What does it take for a coin to go 1000x? This article explains how the market cap relates to price increases in a way that’s easy to understand, as well as analyzing three different upward trending crypto projects in different stages of their growth to evaluate the most likely candidate to go 1000x.

In other words, if you want to find coins with massive potential but you’re not sure how to evaluate them, this is the article for you. Let’s get started.

El Hippo (HIPP)

Let’s start with the coin that has the smallest market cap, and thus, the highest potential for upward price movement – El Hippo.

This coin is under three months old and has already amassed 21,000 Twitter followers and around the same amount on Discord. Regular meme contents and rewards programs have created a loyal, fun-loving fanbase that reminds many analysts of PEPE and SHIB in the early days before those coins blew up. If the viral meme content El Hippo fans are creating gains any more traction online, boom – price could undergo a major upward trend in just hours.

The monthly chart shows that price has seen major peaks and valleys already this month, bouncing right off support around the $0.000000004 area twice before climbing much higher each time. Price is currently $0.000000005632.

What those who aren’t following the project don’t know is that the team just announced a $10,000 airdrop. The team also gives away $700 each week via Zealy rewards. Could this airdrop give HIPP the boost it needs to go 10x, 100x, or even 1000x?

If any coin on this list is going to go 1000x, it’ll be the early-stage meme coin. In fact, if it went 1000x, the market cap wold be slightly less than that of SHIB right now at arond $4 billion. El Hippo is like SHIB in the early days – gathering popularity and ready to blow up to a major price point. But there are no guarantees of gains in crypto. El Hippo is the riskiest pick on this list, but also the coin with the highest potential gains by a wide margin.

Chainlink (LINK)

Chainlink is like a bridge that connects computer programs called “smart contracts” on blockchains with real-world information like weather data or sports scores. It does this in a secure and reliable way by using a network of computers. People often sleep on this project, perhaps because the Web3 sector is poorly understood, but make no mistake – LINK stands to play a major role in the flow of information in the new internet.

LINK has seen a fall from grace since 2021, like many major cryptocurrencies. However, this could mean that the coin is consolidating and ready for another run. The utility LINK provides certainly isn’t going anywhere, and LINK price has already started a clear upward trend on the monthly charts.

This coin likely cannot go 1000x – the market cap now stands above $6 billion, so a 1000x move would make the total value of the project $6 trillion, or around 6% of the total value of the stock market!

However, the all-time high was $48. Link has already gone 5x from its current price in the recent past. 10x, or even 100x could be possible, and it certainly seems likely that a project so deeply involved in Web3 real-time information transfer isn’t done climbing yet.

Monero (XMR)

Monero is by far the world’s most popular privacy coin. In a world where privacy is becoming more and more important, and crypto regulations demanding strict KYC procedures are often required, a growing number of investors are becoming interested in privacy coins.

Monero is around 3x below its all-time high at the moment, currently priced at $157. However, the market cap is lower than that of Chainlink, at just over $2 billion. If it went 10x, the market cap would be $20 billion, which is easily within reach for such a popular and useful project.

Again, it seems unlikely that the coin could ever hit 1000x gains from the current price point – people like Monero, but perhaps not enough to invest $2 trillion into the project. Despite this, the coin is certainly an eye-catching candidate for anyone looking to invest in potentially undervalued crypto projects with high utility or social media presence.

1000x Crypto Coins in 2023

There is every chance that there are coins out there ready to move 10x, 100x, or even 1000x. El Hippo’s market cap is at $4 million right now, meaning a 1000x price increase would make it worth around as much as SHIB – not only is this very possible, but it has already happened in the meme coin industry many times.

While LINK and XMR have a lot longer to go before they hit 1000x, all three coins on this list have potential in different ways, making each of them a possible choice for discerning crypto investors as the year 2023 comes to a close.