How To Get Rich with Crypto Quickest Way

Polkadots price has been absolutely skyrocketing

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How To Get Rich with Crypto Quickest Way. Polkadots price has been absolutely skyrocketing over the past week, along with a range of other dot-related projects that can Polkadot make you a millionaire in 2021. Which projects should you keep your eye on?. Now on my display right now you'll see that I have the dot tether chart open to take a look at the polka dot price and by my very technical analysis.

You'll see that we have this rocket strip that is launching straight into space, this is obviously not technical at all polka dot has been having an absolutely massive run-up over the past couple of days from the 13th of January at around 8. All the way up to almost touching 15 at 14.90 or 14.92 cents which are absolutely insane. Polka dot is currently in the price discovery mode, we have no idea, where it could go. I could perform some technical analysis on this chart.

But there's absolutely none to do because we're in uncharted territory right now. We have seen a little bit of sideways movement and some consolidation which could continue for a little while before perhaps, we have another run-up. But overall polka dot is an absolute massive monster. Right now at flipped xrp's market cap making it the fourth-largest cryptocurrency by market cap.

This is absolutely wild sitting at a market cap of over 13 and a half billion dollars right now. But with such a massive market cap, and it is the fourth-largest or technically third-largest cryptocurrency. Since tether comes in the third place can polka dot really make you that much money, if it's already so big? Well, it can but if we really want to make those absolutely insane and massive gains. We have to look at smaller projects that are inside of the polkadot ecosystem. Before we do that we should get a basic understanding of what polka dot is and why you'd want to invest in it in the first place?

Polkadot is unlike any other cryptocurrency instead of having a single blockchain

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So, Polkadot is unlike any other cryptocurrency, instead of having a single blockchain. It has a range of multiple different blockchains are known as parachains, or what we would know in the Ethereum ecosystem as shards so you have the main chain. Which is the relay chain, and then you have para chains, that link into that relay chain, and provide different solutions for very specific problems, that need to be solved within the ecosystem. And each token that launches on top of the polkadot ecosystem can have its entire blockchain.

Now Polkadot is here to stay in my opinion because it is founded by the co-founder of ethereum Mr. Gavin wood now. If you know anything about Gavin wood he is an incredibly intelligent individual and has been making absolute waves in the cryptocurrency industry for many years. He was the co-founder of ethereum as well as the web3 foundation and he created the programming language that ethereum smart contracts are written on solidity.

So, he is no underachiever at all and he continues to make absolute strides in development and progress within the cryptocurrency industry. So, to take a look at Polkadot. We can see that Polkadot provides transactional scalability by spreading transactions across multiple parallel blockchains. Just as I've said many times in the past ethereum suffers greatly from scalability issues. We can't get enough transactions through the system fast enough for it to be scalable and have more and more people coming into the ecosystem. The more people that come in the more clogged the system gets and the slower and more.

Ethereum good for you 

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Expensive the system becomes with polka dots that is solved. Now you might be thinking that this is another ethereum killer. And it's often touted as that all around the internet that polka dot is the next ethereum killer, But Gavin Wood has very carefully explained that it is not an ethereum killer. But if it manages to bridge between ethereum and polka dot it can coexist perfectly alongside ethereum. He aims to put blockchain maximalist to sleep. They won't be one chain or one cryptocurrency to rule them all.

Just as I’ve said many times in this book that if you're investing in something doesn't be a maximalist. Don't be a tribalist and invest in just one cryptocurrency, because you have no idea if it will succeed, and if it does there might be other projects that succeed alongside it. If you're only invested in bitcoin, good for you if you're only investing in ethereum. Good for you but if you want to diversify.

Your risk and you actually want to invest in the entire Cryptocurrency industry as a whole. And move the entire thing forward. You should diversify your investments and look at a variety of different cryptocurrencies. That solves individual problems there, won't be one single cryptocurrency to solve every single problem, that we have in the world, Just as we don't have one single car that everybody drives, you to have Mercedes-Benzes, BMW. tesla Lamborghini. All have their own use case solutions and preference for people. So the same goes with cryptocurrency even though they all solve the same basic problem. Which is to get you from point a to point b they do that in a variety of different ways.

Now polkadot has the advantage of what I call the little brother advantage. Just as I’ve said many times in this book as well is that if you're looking for a project that is going to perform well in cryptocurrency look for something that it is trying to emulate or solve or fix the problems of the past so for example, with ethereum, There are many problems that we're facing in the ethereum network right now. That needs to be solved and ethereum is currently working on that with ethereum 2.0.

Although other projects can come in underneath them and sweep them off their feet if they manage to do that in a faster time frame and more efficiently, and that's exactly, what the Polkadot ecosystem is doing to solve many of the problems. That ethereum and many other blockchains are facing right now. For example, the forklist nature of Polkadot so Polkadot can upgrade without any hard forks to integrate new features or fix bugs.

Major issues with cryptocurrency

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Now one of the major issues with cryptocurrency that we see as a whole is that every time we have some sort of upgrade there needs to be a consensus for the network to move forward without there being a hard fork and if there is a hard fork we get a splitting of communities a splitting of knowledge and the splitting of tech instead of moving together as a whole now substrate is the framework that Polkadot is built on just the solidity is to ethereum.

Now the beauty about the substrate of the framework is that it allows just about anyone to create their blockchain to solve a very specific solution and Gavin Wood very famously purchased a MacBook on the way to a conference that he was at and then use that MacBook to create and then upgrade a blockchain live in under 15 minutes this is a fantastic piece of content so if you haven't seen it yet I do highly recommend going to watch the video along with the rest of this micro-documentary on Gavin Wood and the polka dot ecosystem highly recommends that you check this out.

Can you make money with Polkadot?

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Now that you have a basic understanding of what Polkadot is and what sort of problems it's solving how can you make money with it what is the point of investing in Polkadot well if we take a look at Polkadot right now it's currently sitting at 13 and a half billion dollars that is a lot of money invested into a cryptocurrency even though it still has what I believe a lot of room to grow.

And you could easily see this over a hundred dollars within the next year polka dots price has surged dramatically over the past couple of months now just as ethereum will continue to rise in price and so will bitcoin the same will happen with polka dot although if you want to make those astronomical life-changing generational wealth then we should look to altcoins or smaller cryptocurrencies that have smaller market caps and have less room to move to make similar or even more gains.

For example, I’ve mentioned before that if the market cap of polka dot is 13 billion dollars for it to make a 10x move it's going to have to get to a hundred and thirty billion dollars which are more than what a theorem is currently and even though everything will move up with the market in a bull run, this is still a massive massive move it's over a hundred billion dollars that it has to move but if we look to smaller projects that are built on top of the polka dot ecosystem and are created to aid and improve Polkadot then we can look at things like Kusama.

 Kusama is essentially the testnet

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Kusama is essentially the testnet or the test network that Polkadot projects start on and often continue or move then to the actual polkadot ecosystem and Kusama is one of the first projects to secure a power chain on the polkadot network.

Currently sitting at 82 it is not cheap and up 10% in the past 24 hours and over 60% in the past month I believe that seeing a thousand dollar or even a two to five thousand dollar Kusama in the next year is not out of reach at all with a market cap of under one billion dollars if this were to do a 10x it would simply have to get to seven and a half-billion dollars compared to the 130 billion dollars that polkadot would have to move to get a 10x gain.

Now Kusama would be the second pick after polkadot simply because polkadot might be too expensive to build on top of or maybe there is no space for new projects to launch on top of polkadot so instead, they would look to Kusama, and just as I said that Kusama acts as a sort of a test net for polka dot related projects, we can see that the network is an experimental development environment for teams who want to move fast and innovate on Kusama or prepare for deployment on polkadot.

So often projects will start on Kusama because it's easy for them to test and fast for them to innovate and then eventually move over to the polkadot ecosystem and again we can see that Kusama was founded in 2019 by the one and only Gavin Wood.

Kasam is a fact very similar to polkadot

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So Kasam is a fact very similar to polkadot because someone is built by the same teams as polkadot using nearly the same code and tools the network places the latest tech from parity technologies and web3 foundation in the hands of developers before those features make it to polkadot.

So if you like to be a beta tester if you're an early adopter and like getting in on things early then perhaps take a look at Kusama and there are many projects already integrating with the Kusama network as we'll see Akala chain-link moonbeam fallow which we'll talk about in a second and the edgeware but with the 700 million dollar market cap it still has a lot of room to grow but it could be a slow mover compared to even smaller market cap projects so we have to dive deeper into the polkadot ecosystem to find these altcoin gems.

And to start we look at none other than polka starter sitting at only a 50 million dollar market cap, it has had a bit of a pump over the past couple of days and some consolidation now if you are looking to enter into any sort of cryptocurrency never former in on a pump up to an all-time high wait for the pump to end and then wait for some consolidation either you get in at the new high anyways if it does stay at that price point or there's some downward movement and some consolidation and you can get in at a much lower better price.

Now the pocket starter is a very interesting project to me because it is designed to raise capital yes it's a protocol built for chain token pools and auctions enabling projects to raise capital on a decentralized and interoperable environment based on polkadot so it's very similar to what we have with trust swap on the ethereum ecosystem to fast-track development and the launch of these projects many successful projects have launched on top of poke starter in the past few weeks like exceed me which ran like a battle of the hull during launch and has been forming quite well over the past few weeks as well.

Invest and find other undervalued altcoins

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Now this provides us another opportunity to invest and find other undervalued altcoins that are within the polkadot ecosystem for example exceed me now a word of advice for investing in this pre-sale or sort of startup cryptocurrencies that are crowdfunded on platforms like polka starter are if they do launch and you don't make it into the pre-sale around don't purchase right on launch you will often see that most of these projects have a bit of a pump and then a massive dump right after launch that is because the pre-sale investors are often many of them who got in at a very low price sell as soon as the launch happens because many new investors find out about these projects and start purchasing them and those pre-sale investors then sell their tokens and dump the price back down.

On the launch, we have this massive pump up and then a dump back down before some sideways consolidation and eventually some downloads movement but we're moving back upwards now if you were a pre-sale investor whether you got in here or at the top and you sold you would have made a lot of money but those investors who stayed in and held on for the ride are doing fine right now giving you plenty of room to get in at a price that was similar or lower than the launch price.

So if you are investing in these projects or looking towards them perhaps consider waiting until after launch or if you know how to play the game and work with these pre-sale tokens then maybe you can make some profits that way but if you are looking for these undervalued cryptocurrencies that are launching on top of the polka dot network take a look at polka starter and the projects that are being raised underneath them now a 50 million dollar market cap cryptocurrency is still a pretty good play and has a ton of room to the upside and potential to make you a lot of money.

But what happens if you don't have a lot of money to invest in the beginning let's say you only have one thousand dollars to invest how do you turn that into ten or even a hundred thousand dollars we look to even smaller micro-cap cryptocurrencies and again because we've seen what happens in the past and what works in the past we've sort of got a blueprint or an idea of what could potentially work in the future especially on better stronger faster networks like polkadot if we have similar solutions that were created on top of ethereum or in previous cryptocurrencies and they move over to the polkadot ecosystem or create a solution that is similar on top of polkadot.

Perhaps there's potential for absolutely massive gains in that new ecosystem and to that at only a The 19-million-dollar market cap for this to do a 100x move it has to get to 1.9 billion dollars which again sounds like a lot of money but this upcoming bull run is something that we will never have seen before something that our minds cannot even comprehend right now with the amount of money that will be pumped into the market cap.

Many cryptocurrencies over a billion-dollar market cap

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we're going to see many cryptocurrencies over a billion-dollar market cap in this upcoming bull run now fella has had a fantastic run over the past couple of days all the way back down from nine cents back up to almost 14 cents now if you're a member of my Patreon you would have known about many of these projects that I’m speaking about right now before they had this massive run-up and you would have been in massive profits so if you haven't yet I recommend checking out Patreon and consider joining.

But to look at fallout what is it and what does it solve essentially it's bringing privacy back to the blockchain but on the polkadot system, privacy coins had an absolutely massive boom in 2017, and just recently we've had a lot of news of privacy coins being delisted from exchanges but that leaves much more room for newer projects to come in and provide privacy solutions that cooperate with regulators and solve problems in a decentralized secure way and that's exactly what fallout does now.

Privacy or private cryptocurrencies instead of securing data

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Philae is unlike other privacy or private cryptocurrencies instead of securing data from everyone in the entire network instead it provides closed systems to secure data for enterprises businesses and even individuals so if you want to secure your data and secure your contracts within your ecosystem you can use fala for that now this is fantastic because it provides a real-world solution just as I’ve said many times before as well is that if you're looking for a cryptocurrency that has real-world potential and not simply some sort of speculative bit that perhaps it could be used in the future.

This has real-world right now usability with securing data inside enterprises so it provides not just a single-use case but instead, we would again be able to interoperate with many different blockchains or in the polkadot ecosystem parachains and provide privacy solutions for the polka dot ecosystem as a whole, so to give you an example of how a fellow would be used fella applies the tee or trusted environment execution which allows confidential data to run in an isolated and private environment and outputs result alone with authorization so an example Google wants the DAU the daily active user data in the recent 100 days on Facebook.

Facebook is willing to share this data

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Facebook is willing to share this data yet worries about a user data leak which isn't the first time that would have happened here's how they could perfectly solve the problem with the fellow network google developers write their requests into codes in the file network and send them to Facebook. Facebook developers receive the request and start to run the codes locally in Facebook's nodes only results are outputted and sent to google instead of all activity information containing sensitive user data now this works very similarly to what we would call a hardware wallet where the transaction is performed on the hardware wallet and the private key is never revealed to the network.

So it happens in a closed system always keeping the data secure now the same thing would happen with the fellow network where the data is processed within the closed ecosystem and only the outputs are received now a great thing about this is that it can be implemented and used very very quickly and easily because it is built on top of the polkadot ecosystem and everything happens fast inside of the polkadot ecosystem now you understand why I’m super bullish on the fellow network and how it has a real-world use case and potential to absolute skyrocket in price because it has this usability.

Now while all these projects are fantastic and have the potential to have absolutely insane gains in the next ball line and after that what if you only have 500 or a thousand dollars and you also want to experience these moonshot gains where do you look to even smaller micro cap cryptocurrencies and that's why I present to you Orion chain sitting at only an 11 million market cap.

Or when I first discovered it at nine million dollars for this to have a thousand x gain it would have to reach 10 billion dollars which sounds like a long shot from here but it absolutely isn't considering what Orion chain does and what it's aiming to solve now Orion chain provides AI oracle solutions to the polkadot ecosystem and to give you an idea of the potential of that we take a look at chain link which provides similar solutions and currently has a market cap of seven billion dollars.

It wouldn't surprise me at all either if chain link were to reach a hundred or two hundred billion dollars in the bull run sitting at the ninth place makes it the biggest oracle of all and provides what I call big brother energy now again chain link would be the big brother in this case and while other solutions and other projects are coming on to tackle chain link they are doing so within the ethereum or ecosystem but we have a variety which now brings the third or fourth biggest cryptocurrency of all time polkadot brings those oracle solutions to the polkadot ecosystem and it does so with the knowledge of all the problems that we face in the past with chain link and other oracles and solves those issues for polkadot.

The world's first oracle Ai has arrived now Orion chain

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So I chain is a data oracle platform that aggregates and connects artificial intelligence APIS to smart contracts and regular applications the world's first oracle Ai has arrived now Orion chain obviously doesn't provide solutions only or exclusively to polkadot but instead again provides the advantage of interoperability and works with cosmos ethereum and polkadot to interoperate between all of their networks.

So Orion chain is tapping then into the network effect of all three of these cryptocurrencies or even more in the future and again this is very similar to what polkadot is doing by positioning themselves as not an ethereum killer but instead an ethereum enhancer and tapping into the network effect of ethereum if instead, the position themselves as an ethereum killer then they would cut off a ton of potential by tapping into ethereum's network effect.

Ai services not only to Orion chains end users

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Now Orion chain is maximizing on that as well by tapping into ethereum cosmos and polkadot and interoperating between the three networks now after the testnet launch one of the main areas of focus will be further scaling the riot chain marketplace the place where Ai providers can integrate and provide their Ai services not only to Orion chains end-users but also to decentralized apps running on various networks the marketplace aims to make buying and selling of Ai services easier scalable and more convenient currently it's an ERC20 token and when the Orion chain mainnet launches there will be a native or I token used on the Orion chain tested and mainnet.

And again this goes for the poker starter project as well and many other projects that are currently sitting on the ethereum network tapping into that ethereum network effect when they eventually, launch on their chain they'll have many of these users and much of this network effect follow them into that new ecosystem if you're interested in finding your potential moonshot gems within the polkadot ecosystem.

I suggest you take a look at the top dot ecosystem coins by market cap on coin gecko and the projects like Orion chain nick and ocean already trying to integrate with the polkadot ecosystem as well as sora and chains another one to keep an eye on is the ergonomics network or xrt and I spoke about this on my Patreon as well integrating two of the most important pieces of technology we have right now robotics and blockchain. Get Rich with Crypto.

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