Bitcoin history is filled with stories of people putting small, disposable amounts of money into the crypto and ultimately making a fortune. This is no different from the case of a Norwegian man, whose disposable $22 Bitcoin investment has turned into a life-changing sum.
When Kristoffer Koch had done that originally invested in Bitcoin in 2009, the cryptocurrency was trading for just a few cents. Koch was intrigued at the time, which is why he said he made the purchase. At the time, he got 5,000 BTC for around $22, although this figure often varies.
Nevertheless, Koch eventually forgot about this purchase until four years later, when Bitcoin had blown up. By the time the Norwegian man got into his Bitcoin wallet, his initial purchase of $22 had increased to $850,000. When Koch saw the life-changing amount, he revealed that he had used some of the money to buy himself a flat in Oslo.
While stories like this continue to circulate, one question on the lips of investors, especially those who came in later than Koch, is which cryptocurrencies could replicate such growth. So here are some choices that look good.
Fetch AI (FET) brings AI to crypto
The AI story is still taking hold both inside and outside the crypto market and this has positioned a number of projects to benefit from its expected growth. Fetch AI’s native FET token has already shown the opportunities that lie in this space, but that was only in a bear market. A bull market could see the price of FET rise further and make numbers.
The project aims to democratize access to AI through a crypto economy. This means that users can access AI in a completely decentralized and permissionless manner, unlike the AI products seen in traditional industries.
Secret (SCRT) challenges Bitcoin with privacy
Whenever the topic of privacy coins comes up at the moment, two names quickly pop up, including Monero’s XMR and Secret’s SCRT. Secret actually uses ‘Secret Contracts’ to allow decentralized applications to offer completely private transactions.
As demand for privacy grows among crypto users who must be constantly aware of government intrusions, SCRT’s value proposition becomes even more important. Added to the low market cap of $51 million, SCRT could see a rally similar to Bitcoin.
Radiant Capital (RDNT) with fragmented liquidity
When it comes to executing on-chain transactions, liquidity becomes king, and this is where Radiant Capital (RDNT) comes into the picture. The project aims to consolidate fragmented liquidity in an effort to increase the liquidity available for decentralized finance (DeFi) protocols. .
This works for a number of lending protocols, regardless of the blockchain they are on. So instead of jumping from one protocol to another, DeFi users can take advantage of it using a single protocol.
Radiant’s value proposition in an industry that is constantly evolving and growing could spark a Bitcoin-like rally. This could take the market cap from the current $70 million to billions of dollars.
BTC price gearing up to retest $27,000 | Source: BTCUSD on Tradingview.com
Featured image of MARCA, chart from Tradingview.com