The idea of Crypto 30x is being discussed in many conversations related to cryptocurrency investments. This term indicates that the cryptocurrency is capable of increasing your ROI (return on investment) by 30 times.
One of the major reasons why people tend to invest in crypto is because it provides a decent return on investment. But does it really have the potential of multiplying your investment 30 times? Well, if it does, crypto really is the future of finance.
That’s what this blog is going to be all about. We’re going to explore the potential of Crypto 30x and see how it can help you reap a decent profit after sowing a certain amount of investment.
Let’s get straight into it.
What is Crypto 30x?
Crypto 30x is a term used to express the idea that the cryptocurrency is capable of increasing your profit by 30 times. To put it in simple words, if you invest $1,000 in a cryptocurrency at one point, you have a chance of getting an ROI of $30,000 after a certain period of time.
Many new investors are being attracted to the crypto business just because of this single idea. What they forget to understand is that this hypothetical idea only comes to reality if the price of crypto rises by 30 times. Otherwise, you won’t be able to say that you have achieved the Crypto 30x goal.
However, if you dig into the history of the crypto business, you will find out that it has far more potential than just giving you 30 times of ROI.
That’s what we’re going to shift this article towards. Let’s take a look at the price history of some big cryptocurrencies to see whether it is actually possible to increase your investment by 30 times or not.
Is the Crypto 30x Idea Legit?
To answer the question of whether or not the Crypto 30x idea is legit, we need to backtrack the prices of some big cryptocurrencies. We’re going to calculate these prices within a certain period of time for more accuracy and authenticity.
Price Rise of Bitcoin (BTC):
Let’s begin with, what Wall Street traders call “the Currency of the Internet”. As of January 2024, the price of one Bitcoin is $43,379. Let’s backtrack it to 2016 when you could buy one Bitcoin for almost $500.
If you calculate the price difference in percentage, you will know that the growth rate is almost 85,576%. That’s a growth rate of 86x.
Price Rise of Ethereum (ETH):
Let’s see the price increase in Ethereum as compared to 2016 also. The price of this crypto was $11 and it has increased to almost $2,313 in 2024. Calculating the difference will reveal that the price went up by 20,931%.
This indicates that the growth rate of this crypto is 210x.
Price Rise of Bitcoin (BNB):
You could buy one Binance Coin (BNB) for like $0.10 back in 2017. Its price has increased to $309 now. This means it went up by 308,904% with a growth rate of 3090X.
These numbers are MASSIVE.
Well, one may argue that this growth rate is for some of the very successful cryptos. What about the ones whose prices didn’t go up this much? Well, let’s take a look at another example to clarify this.
Price Rise of Solona (SOL):
Solona is the cheapest cryptocurrency in this list with a price of $105. It was launched in 2020 and had a price of $0.77. In percentage, the price went up 13,590%.
This indicates that the growth rate of this crypto is 136X.
Even one of the cheapest cryptocurrencies has had a growth rate of 136x which is far more than 30X.
So, keeping all these statistics in mind, we can confidently say that the Crypto 30x idea is legit and it has the potential to provide you with this much profit on your investment.
But hold on…!
Don’t forget the fluctuating and volatile market of crypto. What worked in the past does not guarantee what will happen in the future. There should be a clear strategy for achieving the Crypto 30x. Let’s see how you can actually do it.
How to Archive Crypto 30x?
In order to achieve Crypto 30x, here’s what you have to do:
Choosing the Cryptocurrency Type:
The first thing you have to do is choose the cryptocurrency that has the potential to increase your investment by 30 times. Remember the examples of price increases we discussed earlier in this article?
Well, they can help you understand that different cryptocurrencies increase differently. So, make sure to invest in a crypto that has the highest current growth rate even if it is cheaper at the time.
Making a Long-Term Plan:
We’re going to deduce another key point from the examples we discussed above. Although all those cryptocurrencies achieved a huge increase in their growth rate, they took a considerable amount of time to do so.
You have to keep in mind that growth takes time in the crypto world. So, make sure to have a long-term plan of investing. This will help you stay on track even in the fluctuating market values of crypto.
Try Investing in Multiple Cryptos:
Achieving Crypto 30x does not mean you have to invest only in one type of cryptocurrency. You can branch out and invest in multiple cryptos and calculate your growth rate accordingly. However, keep in mind that keeping track of the growth can be really complex in this case.
Learn to Analyze the Price Market By Yourself:
It’s fine to hire professionals to keep track of your investment and analyze the price market, you should learn how to do it by yourself also.
That is because no matter how much effort another person puts into your work, you will only be satisfied if you also know what you are doing.
General Things to Keep in Consideration While Investing in Crypto:
Even if your goal is not achieving Crypto 30x, there are some things you have to keep in consideration while investing in Crypto generally:
- Make sure to set up a separate budget for investment.
- Always keep on consulting with experts to avoid facing any loss.
- Remember, there are hundreds of scam platforms out there. Make sure to buy and hold crypto through a reputable platform.
- Make sure to keep on learning the tricks of the trade in this field to ensure a successful long run of investment.
Recommended Cryptocurrencies to Reach Crypto 30x Fast:
Well, the cryptocurrencies we have discussed above are very good for growing faster in this field. However, here are some more cryptocurrencies that can try investing in to reach Crypto 30x faster:
Created by Ripple, XRP crypto has an annual ROI of 25%.
This crypto was launched in 2017 and has an annual ROI of 33%. Some experts believe that this crypto is more efficient than BTC (Bitcoin).
Launched in 2020, Avalanche can give you an annual ROI of 75%. This crypto is also compatible with Ethereum.
TRON has over 177 million accounts and is capable of providing an annual ROI of 80%.
Read also: How To Buy Ethereum On Etoro ?
The term Crypto 30x is used to describe the possibility of increasing your investment by 30 times in the field of cryptocurrency. The previous price history of different cryptocurrencies indicates that it is possible to have this much growth rate if you play your cards right.
There are several things you have to keep in mind while investing if you want to achieve this goal. We have described these things in a comprehensive way in the information given above. We also have suggested some cryptos for you to invest in that have a high growth rate.