sold all due to financial needs, not sure if I can be able to get in again.
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ADA is the ETH killer and Charles Hoskinson is the next Steve Jobs.
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I wish I know. Hopefully Hive, or any other tokens on the Hive Engine.
But putting the jokes aside, I would not even really need a 100x gain. I currently have $92.108 HBD in savings. Close to $100 HBD. Let us say that $1 HBD is worth $1 USD. My goal is to buy a sailboat with a cabin to live on it to get out of the financial discrimination, in which I currently live in (very high rent and regular monthly bills compared to an income less than the local minimum wage), and I heard that someone bought a 17 feet Stortris sailboat approximately three months ago for $1000 USD, so approximately a 10x increase would solve this for me.
By the way, I am sure that I will reach my goal soon, thanks to the huge support from the Hive community, including you.
Thank you so much for the support both to you and to everyone else. I am truly very grateful and very happy.
Have a nice day. All the best. Greetings from Hungary.
Happy to read your humble comment!
I remember setting my goal in June this year to pay off my debt which was holding me back for the last two years. It took me just 3 months to become debt-free again.
I'm sure you will achieve your goal of
Through my own life experiments, I found that having one overwhelming desire will make most goals achievable.
You got this :)
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This is beautiful. Thank you so much for this great support and motivation/inspiration. Both to you and also to everyone else. Maybe I will be able to buy a sailboat even sooner than I expected. Maybe within one year.
Thank you again. I am really truly grateful and happy.
Have a nice day. All the best. Greetings from Hungary.
Maybe $ATLAS (metaverse treand👀), $TKO , $WRX, $CTK, $HIVE $TOMO maybe hit 10x~100x in long term. Crypto is unpredictable
Crypto is unpredictable and that's the reason why many stay away from it and it's our opportuniy.
Not so much brother I want my Shib tokens to be 0.001 then it doesn't take much anymore. I hope the future may change and of course we hope that Hive will give something very good. He has been coming for so many years to give something better Can
Hope #ShibArmy will make your dream come true :)
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Thank you brother...
Frankly I believe I understand blockchain but never understood Chainlink. I read the explanations several times in various forms and they still don't make sense for me.
The "oracle problem" is at heart a conflict between anonymity and trustworthiness. Public blockchains all swear by anonymity - actual people are shielded from censorship behind an address. But that allows them to shirk responsibility - so what's to prevent them from sending garbage data to the blockchain, since no one will be able to link it to them directly, but only to one of their addresses (which can be dropped and another created).
So how in the world is Link going to solve that ? And why do you need another blockchain (with a token: LINK) to solve a problem which is structural to public blockchains ?
Now let's look at how does Hive / steem solve the oracle problem, embodied by the feed price? It asks witnesses to send a transaction with the feed price and does an average. The idea being that if a witness, despite being pseudonymous, tries to feed a garbage price, not only it will be "averaged out" but also users might "sanction" her/him by withdrawing their vote.
TL;DR:
- Are steem / hive blockchains? YES!
- Do they have an oracle problem? VERY MUCH SO: in the feed price (which controls the emission rate of SBD/HBD)
- Do they currently propose a solution to it? YES: witnesses feed prices, blockchain averages
- Does that solution need LINK? NO!
So, beyond the usual BS to sell tokens, what good is LINK?
Thank you for the good feedback.
For example, if take a look at only the insurance industry with a current global market cap of over 6 Trillion. I can imagine ChainLink capturing 10-20% in the next 5-10 years with decentralized oracle and hybrid smart contracts.
Read more on https://blog.chain.link/44-ways-to-enhance-your-smart-contract-with-chainlink/#insurance
Just by looking at some of the use cases for ChainLink, I'm convinced with potential. With the current price, it's already 100X ed from 2017 prices.
I'm glad to see your points about Hive and LINK and I don't know many things in crypto and am happy to continue to learn together with our LeoFinance community.
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The "oracle problems" are very real: blockchains store data but the data in the blockchains are as good as the shabbiest oracle. "Garbage in, garbage out" fully applies. However, does it follow that the solution is ... another blockchain? I don't see the ... "link" 😉! Or, in rethorical terms, it's a "non sequitur": the problem is real, but that doesn't imply the solution is ChainLink
Let's take the second example, "car insurance" - the problem is neatly explained. Now think of Hive: what part exactly cannot be solved by using Hive instead of ChainLink as underlying blockchain ? One doesn't need "trustless computation" to specify a rental period, unlock vehicle doors for the renter, record the length of the time rented, calculate the mileage driven and automate rental payments. Quite the contrary, blockchain-based "smart contracts" increase the cost and brittleness and decrease the customer experience because the execution is slower than it could have been (you need to wait for at least one block, which would otherwise not be warranted).
Instead, you could have done all those calculations in simple code which would provide a smoother user experience and would be cheaper to write and easier to maintain and might very well use Hive as blockchain back-end to keep record and automate rental payment for instance.
Never had a 100x gem but i have had a few 10x gems pay up for me and that was most of the time because i was bored and put 10 dollars on the wild side :).
The lessons that you learned from 10X will help you find the 100X
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Personally I'm invested more on HIVE than anything else but I think RUNE has a bright future. Not sure if it's going to x100 but it wouldn't surprise me
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Same here. I won't measure the return on my investment on HIVE just from a financial point though. There is personal growth, healthy support networks and connections, being able to contribute towards the creator economy are just a few returns I can name. Also if we can build small sustainable businesses or community tokens with HIVE then we can be in charge of the gains.
RUNE has huge potential as it's being the decentralized liquidity network and facilitates cross-chain liquidity pools with no pegged or wrapped tokens.
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Great points! There is much more to HIVE than the financial aspect of it!
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We have chosen to support your post because you are one of the good promoters of Hive on Twitter based on our Hive Twitter Daily Report.
We appreciate your time and enthusiasm for promoting Hive! @nathanmars
Thank you :)
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your always welcome
Judging by the 2017 bullrun, ALL alts will rise as bitcoin nears it's top, even the rubbish. The key is making sure you cash out in time. Charles Lee sold all his Litecoin in 2017 and it was smarter than holding because Litecoin still hasn't recovered to it's 2017 high.
2021 is Bullrun is like no other and of course, we can learn so much from the experiences. Especially the emotional intelligence and HODL mindset!
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If Chainlink become integrated with Amazon's own blockchain, that would be huge. Do you have a timescale for when the integration will take place?
There are some partnerships between Amazon AWS and Chainlink.
I don't know about the timescale at the moment.
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Definitely. I own some LINK ETFs on Binance and my take is that LINK will get somewhere between $200 and $500 this year or going into the next one, but I don't see it close to $3,000 any time soon. 2025? Definitely.
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You're bullish on LINK for sure!
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