- John Vasquez says that fast food chains offering crypto and NFT customers lead to mass adoption.
- Share six altcoins that give investors exposure to various industries, from gaming to exchanges.
- It also reminds investors that some altcoins could lose 90% of their value after the bull run.
John Vasquez, known as Coach JV on his social media platforms, says that the crypto market is about to go crazy, even though it has been exactly that this year. He is a fast-growing crypto investor and influencer with almost 900,000 followers on TikTok alone.
It is also a 12 year banking veteran his most recent title being Vice President, Wells Fargo District Manager. In 2017, he left that job to become an entrepreneur by starting his own business as a crypto trainer.
Now, he's busy educating his followers on how to take advantage of a volatile and fast-moving market. He's especially focused on navigating his audience during the final quarter of 2021, which he says is on track to present a parabolic bull run.
Seasoned crypto investors generally follow a four-year cycle tied to the bitcoin halving, when mining rewards are reduced. And historical patterns, particularly the huge gains in 2017, suggest that the final quarter of the fourth year is the grand finale, where everything hits all-time highs before a dip.
Bitcoin tends to lead this rally while altcoins lag behind. On October 20, bitcoin surpassed its all-time high, reaching almost $ 67,000. Since then, it has been hovering around the low $ 60,000. Investors are now watching and waiting for its next rally.
Outside of historical patterns, Vasquez points out that there is something new in this cycle and it has to do with mass adoption at a level never seen before. And no, it is not exclusively the recently launched. Bitcoin futures ETF or the participation of institutional investors to which it refers.
Major fast food chains such as Burger King and McDonald's have announced that they are jumping on the crypto bandwagon. Burger King offers rewards to its customers in crypto and McDonald's is giving away non-fungible tokens. Vasquez believes this will open the floodgates for more people to start using crypto.
Even amid all the excitement, he reminds investors that they should never invest more than they can afford to lose. Crypto remains very speculative and therefore the risks are high.
But on a good note, you don't need to invest a lot in crypto to see decent returns, he said. If you have extra money to spare or if you can earn additional income to invest in crypto, that's enough and could be life-changing, he added.
Your last top picks for the next bullfight
Without a doubt, your first choice is XRP. Vasquez believes that the price of crypto will skyrocket when Ripple's ongoing lawsuit with the SEC ends. XRP was removed from some major exchanges in December 2020 due to ongoing issue and this has kept its price low.
"When this case is dropped or solved, it will be the biggest crypto news ever. And then what happens? When the crypto news comes, everyone will come with FOMO, afraid of missing something, to XRP and the price will skyrocket. "Vasquez said.
On a previous interview with Insider In mid-September, Vasquez said he was optimistic about XRP. Since then, crypto is up about 9.4%. XRP was last trading around $ 1.16 as of Friday, according to CoinMarketCap.
The second crypto he recommends new investors focus on is Vechain, which uses the crypto vet. It is a blockchain developed to support supply chain management and business processes.
Vรกsquez believes that the solutions he provides are important at this time, especially due to supply chain problems. that arose from the COVID-19 pandemic.
Vasquez also promoted the vet in his previous interview. Since then it has increased by approximately 45%. As of Friday, vet was trading around $ 0.16 according to CoinMarketCap.
The next altcoin he's very bullish on is cro which belongs to Crypto.com, an exchange platform that offers a wide variety of crypto. It solves a big problem, which is the barrier to entry, because its application is very easy to use. New investors can buy, bet and trade cryptocurrencies that are not always available on other major platforms.
Even her mother, who still writes checks, can easily use the app to buy and transfer the cryptocurrencies she wants to invest in, she said.
He adds that the company also has an impressive marketing strategy. They advertise on various platforms, including TikTok and sporting events. They recently even hired Matt Damon for their new ad campaign.
CRO hit a record high of $ 0.40 on Friday after its listing on Coinbase.
On the gaming side, he says investors should consider where, the native currency of a leading metaverse named Decentraland. The sector has recently exploded into attention after Facebook announced it would be switching to Meta.
Mana was last trading around $ 2.54 as of Thursday according to CoinMarketCap. Many cryptos tied to metaverse projects have seen big bombs recently due to Facebook's announcement and can correct, but they are still good in the long run, he said.
Another choice is enj, also in the gaming sector. It belongs to Enjin, a platform that supports NFT and can be used in games.
As of Thursday, it was trading around $ 2.99, according to CoinMarketCap.
And finally, he's a huge fan of ether, and often invest your crypto earnings to buy more. He promoted it in mid-September, since then it has risen about 34%.
These six altcoins give investors exposure to profit-based cryptocurrencies across various industries, including banking, business and supply chain management, a crypto exchange, the metaverse, and gaming.
However, Vasquez reminds investors that the end of the bull run usually means a drop of up to 90% in some of these altcoins. It is important to have an exit strategy or to be invested in solid projects that you are ready to carry out for the long term. If you can do both, that's even better, he adds. Vasquez plans to abandon 50% of his positions during the bull run and leave the rest in solid projects.
