Post
Topic
Board Altcoin Discussion
Re: What are the things to look for when buying Altcoin?
by
Traderbtcc
on 01/03/2021, 09:50:53 UTC
Currently, if you want to buy any altcoin, it is very difficult. You can't choose an option quite easily. Also, the crypto market is currently volatile. In such circumstances if one wants to buy altcoin. So what should be the main focus?
Investing in altcoins are very risky, coupled the with the high volatility of the crypto market, I mainly focus on investing in altcoin projects that are already established, the top 20 altcoins are good to invest in, e.g the likes of Eth, Ada, Bnb etc, while for new altcoin projects, there are alot of factors to consider, like how does the project solve the current problems we are experiencing in the crypto sphere, I check the team and how much they were able to raise and the partnerships they have with established crypto projects and so on, would still advise you to stick to established projects to avoid falling for any new altcoin scam project out there.