Seasoned Solana Investor Backs New Meme Coin XYZVerse, Targeting 1000x Returns

The cryptocurrency market, a realm often characterized by its unpredictable nature and the rapid emergence of novel investment opportunities, has once again witnessed a captivating development.

A Solana investor who made $10 million from his Dogecoin gains has revealed he's pivoting his attention to a new meme coin, XYZVerse (XYZ), in the presale.

The investor, who prefers to remain anonymous, chatted to investing platform Capital.com about his thoughts on the new generation of meme coins.

The Solana investor claims he made a "small $10 million profit" on his Dogecoin (DOGE) gains, which he bought in 2020. He began investing in crypto in 2019, and made a "small six-figure profit" from his early Solana (SOL) gains.

But the investor says he's now shifting his attention to a new meme coin, which he believes could "1,000x from here."

The investor is referring to XYZVerse, the new crypto project that has rapidly shot to fame for its unique blend of sports and cryptocurrency.

XYZVerse is a community-driven initiative, and investors are being brought on board through a series of presale stages, each featuring an incrementally higher price for the XYZ token.

The token started its presale journey at $0.0001, and it has already reached $0.003333 in the fourth stage of the presale. The next presale stage will see the price rise to $0.005, with the final presale price set at $0.02.

From there, the token is expected to be listed on a centralized exchange at a price of $0.10.

Those who buy the token in the first presale stage at $0.0001 and hold it until the listing price of $0.10 will enjoy a 1,000x increase in their investment.

The project is nearing the completion of its $15 million presale goal, and it has already raised more than $10 million.

Those who contribute to the project’s growth with tips, shilling, and community management will also be rewarded with airdrops of XYZ tokens.

The project is powered by the Solana blockchain, which is known for its high throughput and low transaction costs.

It is also noteworthy that the XYZ token is a deflationary token, with a portion of each transaction being burned, which in turn increases the scarcity of the remaining tokens.

Discussing his thoughts on the meme coin market, the Solana investor highlighted the role of community in the success of crypto projects.

"I think a lot of people are pivoting away from meme coins. They're tired of coins like SHIB and PEPE, which have no real-world use cases and are largely driven by hype. I personally made a small $10 million profit from my Dogecoin holdings, which I bought in 2020. I also made a small six-figure profit from my early Solana (SOL) gains in 2019. But I'm not interested in continuing to trade coins like that. I'm looking for something new and fresh."

The investor further explained his interest in a long-term initiative with a clear roadmap and a strong community.

"I'm currently interested in a new meme coin project called XYZVerse, which is a Solana-based token. It's a unique project that combines sports and cryptocurrency in a way that I haven't seen before. The project is still in its presale stages, and the community is working together to build something special. I believe this project has the potential to 1,000x from here."

The Solana investor went on to comment on the rapid development of the crypto market over the past few years.

"The crypto market has come a long way in a short period of time. When I first started investing in 2019, it was a very different landscape. Back then, we were still in the early stages of the DeFi boom, and most people were focused on Layer 1 blockchains like Solana and Fantom. But today, the industry is rapidly expanding into new frontiers, such as Web3 gaming, the metaverse, and the creator economy."

The investor also shared his thoughts on the importance of having fun while investing.

"I think it's important to enjoy what you do. If you're not having fun, then why bother? I personally like to follow my own research and invest in projects that I believe in. I'm not interested in investing in something just because everyone else is doing it. I prefer to go against the grain and find hidden gems that others may be overlooking."

The investor concluded by sharing his advice for beginners who are interested in investing in cryptocurrencies.

"My advice for beginners is to start slow and do your own research. Don't invest in something that you don't understand. And most importantly, have fun!"