Former hedge fund manager Teeka Tiwari says he believes a small-cap cryptocurrency is poised to print major gains over the next 24 months.
Tiwari’s 2020 Phenomenon Playbook lists Crypterium (CRPT) as the number coin with the potential for immense growth, reports IBTimes. The Wall Street veteran says it could skyrocket by 700% in the next two years based on the forecasted volume of payments that would go through the Crypterium network.
Crypterium is a financial startup spearheaded by former Visa executive Steven Parker. The company offers two primary products: the Crypterium Wallet and the Crypterium Card, which allow users to buy, exchange, store, and spend their cryptocurrencies with the same ease as traditional currency.
CPRT powers payments in the Crypterium Wallet and the Crypterium Card.
Each time a user makes a purchase, the network takes a fee equal to 0.5% of the transaction in CPRT. What’s unique about 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 especially uncertain and risky.
Altcoins were hammered in the extended 2018 bear market and countless predictions on the rise of various coins have proved to be false, with the vast majority remaining miles away from their all-time highs.