What Does 100x Mean in Crypto: Best Explanation by Far

Published: 18th August, 2023 | Last Updated: 10th June, 2024

Markos Koemtzopoulos

Markos Koemtzopoulos is the founder and main writer of ElementalCrypto. He has been a lecturer at the University of Nicosia on cryptocurrencies and DeFi and has taught two courses on crypto and blockchain technology.

The concept of “100x” in the world of cryptocurrency has become increasingly popular and often serves as a measurement of success and potential gains. Understanding what “100x” means in crypto is crucial for investors and enthusiasts alike.

So what does 100x mean in Crypto?

what does 100x mean in crypto

When we talk about “100x” in crypto, we are referring to the potential for a cryptocurrency asset to increase in value by 100 times or more. This means that if you were to invest $100 in a cryptocurrency that achieves a 100x gain, your investment could potentially grow to $100*100= $10,000.

The idea of achieving such exponential growth in a relatively short period is undoubtedly alluring, but it’s important to remember that investing in cryptocurrencies carries inherent risks.

While the potential rewards can be substantial, so too are the risks involved. Instead of 100x gains, you could easily end up with losing all your capital. If you really want to get to grips with such concepts I recommend you check out my course.

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One factor that can contribute to a cryptocurrency achieving a 100x gain is its market demand.

If a cryptocurrency gains widespread adoption and becomes widely used for transactions or as a store of value, its value can skyrocket.

This is because increased demand for the cryptocurrency leads to a limited supply being spread across a larger user base, driving up its price.

Another important aspect to consider when aiming for a 100x gain in crypto is the project’s fundamentals.

It’s crucial to research and understand the technology, team, and roadmap behind a cryptocurrency before investing. Projects with strong fundamentals, such as innovative technology, a solid development team, and a clear vision for the future, have a higher chance of achieving significant growth.

All that is nicely said in theory. If you want to understand why crypto holds any value read my article on why is cryptocurrency worth anything.

The Significance of 100x in the Cryptocurrency Market

Understanding the significance of “100x” in the cryptocurrency market requires a closer look at the nature of the market itself.

Cryptocurrencies are highly volatile assets, prone to extreme price fluctuations. This volatility means that some cryptocurrencies have the potential to skyrocket in value over a short period.

For example, check out the graphs below from research published by Duke University

Daily returns of Bitcoin

bitcoin daily returns graph
Bitcoin daily returns hover between + or – 15%

Daily returns of S&P

S&P daily returns graph
..whereas S&P daily returns hover between + or – 4%

You can see that Bitcoin is way more volatile than the S&P.

If you were to grow your investment at 15% every day for 84 days it would reach 100x. That’s 100 times your original investment in under 3 months.

However, very few cryptos have achieved such growth in such a short period. If they do they usually plummet shortly after.

For example, it took Bitcoin 5 years to grow 100x from around $600 in 2016 to $63,000 in 2021.

Another example is Dogecoin.

DOGE is the largest coin with the most meteoric rise. Dogecoin grew from $0.002 in October 2020 to $0.5 in May 2021 which is a 250x. If you had bought it earlier you may have even grown your investment by 2500x. This is why some people who just bought $100 worth of DOGE later became millionaires.

However, it’s crucial to note that not all cryptocurrencies will achieve such significant gains. The crypto market is highly competitive and unpredictable, and many projects fail to gain traction or maintain their initial growth. Therefore, while “100x” represents the possibility of earning massive returns, it is by no means a guarantee.

How easy it is to make 100x?

Investors should exercise caution when considering investments that promise “100x” returns.

While it is true that some cryptocurrencies have experienced exponential growth in the past, it is important to conduct thorough research and analysis before making any investment decisions.

Factors such as the project’s team, technology, market demand, and competition should all be taken into account.

Furthermore, it is essential to diversify one’s cryptocurrency portfolio to mitigate risks.

If you invest solely in projects that claim to offer “100x” returns you are guaranteed to lose your money.

By spreading investments across different cryptocurrencies with varying risk profiles, you increase your chances of achieving long-term success in the cryptocurrency market.

Professional traders will recommend you don’t invest more than 1% of your allocated capital into a single project. Yes, your absolute returns will be much lower but this way you get to preserve your capital rather than risk losing it all.

How to calculate if a cryptocurrency has grown 100x

When it comes to crypto investments, achieving a “100x” gain means multiplying your initial investment by 100.

To see how much a coin’s price has grown just divide the end price by the start price. For example, the price of bitcoin at the time of writing is around $30,000. In 2016 it was $600. Hence the price has grown by $30,000/$600 = 50x.

How do I calculate percentage growth?

To calculate the percentage growth just divide the current price by the starting price and subtract 1. Then multiply by 100.

So in our example, this would be (30,000/600 – 1) * 100 = 4900%

Why do prices go up 100x in crypto?

Crypto’s astronomical growth is unique. None of the historical financial bubbles saw as extreme price swings as crypto has. For instance, the most extreme historical event, Tulipmania saw a maximum multiple of 40x.

The phenomenon of achieving 100x gains in cryptocurrencies can be attributed to several factors.

  • One key factor is the overall market sentiment and investor behavior. During bull markets, where prices are rising, investors are more willing to take risks and invest in higher-risk, high-reward assets like cryptocurrencies.
  • Additionally, innovative technology and groundbreaking projects within the cryptocurrency space can also contribute to the emergence of assets that achieve 100x gains. Investors often look for highly disruptive projects with the potential to revolutionize industries and drive mass adoption.
  • Another factor that can contribute to the phenomenon of 100x gains in cryptocurrencies is the limited supply of certain coins or tokens. When a cryptocurrency has a finite supply, such as Bitcoin’s 21 million cap, it can create scarcity and drive up demand. As more people become interested in owning a limited asset, the price can skyrocket, leading to significant gains for early investors.
  • Furthermore, the global nature of cryptocurrencies plays a role in their potential for 100x gains. Unlike traditional financial markets that are often restricted by geographical boundaries, cryptocurrencies can be accessed and traded by anyone with an internet connection. This accessibility opens up the market to a larger pool of investors, increasing liquidity and the potential for exponential growth.

Case Studies: Real-Life Examples of Crypto Assets that Achieved 100x Gains

Looking at real-life examples can provide valuable insights into the possibilities and challenges of achieving 100x gains in crypto. Historically, several cryptocurrencies have experienced exceptional growth.

For instance, Bitcoin, the first and most well-known cryptocurrency, has achieved astronomical gains since its inception, reaching over 100x returns multiple times throughout its existence.

See What is Bitcoin and how does it work to understand it better.

Ethereum, the second-largest cryptocurrency by market capitalization, has also experienced significant growth, achieving 100x returns for early investors.

Here is a list of top cryptocurrencies that have grown 100x. Keep in mind that it is extremely unlikely they will grow a further 100x.

Top crypto that grew 100x in the past

  1. Bitcoin
  2. Ethereum
  3. Solana
  4. Dogecoin
  5. Litecoin
  6. Shiba Inu (6800x from bottom to top!!!)
  1. Cardano (ADA): 30x from trough to peak
  2. Tron: 30x from trough to peak
  3. Polygon (MATIC): 83x from lowest point to highest.
  4. Pepe: only 13x
  5. POlkadot (DOT): only about 20x
  6. Avalanche (AVAX): 60x

Common Misconceptions About 100x Returns in Crypto

There are several common misconceptions surrounding the attainment of 100x returns in the crypto market. It’s important to debunk these misconceptions to provide investors with a realistic perspective:

  1. No guarantee of success: Achieving 100x returns is not guaranteed, and many factors beyond an investor’s control influence the performance of cryptocurrencies.
  2. High risk: Investments with the potential for 100x returns often come with significant risks. It’s crucial to understand and manage these risks accordingly.
  3. Volatility: The crypto market is highly volatile, and prices can fluctuate rapidly. This volatility can impact potential returns and requires careful consideration.
  4. Long-term perspective: Cryptocurrency investments with the potential for 100x returns often require a long-term perspective. Patience and perseverance are key.

The Psychological Impact of Chasing After a 100x Investment

Chasing after a 100x investment opportunity can have a significant psychological impact on investors.

The allure of massive potential gains can lead to impulsive decision-making and irrational behavior. Make sure you understand what FOMO is and how it affects you.

Investors must be aware of their emotions and manage them effectively. It’s important to approach cryptocurrency investments with a calm and rational mindset, focusing on long-term goals, and avoiding the temptation to chase after short-term gains.

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Markos Koemtzopoulos is the founder and main writer of ElementalCrypto. He has been a lecturer at the University of Nicosia on cryptocurrencies and DeFi and has taught two courses on crypto and blockchain technology.

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