It’s almost instinctive for Bitcoin to pop in your head when the subject of crypto is brought up. And rightfully so…
After all, it’s the one that set the standard for virtual currencies in the first place!
But since its launch in 2009, thousands of other cryptocurrencies (known as altcoins) have trickled into the market and tried to mimic Bitcoin’s success.
Although Bitcoin is still at the top of the charts, there’s no doubt that it’s seen better days. In fact, the crypto king is now down about 70% since the start of 2018. However, things are quite the opposite for some of the altcoins it’s competing against…
Here’s one of the best performers in the world of cryptocurrency that managed to hide in Bitcoin’s shadow, while producing more than a 200% profit!
One of the biggest gainers out of these no-name digital currencies is Davinci Coin (DAC).
Just within the last week alone, this particular cryptocurrency jumped up 234%!
At the time of writing this, there’s no telling what direction these shares could head in next, as the crypto market tends to be filled with volatility.
Either way, this percentage just shows what kind of profitability lives among these kinds of trades.
If you happened to buy-in to Davinci Coin prior to the climb it took, then you would’ve effectively tripled your money and then some!
Just take a look at the chart below…
Don’t get too bogged down with the analysis that goes into it. All you really need to recognize is the upward trajectory that Davinci Coin underwent over the course of the past 7 days, which you can easily trace, using either of the lines from the chart.
Give or take a few dips here and there, it’s clear that DAC shares bounced up, up and then up some more.
While Bitcoin and other big-name players of the crypto game shares have been somewhat stagnant, other currencies, like Davinci Coin, have been busy trying to make a name for themselves and haven’t necessarily failed at doing so.
My point is, crypto isn’t limited to Bitcoin. There are plenty of other digital currencies out there to choose from and work into your portfolio.
Sure, Bitcoin has the volume and reputation to back it, but it doesn’t have a 234% profit like Davinci Coin.
Like always, keep your emotions separate from your investments and avoid getting attached to any of the trades you execute.
It’s important to realize that crypto is still relatively young and there are constantly more and more altcoins moving into the picture.
With that said, keep an open mind and see for yourself the kind of cash you can earn from even the tiniest cryptocurrencies.
