5 Dicas para escolher a melhor criptomoeda para investir 2024

Ever since Satoshi Nakamoto created what are considered to be two of the greatest inventions of our lives, Bitcoin and its underlying technology, the blockchain , more than 2,000 cryptocurrencies have been created. What is most impressive is the fact that the cryptocurrency revolution has only just begun, as more and more cryptocurrency projects are launched with each passing year.

As the cryptocurrency/blockchain madness starts to catch the attention of more and more people, governments and even financial institutions all over the world, investing in cryptocurrencies has started to prove that it can be a gateway to prosperity and wealth. .

Of course, choosing to invest in multiple currencies to fully diversify your portfolio is nothing short of a good decision, but it can also be a very challenging and risky task at the same time, as the cryptocurrency market is known for its high volatility.

Therefore, choosing which projects to invest in requires a fine touch. It all comes down to ensuring that you, a potential investor, do not invest in crypto/blockchain projects with worthless coins.

To help you increase your chances of finding quality projects worth investing in, we've created a list of some of the most helpful tips.

search some more about the currency

There is an “old” saying in the cryptosphere that goes like this: “never invest more than you can afford to lose”. While the adage itself isn't a huge incentive for novice investors, it's also one of the wisest things to keep in mind.

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While it may seem like obvious advice to some, the phrase DYOR, or “do your own research” is definitely one of the most important points to consider. The cryptosphere is full of fraudulent projects that sometimes even benefit from the endorsement of renowned publications.

That said, disregard your current market position or market value and do thorough research. Check for all the signs usually associated with a fake project. Check that the site is accurate, that the white papers are in order, and that the script is not fictitious. Check forums and online platforms like Reddit where communities discuss these types of issues. Some of the most important questions you should ask yourself before investing are: does it have practical goals? Are the founders trustworthy? Do they have experience in the area? Does this project act as a solution to a real-world problem?

Proven track record usually means “OK”.

If you are a novice investor, it is best to continue investing in something that has already proven its worth in the cryptocurrency markets. For example, it is much riskier to invest in a cryptocurrency that has been around for a week than it is to invest in one that has been around for a year. As a general guideline, it is best that you opt for projects that are currently in the pipeline. CoinMarketCap's Top 100 List .

Events have the power to greatly affect the price of a digital currency

This is a short-term investment strategy that often requires the ability to accurately track the developmental milestones of a virtual currency project. The price of cryptos usually tends to go up after important events happen (partnerships, updates, mainnet launches, etc.). Of course, timing is everything with this method, but if done right, you can buy a project early and catch the wave after the announcement, which should get you great results.

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Market capitalization is often more important than price

Judging a cryptocurrency by its current price can be like judging a book by its cover. While the analogy is not perfect, investing based on the price of a token is a typical mistake that many beginners make. While price is a valuable metric when it comes to comparing the performance of two cryptos OVER TIME, the real metric you should consider is market cap. This is the true statement of how cryptocurrency compares to others.

Always stick to safe platforms

sure check exchanges lesser-known may find very attractive options, but it's often a risky business. As a general rule, always buy using the safest platforms. It's true that bigger names and good popularity often result in high fees, but consider this: paying higher fees is actually safer than ending up losing your entire investment. There have been several hacks and attacks that have left thousands of people empty-handed.

Learn the art of reading charts and analysis factors technique

There is no getting around it: as a crypto investor, you will have to rely on hard facts in addition to your instinct for good trading opportunities. This means that whether you like it or not, you will have to learn to read historical data and charts. These charts can provide a clear view of how the cryptocurrency in question will perform in the long term. Understanding price and value movements (even in a market as volatile as the cryptocurrency market) can result in smarter investments.

Don't be afraid to ask for "help"

While consulting the community on various social media platforms or even logging into contact us generally does not provide a straight answer, it may provide useful information on the matter. If you have questions about a project, post your thoughts on social media and see what feelings they will bring out from the audience. There are numerous good sources of information out there; it's up to you to have the confidence, patience and inspiration to use them.