Bitcoin holders are waiting for bitcoin to rise, ethereum holders are waiting for ether to rise. The point of cryptocurrencies is fast transactions, decentralized currencies, and anonymous transactions. But there is one other thing: Value
If you have bought bitcoin in 2013 for $135, that same bitcoin you bought would be worth about $40,000 in 2021. That's basically turning $135 into $40k without doing anything. But how do you know if a coin will rise, and possibly spike?
I’m gonna use Cardano as an example. If you check it’s statistics for the past year, you can see that that blue line is higher than the orange line. That means its percent increase is higher than bitcoin. What does that mean? That means the percent increase will continue to grow, as the price rises as well. Cardano’s current price is $0.40 but if this keeps going, it might reach to $10 by the end of 2021.
If a coin’s price chart is lower than bitcoin’s price chart (blue line under orange line) that means it’s price has gone down, and is getting less percent increase than bitcoin. These coins are the ones you should avoid, because they usually will fail to spike.
