In cryptocurrency 10x is the common term that crypto lovers use. 10x means that the cryptocurrency is expected to increase by 10 times in value. It’s a very optimistic way to describe the future of an asset. If this happens, it means that the value of the cryptocurrency will increase by more than 10 times in just a few months (if not weeks).
Many people think that if 10x will happen, then it means that the value of bitcoin will increase by 100 times in a year. This is a common misconception. By now bitcoin already has more than a thousand times its current value. So 100x is not even possible. Still, it may happen but not as fast as many people think.
Investors are always looking for ways to make money through cryptocurrencies and blockchain technology (the underlying technology behind Bitcoin and other cryptocurrencies). Different types of investors have different goals and expectations. Some of them are looking for short-term profits, some for long-term investments.
For example, an investor who is looking for a quick profit and thinks that 10x will happen in the next two months may sell his or her bitcoin because he or she thinks that it is too late to buy the cryptocurrency at a lower price. But this investor may lose money and not make any profit. Sometimes the situation may be worse. For example, if the price of cryptocurrency falls below $100, it’s not easy to buy bitcoin at that price even if you want to make a profit. The demand will be very low and you can’t sell your bitcoin at that price because you don’t want to lose money. So if you want to buy bitcoin at a lower price, you should do it as soon as possible.
This is how the market works. The price of cryptocurrency is always changing and there’s no perfect solution for long-term investments. You have to be ready to take risks and accept some losses in the short term in order to make some profit in the long term.
So people who are looking for long-term investments should not worry about the 10x. They should focus on their goals and take some risks.
Frequently Asked Questions (FAQ)
Which crypto can give 10X?
It is always hard to predict the future. But in the past, there have been many such predictions. In 2009, bitcoin was predicted to reach $1000 in 2015 or 2016. In 2015, the price of bitcoin was at $300 and some experts thought it would reach $1000 by 2018. The prediction was achieved only after 10 years. In 2012, Vitalik Buterin predicted that Ethereum will be worth $100 in 2017. The prediction turned out to be right and Ethereum is now worth more than $500. It is also hard to predict the future of any other cryptocurrency like Ripple or Litecoin, but they are still here and they are still working hard to fulfill their promises.