Getting 100x gain is very possible, and it turns out that they even occur more frequently in this market than we thought. The trick to this is figuring out how and finding those coins that will give us such gains.
In trying to find cryptos that can give you a 100x profit, one thing to note is that market capitalization is important.
The reason why people rush for Bitcoin and Ethereum is that they are the safest options in the market. They do not purchase them for their gains because they are also the most expensive market assets in terms of market capitalization. If you want to get 100x gain, you have to look for gems with smaller market capitalization.
People don't buy Bitcoin because of the profit; they buy it because it is the safest store of value. If you want significant gains, you have to look for those fundamentally strong altcoins with market capital, preferably under a hundred million dollars. And if you are indeed looking for a 100x gain, you have to look for coins with a market capitalization under 10 million dollars. In terms of financial opportunity, that tends to be where big money is made. You can easily find these kinds of coins on Coin Gecko.
Another thing to note when looking for altcoins like that is the Token Sales. About a dozen token sales so far this year that did nearly a 100x on their first day of listing.
The Token Sale market is pay-to-play; most token sales are happening on Token launch pads, e.g., Binance LaunchPad, Duckdale, Pockester, etc. These launch pads are the most popular ones, and they are getting the best product launching on them and also providing the biggest returns for investors. The only con of it is that to be eligible to get into those sales, you need to hold their tokens, and that could end up costing you thousands of dollars.
You have to look at where the market is not looking and where the market is not paying attention to in order to find these "hidden" gems. For example, decentralized finance on Ethereum is an ample opportunity, especially with the launches. The only con of it is the fees.
Another way of finding an undervalued coin is by looking at the total value locked. This mainly applies to decentralized finance protocols.
You have to take your time and put in the work to look for these coins.
