Knowing when to get into a crypto project and when to pull out is a 'life' skill in the cryptocurrency market. The market is currently bearish, and while many investors count their losses, other smart investors are already anticipating the next bull run, stacking their portfolios with affordable coins with huge potential.
The meme coin sector is a treasure trove of tokens that are primed for significant price actions, as many tokens are only worth a fraction of a cent, and any price spike could be very significant. For example, Dogecoin (DOGE) is trading at about 5 cents, and Elon Musk's policies on Twitter/X could set the DOGE price for a huge spike this year.
Other viable token investments that cost less than a cup of coffee include Baby Doge Coin (BABYDOGE) and the newbie meme project Anarchy (ANA). Here's what we think of them.
Dogecoin (DOGE) is the pioneer meme coin, and with a market capitalization that covers over half the meme market, it's safe to say that it is the biggest project among meme tokens. However, all that popularity doesn't reflect much on the DOGE price since the token supply is only increasing by the day.
Any bullish movement on the DOGE price charts will generate a significant increase in the token's value. So anyone holding DOGE at the time will gain passively from the spike, and, according to reports from Bitcoinist, Dogecoin (DOGE) might not be too far from such a price action. Elon Musk recently announced that Twitter/X will feature audio and video calling options, an innovation the former Twitter founders were reluctant to add to the app. Such a feature will spike activity on DOGE's price charts, causing that coin's price to spike considerably.
There's also BabyDoge Coin (BABYDOGE), which has ample room for profits. The token trades at $0.000000001174 on CoinMarketCap, and, like Dogecoin (DOGE), it is sensitive to price actions, which makes it susceptible to bullish waves. The BABYDOGE price is currently on a price correction, as it is up 3.7% from its trading price 24 hours ago.
If you don't like the odds around Dogecoin (DOGE) and BABYDOGE's price, Anarchy is an excellent investment option for the year. If expert opinions are anything to go by, the ANA price is expected to offer massive returns this year, so your profit journey starts right from the presale phase.
Here's what the Anarchy project looks like.
There are various benefits to investing in Anarchy (ANA), one of which is that the ANA price is low enough to be affordable and sensitive to bullish trends. Apart from market trends, the Anarchy (ANA) project has features that will ensure that its token value keeps increasing.
The Anarchy (ANA) project will be in the hands of a DAO, where the ANA token holders will be responsible for the directions on the platform. The DAO will vote on suggestions for platform improvements and approve the most profitable ones for implementation. The profits realized from such crypto projects will be rewarded to the DAO members.
The DAO treasury is central to Anarchy's development, as it holds the funds that will be used to finance DApp building and protocol upgrades. The treasury gets 4.5% of every sell-and-transfer transaction on Anarchy's network as a contribution to investments or charity. All that money is secured using the Gnosis Safe protocol, a code that uses multi-signatures to protect the DAO treasury from hackers and external threats.
Now, here's how to join the Anarchy (ANA) train.
You won't get a cup of coffee at $0.00027 anywhere in the world, but that's the price of an ANA token in its current third stage of presale. But that's not the best news; expert predictions say you can get 50x returns on your deposits at the end of the presale.
So why wait? Head to the presale website and start bagging your ANA tokens today!
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Disclaimer: Analytics Insight does not provide financial advice or guidance on cryptocurrencies and stocks. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. This article is provided for informational purposes and does not constitute investment advice. You are responsible for conducting your own research (DYOR) before making any investments. Read more about the financial risks involved here.