2021 has been a great year for Crypto
Crypto market has been rising in marketcap. Currently as of 5/25/2021 the market cap is around 1.679 Trillion. Last time I posted an article about crypto crash you can go back and check it. Bitcoin did exactly where I predicted that it’ll go down. Right now the market is recovering. The prediction is not magic or any sort, it’s just experience and I got 5-6 years of it.
Now since you are reading this article you’ve probably heard about cryptocurrency from somewhere. Especially from social media sites like tiktok, facebook etc. Of the main reasons for the hype being dogecoin hype.
Cryptocurrency can be very lucrative if you know what and which crypto to invest in. Today I’ll tell you which and how you should invest your crypto.
1.Utility:-This has to be your main drive for investing in crypto. A project cannot survive in the long run if it doesn’t have any utility to provide it’ll just be a pump and dump project so keep in mind about this.EG:-
Bitcoins main utility is that it can act as a store of value with fixed supply.
Nano coin can act as transfer of asset/payment and the fees is zero and transaction speed can be as low as 10 seconds.etc.
2.Supply:-Supply is a controversial topic when it comes to investment but keep in mind the higher the supply the less chance of it making double or triple digit price value.It’s not that high supply means The value won’t be good but it’s that the amount of money in the world that people have is limited so higher supply becomes
hindrance when it comes to pumping the value.High supply coins can definitely increase in value but lower supply will have high chance of getting more returns.
3.Team/Devs:-This is also a major part check to see all about the teams/devs how they are developing the project and how they solve the problems in the network.
4.Roadmap:-Do check the roadmap and see their social sites if they have been consistently active and are doing stuffs for the betterment of the project and if they are planning something big in future.
These were some major points to consider when investing in crypto You can visit sites like coinmarketcap.com or coingecko.com to Research in depth about cryptos.
Happy safe investment.