David Gokhshtein, an entrepreneur, shared the top four alternatives that have a high possibility of being the predecessor of one of the most successful cryptocurrencies, Dogecoin.
The Top Four Coins in the 'Meme Economy'
Based on Business Insider report, Gokhshtein is putting his money where his mouth is and believed that VeChain (VET), Polkadot (DOT), Cardano (ADA), and Reserve Rights (RSR) are considered the big four in terms of the next alternative to Dogecoin.
"Right now, we have people jumping into crypto tokens that were just created about four minutes ago," Gokhstein said. "You only hear about the 4% that win out, and the rest are left holding bags," he further noted.
Gokhshtein added that the alternatives are "super bullish" as he believed that the long-term target for his choices would be a projected $400,000 to $500,000. Since the market is unpredictable, he has invested in other cryptocurrencies, such as the ones stated above.
Info Regarding The Top Four Picks
RSR recently helped the Venezuelan economy combat hyperinflation.
The RSR was made to provide people access to the US Dollar to countries that only the wealthy have access to. So far, it's been said that RSR is considered a human project and not just a crypto token that "changes lives one by one."
Next up is VET, with most recent news stated that the price closed on June 22 with a lot of indecision. A stalemate between buyers and sellers has slowed down the growth of the coin, which might have caused a deeper slope downwards but the forecast says to wait for $0.088 to enhance short-term investments.
Meanwhile, DOT has risen to more than 70% recently, and was considered one of the winners on the day based on Coinbase.
Last but not the least, ADA has added more than 50,000 staking addresses over the past three weeks nearing a milestone of 650,000. Numbers continue to rise and are estimated to go much higher in the coming days.
The crypto community has always frowned upon selling as buyers should hold, or "hodl" as the slang is derived in forums. Gokhshtein, on the other hand, says that "It's nice to have [gains] on paper, but if you don't have liquidity on it, it means nothing."
More on Gokhshtein
David Gokhshtein is an entrepreneur, cryptocurrency investor, motivator, and educator, according to his website. He is one of the people who has been heavily involved with innovative businesses with a background in financial services and technology.
Gokhshtein first found his passion for everything about cryptocurrency in 2015 when he realized the potential to change the world. As of now, he continues to tackle the turbulent world of cryptocurrency building his reputation and wealth, and was named one of the Top 25 Cryptocurrency Influencers back in 2018.
As for his words, "We're in the meme economy."
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Written by Alec G.