Homeownership has become more difficult than ever, thanks to the rising population and skyrocketing real estate prices. Due to urbanization and cities stretching out into suburbs, the real estate market is becoming inaccessible to the middle class and the poor.
Young investors are seeking refuge in high-potential cryptocurrencies as the prices of houses and mortgage rates threaten to rise further. Rather than plowing money into high-cap assets like Ethereum and Bitcoin, they’re opting for emerging cryptocurrencies with long-term growth potential to walk away with a fortune three to five years down the line.
Crypto rags-to-riches tales inspire Gen Z to enter the housing market without a mortgage
The mortgage rates have spiked at threatening levels after hitting lows during the pandemic. If the trend continues, and it will most likely do due to the rising population and urbanization, people who are late to take their plunge may be left out of the market for a very long time. Affordable mortgage and housing costs are a distant reality in the present conditions.
But the earliest of the Gen Z, the generation born between 1997 and 2010s, are planning ahead to make the cut. With the price of stocks and commodities failing to give reliable yields, they have found a safe haven in cryptocurrencies despite its many shortcomings.
The fact that cryptocurrencies underpinned by high-relevant projects have grown multifold over the years urges them to dip their toes in the market. There are many inspiring tales of crypto millionaires that substantiate their dream.
BTC all-time price overview, CoinMarketCap
For example, when Danny Maegaard – a psychology student at the University of Sunshine Coast – read about Bitcoin in a BBC article in 2013, it was largely unheard of. Interestingly, although it was confined to crypto nerds, the price of BTC surged from $15 to $30 during that time. The blockchain that underpinned the cryptocurrency created its value.
Maegaard bought into cryptocurrencies using his part-time wage. In that year alone, the price of BTC rose from $150 to $950. But he had bigger goals, and he didn’t think the asset was ripe yet. So he waited for a few more years, watching its price grow multifold by 2017 and his portfolio balance to $1M. Over this time, he expanded into more assets like XRP and DASH at low costs.
Gen Z is following in the footsteps of shrewd investors like Maegaard, paying little heed to the controversies that have always tarnished the market.
The key lies in finding the right asset at the right time
Anyone can build wealth and attain financial freedom from the crypto market if they are judicious. One of the key advantages of cryptocurrencies when compared to stocks is decentralization.
- While stocks are prone to the whims of central bank policies, cryptocurrencies are not under the control of a few groups of people.
- That gives cryptocurrencies resistance to global economic inflation and recessions.
- In fact, cryptocurrencies take advantage of these phenomena to draw funds to the market.
High-cap crypto cryptocurrencies have little room for growth. So, there is no point in investing in BTC, ETH, XRP, or Dogecoin at this point. If you invest time in finding altcoins backed by visions that can penetrate the masses with time, it will yield you returns over time.
At the same time, it is important to not fall prey to speculative news. The media loves to exaggerate. It can hail a crypto one day and tarnish it the next, all for the sake of news.
It is true that there are many assets that have died due to media narratives. But a project underpinned by market-relevant use cases will rebound, regardless of the ups and downs.
That is not to say that you shouldn’t go for short-term assets with explosive potential. Dogecoin, Shiba Inu, and Pepe have no primary use cases. Pepe was launched as a purposeless meme coin. But it went on to grab around 7000% returns for early investors. Although it has been dipping since May, 7000% is a substantial ROI if you know when to exit.
To sum up, here are the key factors to keep in mind while investing in crypto.
- Don’t follow the herd. Research the project along with the niche in detail and trust your analysis.
- When investing for the long-term, choose utility coins.
- When investing for the short term, go for volatile meme coins that feature wild themes.
- Enter when the project is young and has room for growth and expansion.
Top Cryptos Gen Zs are Buying in 2023
In this section, we will look at a few promising crypto projects of 2023. If they unfold as laid out in the whitepaper and roadmap, they have substantial growth potential.
1. BTC20
BTC20 is packaged as Bitcoin on Ethereum that gives new investors a chance to get back in on the early days of BTC. So, if you missed out on BTC when it was selling for $1, this is your next chance.
These are the key attractions of the project.
- There will be a total of 21 million BTC20 tokens.
- 05M tokens are sold in the presale at $1 each.
- The remaining 14.95M goes to the staking contract with attractive rewards.
- By locking tokens in the Proof-of-Stake (PoS) consensus protocol, investors can help secure the network while earning generous passive income.
BTC20 is an excellent short-term as well as long-term investment. The growing hype around the project gives it up to a 3000% potential surge during the first month of the token launch. Its long-term prospects, on the other hand, are underpinned by the stake-to-earn reward system.
🔹Welcome to the world of $BTC20 – The Revolutionary Staking Token 🚀💫
🌐A groundbreaking PoS #Crypto token built on #Ethereum!
🔥 We pay homage to the original #Bitcoin while introducing a passive income-staking mechanism that empowers our community of #Cryptoenthusiasts.💰 pic.twitter.com/gB18L4awfR
— BTC20 (@BTC20Token) July 18, 2023
2. Wall Street Memes
Wall Street Memes (WSM) is one of the biggest meme coin sensations of 2023. Most meme coins are fleeting crypto sensations. So, what is the point of mentioning WSM here?
The meme coin has yet to go live.
It is currently in the public presale stage, having raised $17.5M out of its targeted $30M already. The meme coin is an extension of the Wall Street Memes community, which has 1M+ followers worldwide. The community’s audience mostly includes investors, traders, and business leaders, including Elon Musk.
Top crypto publications cite Wall Street Memes as the biggest meme coin phenomenon of 2023, with the potential to surge 8000% to 10,000% this year. Although it will be followed by a price correction, the project is likely to retain its position as the third-largest meme coin next year.
3. yPredict
If you’re looking for a utility coin to buy now, yPredict is a good option. The cryptocurrency is backed by a marketplace for curated price predictive models designed by top AI experts, quants, and financial analysts. Check out the website for more details about the project and how it plans to nurture the value of the token over time.
4. Launchpad XYZ
Launchpad XYZ is another good utility token to enter the market this year. Similar to yPredict, the project is dedicated to helping users identify the best yield opportunities in the market. For this, it offers an NFT marketplace, trading terminal, metaverse library, and play-to-earn gaming arena, among others. Since there is a wide range of use cases that underpin the value of LPX, its value will grow as the ecosystem expands.
5. Evil Pepe
The dark cousin of Pepe holds large growth potential in August, as long as you grab it during the presale stage. However, it is not a good long-term hold. So, plan your exit strategy accordingly.
