Disclaimer: This is not financial advice nor should anyone take my thoughts as financial advisements. These are mere opinions, you should take with your financial advisor before entering into any transaction.
I am always on the look out for the next “big thing” in the crypto space, and I have stumbled across an interesting coin that may become the largest growing coin in 2018. Bitcoin, Ripple, Ethereum and all of the other top coins have seen tremendous growth in the past 6–12 months.
We’ve already heard the story about Ripple. In January 2017, every $100 investment is now worth over $35,000. However, Ripple was not the only coin to see tremendous gains in 2017. Litecoin, Ethereum, Monero, and many others gave investors tremendous gains in 2017.
But what if I told you the story of a coin that generated $450,000 for every $100 investment? The early investors received almost a million dollars while only risking $200, and I feel this number will only rise.
Well if you were an early investor in Raiblocks (XRB), you are very happy right now. Raiblocks blasted onto the cryptocurrency scene in the spring of 2017 with an early price around $0.007 USD, and it reached a peak of $37.62 on January 2, 2018. In about 9 months, a $100 investment increased to $537,428 USD. Now that’s a big baby! It now sits in the mid to high $20’s, and it will probably have a little bit more growth.
Did we miss out on these gains? Absolutely, which led me to start researching for the next big thing.
The next big thing will not have this level of growth, but I’d be happy with 10% of this growth. If I could get $50,000 for every $100, I’d do it in a heartbeat.
Again, this is not financial advice, and you should never risk more than you can lose.
Without further ado, let me introduce you to ECC.
A Little History About ECC
ECC was founded a few years ago, and the original founder allegedly scammed some people and the project became dormant in 2014. Coming to the rescue was a developer named Greg Griffith. Rather than start his own coin, he decided to build from the solid fundamentals of ECC.
Fast forward 4 years later and Greg has built a solid team around him. He has now quit his day job, and he is fully committed to ECC’s development. Moreover, in a world of scams and tricks, the entire development team is easily accessible on their slack and freely answer questions for the public.
ECC Recent Trends
As you can see from the chart, it has been quite the month for ECC. It is up 1200% with volume skyrocketing this past week. Its 24H volume is about to break $2,000,000, and this is a far cry from December 11, 2017 when it was a mere $3,500. This baby is growing and growing fast.
So ECC is growing, but is it over?
For seven reasons, I feel ECC will have the greatest percentage gains in the 2018 cryptosphere.
The Seven Reasons ECC Could Jump to the Moon
1: Established Coin
ECC was established years ago and left abandoned. Rather than hitting the market with no product, the new team revamped the project and saved countless months of development.
2: No Website
As part of the new project, ECC rebranded the entire company. It does not have a real website right now, and the new one is set to launch this month. This is very telling. Investors are so bullish on ECC that they are investing in the team and concept without the marketing fluff of other projects. When the website goes live, this should cause the price to go up.
3: Only Available on CoinExchange
This is a solid indicator of future growth. A consumer has to jump through many hoops in order to buy ECC on this lower-tier exchange. Despite these difficulties, money is surging into this coin. ECC is attempting to get added to Binance, and if approved, it will become much easier to purchase ECC.
4: Solid Development Team
Greg Griffith is fully committed to the project. Now with some more team members and ECC being his prime focus, we are about to hit a big growth period.
In a world of scams and deception, Greg and his team are fully transparent with the positives and negatives of the project. Their slack is informative and updated almost daily. Moreover, they make appearances on reddit to discuss development and answer questions.
6: Sub-Penny Pricing
Even with the massive growth this week, ECC still sits below a penny. This is a positive because the public is always looking for the next big thing. Right now, if ECC hits $1.00, that will be about a 300x return on investment. The public loves to build on future growth speculation in lower priced items. To triple your money with Bitcoin it would have to be around $50,000, and Ethereum would have to be around $3,000. ECC on the other hand? If it hits one penny, you almost triple your money. That will cause public eyeballs to jump to it…especially if it gets added to a major exchange like Binance.
7: The Lost Coin Value Jump
As discussed above, ECC has a rocky history. The prior developer led it into the ground. When this occurred, approximately half of the coins were lost when its major exchange went out of business. This caused massive losses in wallets, and it is unclear how many coins exist anymore. The strong belief is that 50% are gone forever. 25 Billion coins were mined, but it now appears that only 12–13 billion ECC units still exist.
Why is this good?
One of the biggest arguments again some altcoins is that many of them have a lot of coins. Why is this a problem? Because it limits the value of the coin. For example, let’s say you think ECC is worth $1 billion. If its market cap is $1 billion, and there are 25 billion coins in circulation, then its price would be 4 cents. However, if there are only 12.5 billion coins, to reach that same $1 billion, you’d hit a price of eight cents. If you have faith in the project, fewer coins will always be better for individual coin value.
There are many reasons why Bitcoin is the only coin above $10,000. One of those big reasons is that there will only ever be 21 million coins mined.