Former hedge fund manager Teeka Tiwari says he believes a small-cap cryptocurrency will make big gains in the next 24 months.
Tiwari’s Phenomenon Playbook 2020 lists Crypterium (CRPT) as the number coin with the potential for massive growth, reports IBTimes. The Wall Street veteran says it could skyrocket by 700% over the next two years based on expected payment volume through the Crypterium network.
Crypterium is a financial startup led by former Visa CEO Steven Parker. The company offers two primary products: the Crypterium Wallet and the Crypterium Card, which allows users to buy, exchange, store and spend their cryptocurrencies with the same ease as traditional currencies.
CPRT takes care of payments in the Crypterium wallet and the Crypterium card.
Every time a user makes a purchase, it becomes the network takes a fee equal to 0.5% of the transaction in CPRT. The uniqueness of the Crypterium is that the fees collected are burned, which means that the number of CPRT tokens will decrease over time.
While Tiwari is bullish on the coin, the altcoin market is particularly uncertain and risky.
Altcoins were hammered in the expanded bear market of 2018, and numerous predictions about the emergence of various coins proved false, with the vast majority being miles away from their all-time high.