3 Cryptos That Can Turn a Small Investment into a Fortune

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The internet is abuzz with stories of young investors who lost their fortunes gambling on the next 100x cryptocurrency. In most cases, these investors simply put far too many eggs in one basket. Then the bottom fell out and they lost everything.

There are also many stories online of people who invested very small amounts of money in Bitcoin (BTC-USD) back when it traded for fractions of a penny. Then there is the Bitcoin pizza story, where Laszlo Hanyecz bought two pizzas for 10,000 BTC. Back in 2010, these Bitcoins were worth $41. Today, they’re worth more than $670 million.

The point is simple: cryptocurrencies can turn a small amount of money today into a lot of money in the future. So why not consider investing a small amount of money, say $10, in a few moonshot cryptos to try to achieve similar gains?

GameStop (GSTOP-USD) is a perfectly logical choice for cryptocurrency investors who are looking for the next 100x opportunity.

The cryptocurrency is currently getting a lot of attention following its recent role in the GameStop (NYSE:GME) stock resurgence. Like most people, I don’t believe that either investment has any inherent value or merit. The GameStop stock phenomenon is simply an interesting historical quirk of the markets that we’re still experiencing. Still, there is money to be made, though I wouldn’t personally recommend pursuing it.

Instead, why not put $10 toward the GameStop cryptocurrency and aim for a 100x return? For $10, you’ll get about 2,000 GameStop tokens. If that $10 investment generates a 100x return, it will grow to be worth $1,000. That’s probably not an especially exciting amount of money in today’s world. However, the point here is that these types of cryptos sometimes return well over 100x, as was the case with Shiba Inu (SHIB-USD) a few years ago.

Bonk (BONK-USD) certainly sounds like the type of cryptocurrency that could explode in value overnight. It leverages multiple themes, including the fact that it’s a dog-inspired memecoin.

In recent years, we’ve all seen how quickly and to what extremes strange things can trend. The dog-themed memecoin trend started with Dogecoin, and many others followed. Shiba Inu is a prime example of the overnight gains that can result from these odd trends. Anyway, the point here is that Bonk is capitalizing on this trend. That alone could be enough to trigger a rapid wave of investment, driving up its price.

The other key point is that Bonk runs on the Solana (SOL-USD) blockchain. Adoption of the Solana blockchain is currently very strong due to its fast transaction speeds and low fees. The shift away from Ethereum (ETH-USD) and toward Solana gives all projects that use its blockchain a better chance at success. That’s another reason to consider putting $10 toward Bonk.

The Graph (GRT-USD) is another cryptocurrency that you can’t go wrong with if you invest $10 in it.

Moreover, it offers great potential and is at least worth considering as a budget-friendly, set-it-and-forget-it investment.

The Graph is essentially a type of blockchain search engine. The project indexes data from various blockchain projects. In other words, it’s basically a central repository for blockchain data, which can be very unwieldy.

Centralize the data, and developers can query it much more easily. This is the inherent utility of The Graph. Whether this will develop into something much bigger remains to be seen. However, it does at least have a utility that was notably lacking in the entire cryptocurrency space for most of its early years.

Each token of The Graph currently costs about 30 cents. So for $10, you’ll get about 30 GRT tokens. Who knows how much growth that $10 investment could generate over time?

At the time of publication, Alex Sirois did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the author, subject to the InvestorPlace.com Publishing Guidelines.

Alex Sirois is a freelance contributor to InvestorPlace whose personal stock investing style focuses on long-term buy-and-hold stock selection for wealth creation. Having worked in a variety of industries, from e-commerce to translation to education, and earned his MBA from George Washington University, he brings a diverse set of skills through which he filters his writing.