(NOTE) Make sure to do your reserach before you invest, and please invest responsibly. — KryptoKowalski
With a brutal plunge in both BitCoin and Altcoins in general this week, the chaos has forced investors to head for the exits. While they have every reason to panic as Bitcoin plunged into the low 6000’s today, investors might want to use this time to purchase their favorite coins at a deep discount rate instead of selling at a loss. One of these coins in particular is DeepOnion, a cryptocurrency that allows users to send untraceable funds directly through the TOR Network.
You may be asking why this is important, and why would this be a solid investment from a business case scenario. The biggest reasons why this is a game changer are two reasons: to provide a solution that allows users to transfer their wealth anonymously without observations from governments and other entities that are looking to track and regulate every penny of our hard earned dollars, and provide a secure method of sendings funds that make it extremely hard for hackers to intercept.
From a pure growth standpoint, the other big factor that should attract investors is the sheer expansion of the community and coin value in less than a year of existence. Let’s take a look at at a similar security altcoin that is extremely popular for comparison: Monero.
Monero has been widely adopted by the TOR community as a way to accept anonymous payments and was developed in 2014. While initially being valued at $1.41, the value surged to a high of almost $500 in early 2018. This is huge growth for early investors as a simple $1000 investment, would haved netted almost $500,000 at its peak price this year. This is insane growth!
The real question is can DeepOnion surge to these levels realistically. Let’s take a look at the MarketCap companions.
As you can see currently DeepOnion sits at a MarketCap of around $13,600,000 USD and is valued at $2.82. Now lets take a look at the same figures when Monero had a similar MarketCap. Keep in mind Monero is currently valued at a $2.6 billion USD MarketCap and valued at $165 per coin.
If you see in this diagram, at around a similar MarketCap Monero was valued in the $1.20 range in 2016. This makes DeepOnion the more valuable coin when you consider a similar MarketCap for both coins. Plus it took Monero over a year and half to grow to the MarketCap size that DeepOnion has in just a seven month time frame. This means that DeepOnion realistically can see huge growth in value as long as the technology is adopted and embraced by the Tor Community, and the MarketCap can increase over the new several months and years into the $100 million and even billion dollar ranges.
The chances of this happening are very good IMO as long as the RoadMap goals are met, and DeepOnion continues to gain exposure and wide use in the crypto world. One thing is for sure, it’s never been a better time to invest. There is a potential to see some huge growth on your investment. These clearance rack prices aren’t going to last forever!